Market News

Strong interest as UAE oil giant lists retail arm

(Arab News - 12/14/2017 6:31:00 AM)

Investor interest was strong Wednesday as Abu Dhabi’s state energy company listed a stake in its retail distribution arm, the first time the emirate has sold shares in one of its oil firms. The Abu Dhabi National Oil Company said it had raised $845 ...

Muscat bourse recovers on better support

(Times of Oman - 12/14/2017 6:21:00 AM)

Boosted by strength in financials, the MSM30 Index closed at 5,066.49 points, up by 0.32 per cent. The MSM Sharia Index declined by 0.21 per cent to close at 707.62 points. Al Izz Bank was the most active in terms of volume while Bank Muscat led in terms ...

Emaar tumbles after dividend news, but other stocks unimpacted

(Gulfnews - 12/14/2017 6:16:00 AM)

Emaar Properties, which gave a lower than expected special dividend, tumbled more than 6 per cent on Wednesday, weighing on the Dubai index. But that did not impact the other stocks, which traded mixed, indicating a positive sentiment. Emaar Properties ...

Adnoc Distribution lists shares on ADX

(The Gulf Today - 12/14/2017 5:53:00 AM)

Abu Dhabi National Oil Company for Distribution (Adnoc Distribution), successfully listed its shares on the Abu Dhabi Securities Exchange (ADX), on Wednesday following a bell ringing ceremony led by Dr Sultan Bin Ahmad Sultan Al Jaber, Minister of State ...

AlJazira Mawten REIT announces the approval of Board to reduce rents

(Tadawul - 12/13/2017 11:56:00 AM)

Referring to the demand of existing tenants to reduce the rent and due to the current changes in the real estate market and based on the study and recommendations of the Director of Real Estate (Mawten Real Estate Co.) and recommend the reduction of ...

Adnoc Distribution shares surge on ADX debut

(The National - 12/13/2017 11:25:00 AM)

Adnoc Distribution shares began trading on the Abu Dhabi stock exchange (ADX), the bourse's first new stock listing for six years. The shares, which debuted at Dh2.5, surged by 16 per cent in the opening minutes of trading, and were up around 10 per cent ...

Oman shares recover on better support from lower levels

(Times of Oman - 12/13/2017 6:01:00 AM)

Shares on the Muscat Securities Market (MSM) recovered on better support at lower levels. The benchmark MSM30 Index ended on a positive note at 5,050.54 points, up 0.19 per cent. The MSM Sharia Index declined 0.06 per cent to close at 709.08 points. ...

Broad-based buying witnessed in UAE bourses

(Gulfnews - 12/13/2017 5:51:00 AM)

Broad-based buying was witnessed on Dubai bourse as the index witnessed a reversal from its key support zone. Dubai Islamic Bank provided the support to the index in absence of trading in Emaar Properties, whose board meeting on Tuesday approved the ...

UAE stock markets gain Dhs14.6 billion

(The Gulf Today - 12/13/2017 5:38:00 AM)

Upbeat sentiments continued for the third day running on UAE’s two main bourses, with trading companies gaining around Dhs7 billion on Tuesday, bringing to Dhs14.6 billion the total profits over three successive sessions. The Abu Dhabi Securities ...

Oman trades lower as Fitch cuts

(Reuters - 12/12/2017 6:52:00 PM)

Oman's bonds have dropped after a downgrade from Fitch on Monday night that has taken the sovereign close to high-yield territory. Oman's 2027s are off around 0.33pt at 101.189, according to Tradeweb, and its 2047s are down 0.25pt at 99.581, after Fitch ...