Market News

After MSCI upgrade, Tadawul chief turns to the next challenge for Saudi Arabia

(Arab News - 6/24/2018 8:42:00 AM)

Khalid Al-Hussan seemed to be enjoying himself last Thursday at the Riyadh headquarters of Tadawul, the Saudi Arabia stock exchange, of which he is chief executive. In fact, a quiet smile of satisfaction rarely left his face, even under the bright glare ...

Uncertainty with a downward bias prevails in UAE markets

(Gulf News - 6/24/2018 8:19:00 AM)

Last week the Dubai Financial Market General Index (DFMGI) got hit hard, falling 110.06 or 3.62 per cent to end at 2,928.17. That’s its largest one-week decline since early November 2017. Weakness was widespread as there were only five advancing issues ...

Muscat Securities Market up on upbeat trading note

(Oman Daily Observer - 6/24/2018 8:01:00 AM)

Stable trading — except on the last trading day — was seen in the last week, which included three days of trading due to the Eid holiday. Overall, investor caution continues to dominate ahead of second quarter results. Further, some interest was shifted ...

QSE to launch new incentives for local and global investors

(Gulf Times - 6/21/2018 8:06:00 AM)

The Qatar Stock Exchange (QSE) is poised to launch new investment incentives after a series of steps taken this year aimed at developing its systems, making it a platform for attracting local and international investments.

These steps have ...

Oman share index ends higher

(Times of Oman - 6/21/2018 8:04:00 AM)

The MSM30 index ended higher on Wednesday and closed at 4593.53 points, up by 0.09 per cent. MSM Sharia Index closed at 657.18 points and up by 0.10 per cent. National Securities was the most active in terms of volume and Bank Muscat was the most active ...

Global sukuk issuance falls by 15.3%

(Times of Oman - 6/21/2018 8:03:00 AM)

The global sukuk market experienced a significant slowdown in issuance in the first half of 2018, as predicted by S&P Global Ratings in January. The total sukuk issuance dropped by 15.3 per cent compared with the same period last year, reaching $44.2 ...

Selling in Dubai index stabilises,Tadawul tumbles before MSCI upgrade

(Gulf News - 6/21/2018 7:50:00 AM)

Selling stabilised on Dubai index after losing 3.2 per cent in the past two sessions as the gauge stayed below the 3,000 mark, while Saudi Arabia’s Tadawul index tumbled before the MSCI upgrade.

The Dubai Financial Market general index closed ...

Saudi Arabia gets MSCI emerging market status

(Gulf News - 6/21/2018 7:45:00 AM)

Index provider MSCI said on Wednesday it will give emerging market status to Saudi Arabia, effective mid-2019. The move will sharply broaden the Saudi investor base in a move that could be supportive of local equities.

International investors’ ...

Kuwait starts out week with losses; volume up

(Arab Times - 6/21/2018 7:20:00 AM)

Kuwait stocks kicked off the week on a weaker note on Tuesday amid negative sentiment in global markets due to escalating US-China trade conflict. The All Share index plunged 16.01 points to close at 4,826.67 points.

The Premier Market index ...

Saudi Arabia, Argentina decisions loom for MSCI index review

(Times of Oman - 6/20/2018 8:36:00 AM)

Global index compiler MSCI is considering including Saudi Arabia and Argentina in its emerging market indexes at a review of its widely-tracked benchmark on Wednesday, and could potentially announce candidates that may join its indexes in ...