Market News

Saudi’s Tadawul index sees biggest daily gain in 2018

(Gulf News - 3/9/2018 4:55:00 AM)

Saudi Arabia’s Tadawul index jumped nearly 1.5 per cent, it’s the biggest gain in 2018 after banks surge as the gauge outperformed the other regional peers.

The Tadawul index was 1.46 per cent higher at 7,562.11.

“Global investors are ...

Oman shares end lower on selling pressure

(Times of Oman - 3/8/2018 6:10:00 AM)

Selling pressure on telecom stocks led the MSM30Index to close at 4928.10 points, down by 0.39 per cent. MSM Sharia Index ended at 701.32 points, down by 0.42 per cent. DIDIC was the most active in terms of volume while Omantel was the most active in ...

Emirates to meet investors ahead of possible sukuk issuance

(Gulf News - 3/8/2018 5:48:00 AM)

Emirates airline mandated local and international banks to arrange a global investor roadshow ahead of a possible sukuk issuance, the carrier said on Wednesday.

Emirates said it mandated Citi and Standard Chartered Bank as global coordinators ...

Dubai index falls below key 3,200 level

(Gulf News - 3/8/2018 5:39:00 AM)

The Dubai benchmark index on Wednesday breached the key trendline support of 3,200 amid a sell-off triggered by absence of fresh leads.

The Dubai Financial Market General Index closed 0.72 per cent lower at 3,181.96 on Wednesday after trading ...

Brokerage House Securities joins Nasdaq Dubai

(Gulf News - 3/8/2018 5:38:00 AM)

Brokerage House Securities (BHS) has joined Nasdaq Dubai’s rapidly expanding derivatives market as a member, to enable its clients to trade futures on equity indices and single stocks.

The move by BHS into UAE equity futures supports the ...

DFM joins 61 exchanges for gender equality

(The Gulf Today - 3/8/2018 5:21:00 AM)

As part of its active role in promoting gender equality and empowering women in the capital markets sector, the Dubai Financial Market (DFM) has hosted a bell ringing ceremony in celebration of the International Women’s Day.

The DFM has joined ...

Oman’s share index falls on selling pressure

(Times of Oman - 3/7/2018 6:09:00 AM)

Selling pressure in Ominvest and dividend adjustment on Oreedoo Oman led the MSM30 Index to close at 4947.40 points, down by 0.81 per cent. MSM Sharia Index ended at 707.21 points, marginally down by 0.26. Ominvest was the most active in terms of volume ...

QSE’s first ETF evokes huge market response

(The Peninsula - 3/7/2018 6:02:00 AM)

Riding a wave of popularity in the global market, the Qatar Stock Exchange (QSE) yesterday listed the market’s first Exchange Traded Fund (QETF) on the bourse under the ticker ‘QETF’.

Investors looking for exposure to Qatari market, but wanted ...

Selling seen on select counters in Dubai

(Gulf News - 3/7/2018 5:58:00 AM)

Selling was seen in select counters in Dubai, while the Abu Dhabi index found itself weighed down by weakness in First Abu Dhabi Bank (FAB) stocks. Shares of Emaar Properties, Emaar Development, Tabreed, Shuaa Capital, Arabtec, Gulf Finance House (GFH) ...

Saudi bourse courts foreigners as it readies for Aramco IPO

(Gulf News - 3/7/2018 5:56:00 AM)

Saudi Arabia’s stock market is on a charm offensive as it prepares for what could be the world’s largest initial public offering. The exchange, known as Tadawul, aims to boost foreign ownership of equities to as much as 25 per cent in at least the next ...