Market News

Oil prices help Gulf rise, Saudi petchems strong

(Reuters - 12/12/2017 6:29:00 PM)

Middle East stock markets mostly rose on Tuesday after the shutdown of a North Sea pipeline pushed Brent oil above $65 a barrel for the first time since mid-2015. The Saudi stock index gained 0.3 percent, with petrochemical companies, whose profit ...

Nasdaq Dubai to launch Adnoc Distribution, Emaar Malls futures

(Gulf News - 12/12/2017 3:10:00 PM)

Nasdaq Dubai said it will launch futures contracts for Abu Dhabi National Oil Company (Adnoc) for Distribution and Emaar Malls. The move will enable investors to take positions on movements in the share prices of the two companies in coming months. Adnoc ...

Oman shares decline on weak sentiments

(Times of Oman - 12/12/2017 7:44:00 AM)

Weakness in financial sector weighed on the MSM30 Index, which closed at 5,041.06 points, down 0.43 per cent. The MSM Sharia Index closed at 709.51 points, down 0.12 per cent. National Life was the most active in terms of volume as well as turnover. ...

Saudi Arabia drives IPO market in the Mena region

(Times of Oman - 12/12/2017 7:42:00 AM)

The Middle East and North Africa (Mena) region witnessed five initial public offerings (IPOs) deals in the third quarter of 2017, representing a 400 per cent increase when compared to the single IPO recorded in the same period of 2016. Announced Mena ...

Record Dubai budget fails to impress local stock market traders

(Gulfnews - 12/12/2017 7:39:00 AM)

Dubai index traded marginally higher on Monday, as traders failed to price in the record budget, which was focused on Expo 2020. The Dubai Financial Market General Index witnessed unimpressive performance by closing 0.55 per cent higher at 3,414.05, a ...

Bahrain issues ETF regulations

(News of Bahrain - 12/11/2017 1:55:00 PM)

The Central Bank of Bahrain (CBB) has released directives for both offshore and locally domiciled Exchange-Traded Funds (ETFs), as part of the its commitment to further enhance the Collective Investment Undertakings (“CIUs”) in the Kingdom of Bahrain ...

Saudi Arabia leads region's IPO drive

(Arabian Business - 12/11/2017 1:50:00 PM)

Economies picking up the pace, particularly in Saudi Arabia, are helping initial public offerings (IPO) come online, according to the latest sector report from Ernst and Young (EY). The third quarter of the year yielded five IPOs, an increase of four ...

Wary Saudis Need Better News on Economy to Snap Stock-Sale Habit

(Bloomberg - 12/11/2017 9:31:00 AM)

Saudi authorities are changing market regulations to attract foreign investors to the country’s stock market. Those changes haven’t enticed local individuals to buy shares. Net sales of Saudi stocks by retail, high-net-worth and individual professional ...

Saudi Arabia drives MENA IPO activity in Q3 2017: EY

(Saudi Gazette - 12/11/2017 6:40:00 AM)

The Middle East and North Africa (MENA) region witnessed five IPO deals in the third quarter of 2017, representing a 400% increase when compared to the single IPO recorded in Q3 2016. Announced MENA value, or capital raised, reached $236.7 million in Q3 ...

Saudi and Egypt lead Mideast market rally

(Arab News - 12/11/2017 6:35:00 AM)

Major Gulf stock markets rose on Sunday in line with strength in global bourses at the end of last week, with Saudi Arabia and Egypt leading. The Saudi index rose 0.8 percent to 7,145, bouncing for a second straight day from technical support around ...