Market News

Oman shares fall on subdued trading

(Times of Oman - 1/18/2018 6:09:00 AM)

Amid muted traded activity, the MSM30 Index remained subdued at 5,031.73 points, down 0.16 per cent. The MSM Sharia Index closed at 715.25 points, down 0.23 per cent. Al Madina Takaful was the most active in terms of volume while Bank Muscat led in terms ...

Listed firms need to boost disclosure: CMA chief

(Times of Oman - 1/18/2018 6:06:00 AM)

Omani companies listed on the Muscat bourse need to strengthen transparency and disclosure to attract more local and foreign funds to the market, which will help to boost trading volumes. “Whatever happens to the public companies should be disclosed to ...

DFM introduces ‘Allocation Account’ in region’s first

(Gulf News - 1/18/2018 6:00:00 AM)

The Dubai Financial Market said on Wednesday it has introduced a new mechanism that enables brokers to execute transactions through a combined account and allocate the proceedings into clients accounts within 45 minutes from the end of the trading ...

Dubai index rises as Union Properties see bulk deals

(Gulf News - 1/18/2018 5:58:00 AM)

Dubai index rose another half a per cent on Wednesday even as Union Properties witnessed bulk deals ahead of its unit IPO. The Dubai Financial Market General index closed 0.48 per cent higher at 3,542.44. Union Properties, which closed 0.91 per cent ...

ADGM enhances data protection regulations

(Gulf News - 1/18/2018 5:57:00 AM)

The Abu Dhabi Global Market (ADGM) has announced the enhancement of ADGM Data Protection Regulations and the launch of the Annual Data Protection Forum, following the establishment of the ADGM Office of Data Protection in December 2017. The market has ...

Portfolio of Abu Dhabi's The Residential REIT valued at $354m

(Construction Week Online - 1/17/2018 8:00:00 PM)

The Residential REIT, a Sharia'a- compliant residential real estate investment trust (REIT), revealed details of its portfolio value and its transactions with three entities. Incorporated by Abu Dhabi Global Market (ADGM) and managed by Equitativa (AD), ...

UAQ Coop offers 2.5 million stocks, open for public trade

(WAM - 1/17/2018 6:53:00 PM)

Umm Al Qaiwain Coop has offered 2.5 million stocks for public trade, to increase investment in its retail sector. An integral part of Union Coop and the UAE's largest consumer cooperative, Umm Al Qaiwain Coop will launch an Initial Public Offering from ...

Qatar stock market rebounds on strong oil, dividend

(The Peninsula - 1/17/2018 6:01:00 AM)

Qatar’s stock market rebounded yesterday, erasing a sharp fall suffered on the previous day on the back of strong oil prices after Brent crude rose above $70 a barrel for the first time since December 2014. The Qatari index had tumbled 2.5 percent on ...

Dubai index rises with Emaar Properties shares

(Gulf News - 1/17/2018 5:59:00 AM)

Emaar Properties rose along with Dubai index on Tuesday even as the Qatar index recouped losses. The Dubai Financial Market General Index closed at 3,525.59, up 0.85 per cent. Emaar Properties closed 1.53 per cent higher at Dh7.31. Emaar Malls closed ...

ADX inks MoU with SWIFT on blockchain

(Gulf News - 1/17/2018 5:55:00 AM)

The Abu Dhabi Securities Exchange (ADX) said it has signed a Memorandum of Understanding with the Society for Worldwide Interbank Financial Telecommunication (SWIFT) and seven leading global Central Securities Depository (CSD) companies to support the ...

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