Market News

Saudi Arabia’s stocks rise for third day on Al Rajhi gains

(The National - 8/21/2017 7:14:00 AM)

Stocks in Saudi Arabia, the region’s biggest equity market, rose for a third day boosted by gains in the kingdom’s largest lender by market capitalisation. Benchmark indexes in other GCC markets also edged higher in sluggish trade with the exception of ...

Qatar gains as Gulf stocks find support from robust oil price

(Gulf Times - 8/21/2017 7:11:00 AM)

The Qatar index rose 0.3% to 9,134 points yesterday, as most stock markets in the Gulf rose modestly, lifted by a rally in oil prices at the end of last week. Three small to mid-sized Saudi Arabian insurers fell sharply after they were slapped with a ...

Shares on Muscat bourse recover on scattered support

(Times of Oman - 8/21/2017 6:09:00 AM)

The MSM30 Index opened the week on a positive note to close at 4,913.19 points, a gain of 0.49 per cent. MSM Sharia Index ended at 729.30 points, up 0.34 per cent. Phoenix Power was the most active in terms of volume while Al Ahlia Insurance led in terms ...

Non-stop buying seen in Union Properties in firm Dubai market

(Gulfnews - 8/21/2017 5:50:00 AM)

Traders were seen accumulating shares of Union Properties on Sunday, continuing a trend seen last week, Union Properties despite registering a loss in the first quarter has gained 16 per cent in the last four sessions. The stock closed 4.3 per cent ...

Tadawul lists new Reit

(Gulfnews - 8/21/2017 5:48:00 AM)

The Saudi Stock Exchange Company (Tadawul) announced the listing and trading units of Osool & Bakheet Investment Company’s Real Estate Investment Traded Fund (Reit). The Reit will carry a symbol of 4334 in the Real Estate Investment Traded Funds sector, ...

Investors anticipate Saudi equity market bonanza

(Saudi Gazette - 8/21/2017 5:38:00 AM)

The Saudi equity market is set for a boost as it heads for possible inclusion in MSCI’s influential emerging market index in 2018. “In the meantime, active investors could reap early gains as corporate earnings should start increasing this year,” said ...

Gulf stock markets find help from oil price rally

(Saudi Gazette - 8/21/2017 5:35:00 AM)

Most stock markets in the Gulf rose modestly on Sunday, lifted by a rally in oil prices at the end of last week, while three small to mid-sized Saudi Arabian insurers fell sharply after they were slapped with a temporary ban by the central bank. Saudi ...

Tadawul Announces the Listing of Al Ma’ather REIT

(Tadawul - 8/20/2017 1:25:00 PM)

Tadawul Announces the Listing Osool & Bakheet Investment Company’s “Al Ma’ather REIT” The Saudi Stock Exchange Company (Tadawul) announces the listing and trading units of Osool & Bakheet Investment Company’s Real Estate Investment Traded Fund “AL ...

Technical analysis of the QSE index

(Gulf Times - 8/20/2017 6:18:00 AM)

The Index closed down another week, this time by 1.48% from the week before and now it sits at 9,106.19. Weakness continued but the good news is that the Index reached around the 9,000 level which we have expected and it is considered as a strong ...

Qatar bourse to introduce short selling soon

(The Peninsula - 8/20/2017 5:56:00 AM)

Qatar Stock Exchange (QSE) CEO Rashid bin Ali Al Mansoori has said the bourse is currently working on a series of reforms, including the introduction of short selling, to help further boost the market liquidity. Qatar stock market is open for GCC and ...