Market News

Aggressive buying seen in insurance shares on DFM

(Gulf News - 7/16/2018 7:33:00 AM)

Traders resorted to aggressive buying in insurance shares as Dar Al Takaful hit an upper circuit for the second day in a row amid positive moves on the Dubai index.

Dar Al Takaful closed nearly 15 per cent higher at Dh0.885, bringing total ...

Chinese behind Dh900m trade on UAE bourses in 2017

(Gulf News - 7/16/2018 7:32:00 AM)

The number of Chinese investors active on UAE stock markets at the end of 2017 stood at 817, with turnover of Dh900 million. According to official figures, more than 15 Chinese investment institutions are active on UAE markets.

Chinese ...

GCC stock markets end mixed even as global indices rise

(Saudi Gazette - 7/15/2018 8:32:00 AM)

Stock markets in the GCC region ended on a mixed note Wednesday, Al Rajhi Capital said in a commentary.

Oman dropped 1.0%, while Qatar fell 0.4%, dragged down by banking shares. Dubai edged down 0.1%. However, Kuwait, Bahrain and Abu Dhabi ...

Outlook improving for UAE markets

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

Last week the Dubai Financial Market (DFM) General Index was essentially flat, up by 3.80 or 0.13 per cent to end at 2,884.22. However, market breadth seemed more decisive with 18 advancing issues and nine declining, while volume dipped to a three-week ...

MSM at level last seen nine years ago

(Oman Daily Observer - 7/15/2018 7:39:00 AM)

Pressures (some are justified) continue hitting the financial market, which saw its lowest level in more than nine years. Last week the benchmark index dropped by 1.83 per cent at 4,440.80 which can be attributed to factors such as companies results, ...

BHS completes first repurchase agreement transaction in DFM

(The Gulf Today - 7/15/2018 7:22:00 AM)

Brokerage House Securities, a subsidiary of KBBO Group, announced that it has collaborated with Dubai Financial Market to execute its first repurchase agreement on securities listed in local financial markets. The transaction will allow investors to ...

Oman share index ends lower

(Times of Oman - 7/12/2018 8:01:00 AM)

The MSM30 Index registered steepest daily decline in last 4 months and closed at 4,455.54 points, down by 0.95 per cent. MSM Sharia Index closed at 636.66 points, down by 0.57 per cent. Gulf Investment Services was the most active in terms of volume and ...

Kuwait index jumps most regionally

(Gulf News - 7/12/2018 7:58:00 AM)

Kuwait’s index saw its sharpest rally in a week, jumping the most in the region on Wednesday even as the Abu Dhabi index continued its good run compared to Dubai.

The Kuwait All Share Index closed 1.11 per cent higher at 5,236.27, after hitting ...

Kuwait Index upgrade soon

(Arab Times - 7/12/2018 6:58:00 AM)

Boursa Kuwait management met on Wednesday with MSCI representatives during their visit to Kuwait to engage with several key entities. The meeting took place after MSCI’s recent announcement to include the MSCI Kuwait Index in its 2019 Annual Market ...

Oman's share index declines marginally

(Times of Oman - 7/11/2018 8:03:00 AM)

Oman's benchmark MSM 30 Index lost 18.93 points, comprising a decline by 0.42 per cent to close the trading session at 4498.34 points, compared to the last session, which stood at 4517.27 points.

The report released by MSM pointed out that the ...