Market News

CMA APPROVES ALLOTMENT OF OQIC SHARES

(Muscat Daily - 10/16/2017 9:14:00 PM)

The Capital Market Authority (CMA) approved the allotment of the shares of Oman Qatar Insurance Co (OQIC), according to an Oman News Agency report. The initial public offering (IPO) of OQIC was closed on October 5. Retail investors have been allotted 100 ...

Salama shares shine in steady Dubai market

(Gulf News - 10/16/2017 6:34:00 PM)

Islamic Arab Insurance Company or Salama shares extended gains for another session on Monday, in a steady Dubai market. The Abu Dhabi index edged higher. Islamic Arab Insurance Company or Salama closed 6.07 per cent higher at Dh0.559, building on 14 per ...

CMA approves listing of Muscat Capital's "Al Masha’ar REIT"

(Tadawul - 10/16/2017 4:07:00 PM)

The Capital Market Authority announces that it has issued its resolution approving "Muscat Capital" request to offer, register and list "Al Masha’ar REIT" units on the Saudi Stock Exchange (Tadawul) as Real Estate Investment Traded Fund. Terms and ...

Muscat bourse edges up

(Times of Oman - 10/16/2017 8:48:00 AM)

Shares on the Muscat Securities Market gained 10.42 points to close at 5,138.90 points amid scattered support from both retail and institutional investors. Several blue chip companies have announced their financial results for the third quarter and a ...

Emaar, DIB force Dubai index into reverse gear

(Gulfnews - 10/16/2017 8:33:00 AM)

Emaar Properties and Dubai Islamic Bank (DIB) dragged the Dubai Financial Market (DFM) index lower yesterday after the gauge faced stiff resistance at upper levels. The DFM General Index closed at 3,657.54, shedding 0.07 per cent to fall from an ...

Tadawul All Share Index down 0.71%

(Saudi Gazette - 10/16/2017 8:19:00 AM)

Saudi Arabia stocks were lower after the close on Sunday, as losses in the Energy & Utilities, Real Estate Development and Building & Construction sectors led shares lower. At the close, the Saudi stock benchmark Tadawul All Share Index fell 0.71%. The ...

OQIC IPO ‘comfortably oversubscribed’

(Gulf Times - 10/15/2017 3:41:00 PM)

Oman Qatar Insurance Company (OQIC), a leading insurance company in Oman and a subsidiary of Qatar Insurance Company (QIC) has announced successful closure of the initial public offering of 25% of its total share capital. This translates into 25mn ...

Technical analysis of the QSE index

(Gulf Times - 10/15/2017 7:52:00 AM)

The Index managed to close in the green and gained 2.58% from the week before; it has been down for the past 10 weeks. The 8,000 level proved to be a strong support and the Index created a bullish engulfing candlestick pattern. Consequently, we expect ...

Future looking brighter for UAE markets

(Gulf News - 10/14/2017 4:27:00 PM)

Last week the Dubai Financial Market General Index (DFMGI) jumped by 69.1 or 1.93 per cent to end at 3,660.27, its strongest performance in 13 weeks. Most issues were positive as 30 advanced and only five declined, while volume popped to a seventeen-week ...

Qatar shares extend gains as foreign institutions buy

(Gulf Times - 10/13/2017 10:06:00 PM)

Foreign institutions’ sustained strong buying on Thursday lifted the Qatar Stock Exchange for the fifth consecutive day, albeit at lower levels. The insurance, banking and telecom counters witnessed stronger demand as the 20-stock Qatar Index gained 0.1% ...