Market News

CMA approves Awazel Initial Public Offering

(Tadawul - 9/21/2017 11:22:00 AM)

The CMA has issued its resolution approving the prospectus of Arabian Waterproofing Industries Company and the initial public offering of (8,189,994) shares representing (30%) of the Company’s share capital. A portion of the offered shares will be ...

Oman shares end higher on strong buying by retail investors

(Times of Oman - 9/21/2017 6:00:00 AM)

A smart recovery was witnessed on the Muscat bourse after retail investors entered the market to purchase blue chip stocks. Also, strong movement in telecom and banking stocks lifted the MSM30 Index by 0.90 per cent before closing at 5,042.28 points. The ...

Lack of traded volumes weighs on Dubai bourse

(Gulfnews - 9/21/2017 5:40:00 AM)

The UAE markets continued to remain sluggish on Wednesday awaiting fresh triggers, but maintained their overall positive outlook. Traded value dwindled to Dh162 million, down from an average of Dh200-250 million. The Dubai index is still trading above ...

Oman shares recover on better support from local investors

(Times of Oman - 9/20/2017 7:32:00 AM)

Shares on the Muscat bourse recovered on better support from local investors. The benchmark MSM30 Index increased and closed at 4,997.53 points on Tuesday, higher by 0.21 per cent. The MSM Sharia Index gained 0.34 per cent to close at 739.19 points. ...

QSE breaks losing streak

(The Peninsula - 9/20/2017 5:48:00 AM)

Qatar’s stock index came slightly off a five-year low yesterday as local funds intensified their buying of those shares, snapping the 11-straight sessions of losses.r> Local investors have been net buyers for several weeks and yesterday they made up ...

Saudi Arabia raises $1.9b in sukuk sale

(Gulfnews - 9/20/2017 5:42:00 AM)

Saudi Arabia raised 7 billion riyals ($1.9 billion) from domestic sukuk sales as the kingdom seeks to bolster its finances amid an economic overhaul and lower oil prices. The government received more than 24 billion riyals in bids for its third ...

Dubai bourse holds steady

(Gulfnews - 9/20/2017 5:39:00 AM)

The broader Dubai benchmark index closed almost unchanged on Tuesday as real estate stocks took a breather. Emaar Properties closed 0.22 per cent lower at Dh8.91, after hitting a 52-week high on Tuesday. The Dubai Financial Market Index closed 0.15 per ...

Tadawul All Share declines

(Saudi Gazette - 9/20/2017 5:23:00 AM)

Saudi Arabia stocks were lower after the close on Tuesday, as losses in the Media & Publishing, Real Estate Development and Multi Investment sectors led shares lower. At the close, the stock benchmark Tadawul All Share Index fell 0.57%. The best ...

Kuwait bourse retreats as investors book profit – NBK slips 6 fils

(Arab Times - 9/20/2017 5:22:00 AM)

Kuwait stocks slipped into red on Monday after treading water in the last session. The price index dropped 21.33 pts in choppy trade to 6,890.37 pts as profit taking weighed on some of the heavyweights following recent gains. The KSX 15 benchmark fell ...

UAE listed firms give $8.8bn in dividend, bonus

(Trade Arabia - 9/19/2017 8:07:00 AM)

Cash dividends and bonus shares to the tune of Dh32.5 billion ($8.8 billion) have been distributed by 79 companies listed at Abu Dhabi Securities Exchange and Dubai Financial Market for Fiscal Year 2016, a report said. Distribution of such big gains goes ...

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