Market News

Oman's share index rises marginally

(Times of Oman - 5/15/2018 8:16:00 AM)

Muscat Securities Market (MSM) general index on Monday added 3.10 points, comprising a rise by 0.07 per cent to close the trading session at 4,689.66 points, compared to the last session, which stood at 4,686.56 points.

The trading value on ...

Traders resort to select bargain-buying on DFM

(Gulf News - 5/15/2018 7:49:00 AM)

Traders resorted to select bargain-buying in Dubai stocks at key support zones, with the Dubai Financial Market (DFM) General index closing 0.45 per cent higher at 2,905.03.

Emaar Properties ended the session 1.21 per cent higher at Dh5.03. ...

QSE sheds bearish trend as foreign, domestic institutions turn bullish

(Gulf Times - 5/14/2018 8:21:00 AM)

The Qatar Stock Exchange opened the week stronger, after reaming under bearish spell for the previous three sessions, as foreign and domestic institutions turned bullish.

Strong buying, particularly in the real estate and industrials counters, ...

Oman share index ends marginally higher

(Times of Oman - 5/14/2018 8:18:00 AM)

The MSM30 Index ended the day at 4,686.56 points, up 0.11 per cent. The MSM Sharia Index advanced 0.52 per cent to close at 665.60 points. Al Madina Takaful was the most active in terms of volume while Ooredoo led in terms of turnover. Oman Qatar ...

Damac Properties lists $400m sukuk on Nasdaq Dubai

(Gulf News - 5/14/2018 6:14:00 AM)

Nasdaq Dubai said it listed $400 million (Dh1.4 billion) sukuk by Damac Real Estate Development.

The Sukuk was sold to investors in the Middle East, Europe and Asia reflecting Damac Properties’ international profile. It is the third Sukuk ...

Best-performing Tadawul index jumps 1% ahead of MSCI review

(Gulf News - 5/14/2018 6:07:00 AM)

Saudi Arabia’s Tadawul index jumped 1 per cent above the 8,000 level, its highest level in a month, on brisk buying in blue-chips. The index rose to a high of 8,022.83, the level last seen on April 16, before trading 1.33 per cent higher to 8,019.89. The ...

Bahrain Bourse lists BD300 Million Government Development Bond

(Biz Bahrain - 5/14/2018 5:58:00 AM)

Bahrain Bourse announced the listing of the Government Development Bond – Issue No. 16 that has been issued by the CBB on behalf of the Government of Bahrain through registered brokers at Bahrain Bourse. The bond will be traded under the symbol ...

Saudi Arabia equity market set for strong rally

(Trade Arabia - 5/14/2018 5:33:00 AM)

The Saudi equity market is gaining momentum as it heads for possible inclusion in MSCI’s influential emerging market index in 2018, following the FTSE upgrade as an emerging market last month, said an industry expert.

“This rally is underpinned ...

UAE markets: Sellers remain in control

(Gulf News - 5/13/2018 8:21:00 AM)

Once again the Dubai Financial Market General Index (DFMGI) ends the week with a loss, at a new trend low, and near the low for the week. This was the fourth consecutive week that the index has closed lower. There’s only been two weeks in the past 12 ...

MSM30 down despite healthy fundamentals

(Oman Daily Observer - 5/13/2018 7:50:00 AM)

Ignoring the strong fundamentals and the good performance of most of its listed companies, in addition to the recent rally in oil prices (Oman Oil) which reached its highest level since November 2014, MSM30 declined in the last week by 0.93 per cent at ...