Market News

Saudi stocks jump on optimistic comments by regulator

(Arab News - 6/20/2017 12:59:00 AM)

Saudi Arabia’s stock market surged on Monday after a regulatory official was quoted as predicting the bourse would enter MSCI’s emerging market index sooner than most investors had expected. Mohammed El-Kuwaiz, vice chairman of the Capital Market ...

Qatar stock index drops 69.81 points

(The Peninsula - 6/19/2017 8:09:00 AM)

Qatar Stock Exchange (QSE) benchmark index dropped 69.81 points, or 0.75 percent, when the bourse closed trading at 9,188.09 points yesterday. The volume of shares traded decreased to 9.79 million from 26.66 million on Thursday and the value of shares ...

Saudis expect entry to MSCI index by 2019

(The National - 6/19/2017 2:26:00 AM)

Saudi Arabia is expected to be upgraded by MSCI to emerging market status by mid-2019, a move that will unleash as much as US$50 billion in foreign capital inflows with a trickle-down effect to the Mena region, experts said. MSCI will decide this Tuesday ...

Dwindling volumes hit UAE stocks

(The National - 6/19/2017 2:25:00 AM)

UAE stocks ended slightly lower on Sunday. Trading volumes dwindled across the Arabian Gulf during the final week of Ramadan. The Dubai Financial Market General Index had its quietest day in two weeks, closing 0.4 per cent lower at 3,444.13. Emaar ...

Oman shares open week on a stable note

(Times of Oman - 6/19/2017 2:18:00 AM)

Oman’s benchmark MSM30 Index opened the week on a stable note and closed at 5,249.24 points, up 0.02 per cent. The MSM Sharia Index increased 0.13 per cent to end at 774.59 points. Al Madina Investment was the most active in terms of volume while Bank ...

Dana Gas shares tumble, most actively traded on ADX

(Gulfnews - 6/19/2017 2:12:00 AM)

Dana Gas shares tumbled on the Abu Dhabi Securities Exchange after rising swiftly for a couple of weeks, making it the most actively traded name on the bourse. Union Properties led gains in Dubai. Dana Gas shares tumbled 4 per cent to close at Dh0.70, ...

Investors shun Qatari stocks as uncertainty persists

(Gulfnews - 6/19/2017 2:09:00 AM)

Investors have shunned Qatari stocks even as traded volumes have tumbled and analysts see a more grinding move to the downside. The Qatar Stock Exchange index has been witnessing selling pressure, with investors in panic mode after Saudi Arabia and the ...

Dhs2.4b of assets run by 24 UAE venture capital funds

(The Gulf Today - 6/19/2017 1:42:00 AM)

A total of 24 venture capital funds have been incorporated by the Securities and Commodities Authority, SCA, by the end of 2016, running assets of more than Dhs2.4 billion, according to SCA statistics. Most of these funds are affiliated to local banks ...

Cheaper oil depresses most of Gulf but MSCI hopes buoy Saudi stocks

(Arab News - 6/19/2017 1:26:00 AM)

Most major Gulf stock markets fell on Sunday because of weak oil prices, but hopes that Saudi Arabia will join MSCI’s group of emerging markets, which would trigger billions of dollars of fund inflows, buoyed that market. MSCI will announce late on ...

Property, minority holders keep Dubai stocks down

(Gulf Times - 6/18/2017 1:22:00 AM)

Stocks are cheap and the economy is booming, but Dubai’s equity market may not recover from a severe slump until it has overcome two weaknesses: its exposure to weak property prices, and gloom among minority shareholders who have little say in listed ...