Market News

CMA approves Public Warehousing share offer

(Saudi Gazette - 8/20/2017 5:51:00 AM)

The Saudi Capital Market Authority Board has issued its resolution on Aug. 18 approving the prospectus of Public Warehousing Company and the offering of 1,286,000 shares representing 30% of the company's share capital. The offer will be confined to ...

Investors in search of yields look at GCC bonds

(Gulfnews - 8/19/2017 6:12:00 AM)

Amid near-zero interest rates, investors in search of elusive yields are increasingly looking at bonds in the Gulf cooperation Council. The US Federal Reserve gradually started to raise rates in the second half of 2016; however, other markets such as the ...

Oman shares fall on weak investor sentiment

(Times of Oman - 8/17/2017 6:13:00 AM)

Weakness in index large capitalised shares continued to drag down the MSM30 Index, which closed at 4,912.57 points, down 0.53 per cent. MSM Sharia Index ended at 727.05 points, down 0.19 per cent. Due to a special deal, Omantel was the most active in ...

Saudi Arabia plans to launch second local currency sukuk issuance

(Gulfnews - 8/17/2017 6:05:00 AM)

Saudi Arabia plans to launch the second issue of its local currency sukuk programme during the week beginning on August 20, the ministry of finance said on Wednesday. Saudi Arabia made its first offer of riyal-denominated sukuk, or Islamic bonds, in late ...

Arabtec, GFH see pull back in steady Dubai market

(Gulfnews - 8/17/2017 6:04:00 AM)

Arabtec, Gulf Finance House witnessed recovery on Wednesday as the share prices reached a key support level. Arabtec closed 2.48 per cent higher at Dh3.31. Gulf Finance House closed 2.86 per cent higher at Dh1.8. The Dubai Financial Market General Index ...

Kuwait bourse retreats into red;volume jumps–NBK dips 4 fils;Zain gain

(Arab Times - 8/17/2017 5:49:00 AM)

Kuwait stocks pulled lower on Tuesday reversing last session’s gains as profit taking kicked in. The bourse dropped 15.61 pts in volatile session to 6,843.66 points even as the overall sentiment remained fickle. The KSX 15 gauge eased 0.8 points to ...

Most regional stocks end losing streak but Qatar down after data

(Saudi Gazette - 8/17/2017 5:43:00 AM)

Most regional stock markets rose on Wednesday, with Egypt ending a six-day losing streak, but trading volumes were thin in the absence of major new catalysts for investors. In Saudi Arabia, the stock benchmark Tadawul All Share Index rose 0.4 percent. ...

Most Middle East markets up, Qatar index sinks 1.2%

(Arab News - 8/17/2017 5:40:00 AM)

Most Middle Eastern stock markets rose on Wednesday, with Egypt ending a six-day losing streak, but trading volumes were thin in the absence of major new catalysts for investors. The Dubai index rose 0.3 per- cent as GFH Financial, the most active stock, ...

Muscat bourse falls on weak investor sentimen

(Times of Oman - 8/16/2017 7:28:00 AM)

Shares on the Muscat bourse declined on lack of buying support even at lower levels. The MSM30 Index had a negative session with a loss of 0.78 per cent and closed at 4,938.53 points. MSM Sharia Index declined by 0.69 per cent to end at 728.45 points. ...

Late buying triggers partial recovery in GFH shares

(Gulfnews - 8/16/2017 7:09:00 AM)

Shares of Gulf Finance House (GFH) recovered partially in the last hour of trade due to bargain buying along with the wider index due to buying in some property counters. Gulf Finance House closed 4.97 per cent lower at Dh1.72, after it recovered from ...