Market News

ADX index gains most in a week

(Gulf News - 7/11/2018 7:39:00 AM)

The Abu Dhabi index rose more than 1 per cent on Tuesday, its biggest daily gain since July 1, even as traders resorted to broad-based buying ahead of the second quarter results.

The Abu Dhabi Securities Exchange general index closed 1.12 per ...

Saudi Arabia’s Leejam Sports to offer shares next month

(Arab News - 7/10/2018 7:57:00 AM)

Saudi Arabian sports and fitness business Leejam Sports Co. will offer 30 percent of its existing shares in a public offering (IPO) next month, according to a prospectus on the Saudi bourse website.

The listing is the latest in what is expected ...

Fund focused on Saudi stocks beats all emerging market peers

(Gulf News - 7/10/2018 7:39:00 AM)

An exchange-traded fund tracking Saudi Arabian shares has delivered the biggest return among peers so far this year as investors anticipate an upgrade of the Middle East’s biggest economy to emerging markets status.

The iShares MSCI Saudi ...

Oman share index ends marginally lower

(Times of Oman - 7/10/2018 7:39:00 AM)

The MSM30 index closed on a flat note at 4517.27 points, down by 0.06 per cent. MSM Sharia Index closed at 642.55 points, down by 0.07 per cent. Bank Nizwa was the most active in terms of volume and Bank Muscat was most active in terms of turnover. The ...

DSI recovers lost ground in ranged Dubai market

(Gulf News - 7/10/2018 7:34:00 AM)

Drake and Scull International (DSI) shares recovered some lost ground in an otherwise dull Dubai market. DSI shares rose more than 10 per cent to close at Dh0.702.

Traders were selling shares of DSI over the past few weeks amid margin call ...

QSE H1 trade turnover keeps rising over last 3 years

(Gulf Times - 7/9/2018 8:01:00 AM)

The Qatar Stock Exchange (QSE), which is ranked second in performance and capitalisation among the Gulf Co-operation Council (GCC) bourses, witnessed trade turnover registering continuous increases in the first half (H1) over the last three ...

Oman share index ends lower

(Times of Oman - 7/9/2018 7:56:00 AM)

The MSM30 index ended lower on Sunday and closed at 4520.02 points, down by 0.08 per cent. MSM Sharia Index closed at 643.00 points, down by 0.45 per cent. Bank Muscat was the most active in terms of volume and in terms of turnover. The top gainer of the ...

DFM index bound in narrow ranges amid lack of catalysts

(Gulf News - 7/9/2018 7:42:00 AM)

The UAE’s main bourse indices continued to trade within narrow ranges, moving sideways on Sunday amid a lack of catalysts to spur buying or selling activity.

The Dubai Financial Market (DFM) index inched up 0.17 per cent to close at 2,885.35 as ...

UAE markets stabilise

(Gulf News - 7/8/2018 7:36:00 AM)

The Dubai Financial Market General Index (DFMGI) rose by 59.42 or 2.11 per cent last week to end at 2,880.42. This was the first positive week in four. There were 28 advancing issues and 11 declining, while volume dipped slightly below the previous ...

Calm MSM trading ahead of results season

(Oman Daily Observer - 7/8/2018 7:31:00 AM)

The last week saw sluggish trading (excluding the special deal on Dhofar Tourism). The investment activities were calm ahead of initial 1H 2018 results, which reflect investor caution. There was also selling pressure on a number of leading ...