Market News

MSM30 declines due to foreign institutional selling pressures

(Oman Daily Observer - 12/16/2018 7:10:00 AM)

Calm trades, some deals, shifting positions and entry of local individuals, were some of the key highlights of market trends over the previous week. MSM30 closed the week down by 2.21 per cent at 4,448.11. All sub-indices closed down led by the Financial ...

Foreigners can own, trade local bank shares in Kuwait

(Arab Times - 12/16/2018 6:46:00 AM)

The Kuwaiti Ministry of Commerce and Industry has issued a decision allowing foreign investors to own and trade in Kuwaiti banks’ shares. But the approval of the Central Bank of Kuwait (CBK) should be obtained, if ownership exceeds five percent of the ...

Late buying in Emaar gives Dubai index a lift

(Gulf News - 12/13/2018 7:17:00 AM)

The Dubai Financial Market (DFM) general index extended gains for a second straight day, closing 1.5 per cent higher at 2,573.45 on strong buying in Emaar Properties in the last 30 minutes of trade.

“Today’s session [Wednesday] could either ...

Oman’s share index ends lower

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

Selling pressure from foreign investors kept MSM stocks in the negative territory. The benchmark MSM30 Index closed at 4,497.64 points, down by 0.13 per cent. MSM Sharia index closed at 614.92 points, a marginal gain of 0.07 per cent. Phoenix Power was ...

QSE issues guidelines for first day trading of Qamco shares

(The Peninsula - 12/12/2018 6:54:00 AM)

Qatar Stock Exchange informed all brokers and investors that an un-priced orders must not be entered into the trading system during the preopening of Qatar Aluminium Manufacturing Co (from 8.30am to 09.30am) on its first day of trading, Sunday 16th ...

Dubai index sees temporary bounce

(Gulf News - 12/12/2018 6:53:00 AM)

Dubai index witnessed a temporary bounce on Tuesday as traders resorted to mild buying.

The Dubai Financial Market General index closed 1.42 per cent higher at 2,535.46, after losing 300 points or 10.38 per cent in the past 22 sessions. “Any ...

DFM briefs businesses about ‘Second Market’ opportunity

(The Gulf Today - 12/12/2018 6:44:00 AM)

The Dubai Financial Market (DFM), has organised a roundtable about the listing opportunity on its ‘Second Market’ Platform, in cooperation with the Dubai Chamber of Commerce and Industry and the Dubai Entrepreneurs Council.

The discussions ...

Oman’s share index ends lower

(Times of Oman - 12/11/2018 6:31:00 AM)

Selling pressure in Services Sector stocks pulled down the MSM30 Index by 0.97 per cent before closing at 4,503.49 points. MSM Sharia index closed at 614.48 points, down by 0.56 per cent. Galfar Engineering was the most active in terms of volume while ...

Emaar’s margin pressure engulfs other stocks

(Gulf News - 12/11/2018 6:14:00 AM)

Margin pressure created by Emaar Properties, which has fallen over many sessions, is engulfing other stocks like Dubai Islamic Bank (DIB), Emaar Development and others.

Emaar Properties dipped below the keenly watched Dh4 mark on Monday, ...

Dubai Financial Market updates Sharia standards

(Gulf News - 12/11/2018 6:09:00 AM)

The Dubai Financial Market (DFM) has published updated Sharia standards in a move to bolster the regulatory framework supporting the Islamic capital markets sector.

The updated guidelines include the Standard on Shares, first issued in 2007, ...