Market News

All-round selling in UAE stocks as key support eyed

(Gulfnews - 5/29/2017 2:29:00 AM)

The UAE stocks witnessed all-round selling on Sunday, the first day of Ramadan, as traders saw a higher possibility of the Dubai index to fall towards keenly watched 3,200 level. The Dubai Financial Market General Index closed 1.01 per cent lower at ...

Profit of 65 companies listed on ADX reaches Dhs12b

(The Gulf Today - 5/29/2017 2:22:00 AM)

Profits of 65 domestic and foreign companies listed on Abu Dhabi Securities Exchange, ADX, in Q1 2017 have reached Dhs12 billion, growing by %19, compared with Dhs10.4 billion in Q1 2016. In the banking sector, 14 banks gained Dhs5.825 billion of ...

UAE stock markets end lower on quiet Ramadan trade

(The National - 5/29/2017 2:21:00 AM)

UAE markets fell on Sunday as the second day of Ramadan led to soft retail volumes coupled with disappointment over last week’s Opec decision. The Dubai Financial Market General Index fell 1 per cent to 3,293.60, dragged lower by companies including ...

Gulf markets fall on global oil output deal

(Arab News - 5/29/2017 1:58:00 AM)

Most Gulf stock markets fell in disappointment on Sunday after global oil producers agreed to extend cuts in output by nine months in an effort to prop up prices. Last Thursday’s oil output deal may put a floor under oil prices at around $50 a barrel for ...

QNB Weekly Market Report

(Gulf Times - 5/28/2017 8:10:00 AM)

The Qatar Stock Exchange (QSE) index decreased 42.83 points, or 0.42% during the trading week to close at 10,060.52. Market capitalisation increased by 0.63% to QR540.9bn versus QR537.5bn at the end of the previous week. Of the 44 listed companies, 16 ...

Last day to subscribe to Arabtec’s rights on May 28

(Gulfnews - 5/28/2017 2:10:00 AM)

The last day for Arabtec rights holders to disclose their intent to subscribe to rights will be on May 28, before the new shares get listed on the Dubai Financial Market on June 8. “Subscription forms will be available during the Subscription Period from ...

Oman share index falls on regional cues

(Times of Oman - 5/25/2017 7:32:00 AM)

Oman’s benchmark, MSM30 Index, followed regional cues and ended on a weaker note at 5,392.31 points, down 0.17 per cent. The MSM Sharia Index closed at 789.80 points, up 0.06 per cent. Al Madina Investment the most active in terms of volume as well as ...

Qatar Stock Exchange & Stenden University in Qatar sign MoU

(The Peninsula - 5/25/2017 7:26:00 AM)

Qatar Stock Exchange (QSE) and Stenden University in Qatar (SUQ) yesterday signed a Memorandum of Understanding (MoU) to promote partnership between the two sides. The MoU was signed by Qatar Stock Exchange CEO, Rashid bin Ali Al Mansoori, and Dr Ivan ...

Bahrain Investment Market 'attractive option for capital-intensive sec

(Trade Arabia - 5/25/2017 7:23:00 AM)

The Bahrain Bourse (BHB) has highlighted how the Bahrain Investment Market (BIM), an equity market for growing business ventures in Bahrain and the wider Mena region, can improve the liquidity of capital-intensive industries and boost foreign investment ...

Nasdaq Dubai lists 3 bonds from ICBC

(Gulfnews - 5/25/2017 6:11:00 AM)

Nasdaq Dubai said on Wednesday it listed three bonds issued by Industrial and Commercial Bank of China Dubai (DIFC) Branch. ICBC was ranked the largest bank in the world by market capitalisation in 2016 by Forbes magazine. ICBC listed two bonds of $400 ...

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