Market News

Local institutional buying lifts Oman shares higher

(Times of Oman - 2/20/2017 8:01:00 AM)

Led by local institutional buying in banking and utility stocks, the MSM30 Index closed at 5,858.41 points, up 0.26 per cent. The MSM Sharia Index ended at 867.87 points, down 0.06 per cent. Phoenix Power was the most active in terms of volume as well as ...

QSE extends rally to 5th session to cross 10,900 mark

(Gulf Times - 2/20/2017 8:00:00 AM)

The Qatar Stock Exchange opened the week on a stronger note with its key index surpassing the 10,900 mark, mainly lifted by the telecom, industrials, realty and banking stocks. The domestic institutions’ net selling weakened considerably as the 20-stock ...

UAE shares edge into the red

(The National - 2/20/2017 7:41:00 AM)

Shares in the UAE began the week slightly in the red on Sunday, as investors booked gains made at the end of last week. The Qatar Exchange was the standout performer on an otherwise quiet day across the Arabian Gulf, with the remainder of the region’s ...

Gulf Finance House surges to a fresh high as demand grows for small

(Gulfnews - 2/20/2017 7:33:00 AM)

Gulf Finance House struck a new 52-week high, as other small stocks such as Shuaa, and Eshraq surged in the UAE markets on Sunday. The wider index closed marginally lower. Gulf Finance House hit a 52-week high of Dh2.96 before closing 1.04 per cent ...

Bank shares lift Tadawul

(Arab News - 2/20/2017 7:19:00 AM)

Stock markets in the Middle East were mixed in modest trading volumes on Sunday with Saudi Arabia and Qatar outperforming because of support from the banking sector, while Egypt fell as the currency hit a three-month high. Two-thirds of the 12 listed ...

Technical analysis of the QSE index

(Gulf Times - 2/19/2017 7:27:00 AM)

This week’s uptick was on lower volumes and that indicates weakness of that up-move. However, we are generally optimistic on the index as positive momentum has been picking up. We maintain our support level at 10,500 and the resistance at the 11,500 ...

Abu Dhabi shares provide reason to cheer

(Gulfnews - 2/19/2017 5:55:00 AM)

Last week the Dubai Financial Market General Index (DFMGI) fell by 32.05 or 0.87 per cent to end at 3,650.76. There were 18 advancing issues against 21 declining, while volume slightly exceeded the previous several weeks. The dominant long-term chart ...

16 UAE major banks’ profits at Dhs35.31b

(The Gulf Today - 2/19/2017 5:51:00 AM)

The net consolidated profits of 16 UAE major banks dropped by around 6 per cent to Dhs35.31 billion in 2016, down from Dhs37.64 billion in 2015. Emirates NBD Bank was the most profitable bank with net profits of Dhs7.24 billion in 2016 compared with ...

Stock market fights for momentum ahead of March upgrade

(The Peninsula - 2/16/2017 7:29:00 AM)

Foreign inflows to Qatar Stock Exchange (QSE) saw a notable pick up in the second half of 2016, especially after the bourse’s first tranche upgrade by FTSE in September. The net foreign inflows to QSE averaged $212m a month compared to $81m in 1H16. ...

Mixed day for stock trades in UAE

(The National - 2/16/2017 6:15:00 AM)

UAE shares were mixed yesterday, as investors digested the large number of fourth-quarter earnings from blue chips such as Emaar, Aldar Properties and Etisalat. Dubai shares spent much of the day in positive territory but ended the day down 0.2 per cent ...

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