Market News

Region rises as IPO plan boosts Egypt, Emaar Properties up in Dubai

(Reuters - 11/23/2017 10:02:00 PM)

Almost all Middle East stock markets rose on Thursday as a plan for an initial public offering (IPO) boosted Egypt while blue-chip Emaar Properties continued to recover in Dubai. Ibn Sina Pharmaceutical Industry, one of Egypt’s largest drug distributors, ...

United Arab Emirates stocks higher at close of trade

(|nvesting.com - 11/23/2017 9:54:00 PM)

United Arab Emirates stocks were higher after the close on Thursday, as gains in the Consumer Staples, Transport and Telecoms sectors led shares higher. At the close in Dubai, the DFM General gained 0.46%, while the ADX General index climbed 0.31%. The ...

Saudi to allow smaller foreign funds into stock market

(Reuters - 11/23/2017 9:53:00 PM)

Saudi Arabia will ease requirements for foreign institutional investors in its stock market, the securities regulator said on Thursday, as Riyadh seeks to draw more capital into the market before the listing of state oil giant Saudi Aramco. The Capital ...

Nasdaq Dubai And Nairobi Securities Exchange Sign MoU

(Mondo Visione - 11/23/2017 3:25:00 PM)

Nasdaq Dubai and The Nairobi Securities Exchange have signed a Memorandum of Understanding (MoU) to facilitate the creation of a Sukuk sector in Kenya. No Sukuk has been issued in the East African region; however the Kenyan government has previously made ...

Biggest Dubai IPO in 3 Years Has Worst Debut Since 2014

(Bloomberg - 11/23/2017 2:14:00 PM)

Geopolitical risk in the Middle East took a toll on the debut of a stock linked to one of the strongest brands investors can find in the United Arab Emirates market. Emaar Development PJSC, the U.A.E. real estate developer that began trading in Dubai on ...

Muscat bourse recovers on retail support

(Times of Oman - 11/23/2017 7:44:00 AM)

Shares on the Muscat bourse firmed up on support from retail investors. MSM30 index closed on a flat note at 5,078.03 points, marginally up by 0.02 per cent. The MSM Sharia Index ended at 724.78 points, down by 0.27 per cent. Al Madina Takaful was the ...

Emaar Properties see biggest daily gain on unit listing day

(Gulfnews - 11/23/2017 7:25:00 AM)

Emaar Properties rallied more than 2 per cent, the highest since mid-September, amid agressive buying after its unit, whose shares listed on the Dubai Financial Market, recovered from its intra-day low. Emaar Properties rose 2.63 per cent higher, the ...

Gulf stock markets mostly rally on oil

(Saudi Gazette - 11/23/2017 5:47:00 AM)

Gulf stock markets mostly rebounded from several days of weakness on Wednesday, encouraged by strong oil prices, though Emaar Development sank on its debut after Dubai’s first big initial public offering since 2014. Emaar Development, the local property ...

Kuwait equities extend losses in choppy trade – NBK drops 15 fils;

(Arab Times - 11/23/2017 5:46:00 AM)

Kuwait stocks headed south on Tuesday, extending its losses to third straight session. The main index dipped 25.75 pts in choppy trade to 6,231.97 points weighed by banking shares even as continuing regional tensions dampened the sentiment. The KSX 15 ...

First listing of Emaar Development falls short of offer price

(Xinhua - 11/22/2017 2:17:00 PM)

The initial listing price of Emaar Development, the property development business of the biggest United Arab Emirates (UAE) real estate company Emaar Properties, fell sharply at the start of its first listing day on Wednesday. It traded initially at 5.73 ...

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