Market News

Major listed firms in Oman register better-than-expected financial res

(Times of Oman - 10/19/2017 6:39:00 AM)

Companies listed on the Muscat Securities Market (MSM) have posted ‘better than expected’ financial results for the first nine months of 2017, according to stock market analysts. Although all companies are yet to announce their results, the companies ...

Kuwait’s stocks extend gains,volume rebounds–Jazeera Airways up 20 Fil

(Arab Times - 10/19/2017 6:15:00 AM)

Kuwait stocks extended gains into second day on Tuesday, helped by rebound in technology shares. The main index advanced 12.34 points in choppy trading to close at 6,648.3 points. The KSX-15 benchmark rose 1.28 points to 1,008.41 points and the weighted ...

Tadawul All Share Index down 0.72%

(Saudi Gazette - 10/19/2017 6:08:00 AM)

Saudi Arabia stocks were lower after the close on Wednesday, as losses in the Retail, Agriculture & Food and Hotels & Tourism sectors led shares lower. At the close, the Saudi stock benchmark Tadawul All Share Index declined 0.72%. The best performers of ...

Manufacturing in the GCC can power economic growth

(The National - 10/18/2017 7:28:00 AM)

As Arabian Gulf nations march inexorably forward towards economic diversification, one sector is receiving particular attention. Manufacturing is a growth-focus for several GCC governments because of its potential to grow non-oil GDP and steer countries ...

Abu Dhabi bourse introduces technical short-selling

(Gulf Times - 10/18/2017 7:26:00 AM)

Abu Dhabi Securities Exchange (ADX), which has a market capitalisation exceeding Dh400 billion, said on Tuesday it had launched technical short-selling (TSS) services as part of efforts to boost waning liquidity and attract more foreign investors. The ...

Dubai index slips as Emaar, DIB extend losses

(Gulfnews - 10/18/2017 7:11:00 AM)

Emaar Properties and Dubai Islamic Bank (DIB) extended losses on Tuesday, pushing the Dubai Financial Market (DFM) index into negative territory. The DFM General Index shed 0.39 per cent to close at 3,643.37 as both Emaar and DIB continued to slide. ...

ADX launches Technical Short Selling service

(The Gulf Today - 10/18/2017 6:55:00 AM)

Abu Dhabi Securities Exchange, (ADX), on Tuesday announced the launch of its latest investment service ‘Technical Short Selling’ (TSS), an addition to the existing suite of services and products provided by ADX to investors through brokerage firms. The ...

Nasdaq Dubai signs licence agreement with MSCI

(CPI Financial - 10/17/2017 12:31:00 PM)

The development is significant in the light of the growing importance of the region as an attractive investment destination for international investors seeking exposure to high growth emerging markets such as the UAE. Nasdaq Dubai has signed a licence ...

Margin trading makes a comeback on Dubai bourse

(The National - 10/17/2017 8:01:00 AM)

Margin trading is making a comeback on Dubai’s stock exchange, picking up from ­all-time lows, in a sign of ­reviving investor confidence in the emirate’s listed companies. Such an uptick, if ­it can be ­sustained, could help to push the market’s ...

Muscat bourse reacts on profit booking

(Times of Oman - 10/17/2017 7:55:00 AM)

Weakness in banking and telecom stocks weighed on the MSM30 Index, which closed at 5,095.29 points, down by 0.85 per cent. Profit booking in heavy weight stocks also pulled down the Muscat bourse on Monday. The MSM Sharia Index retreated 0.32 per cent to ...