Market News

Mild selling seen on DFM

(Gulfnews - 12/6/2017 6:05:00 AM)

Stocks on the Dubai bourse witnessed mild selling on Tuesday even as traded value tumbled compared to last week. Gulf Finance House closed 2.96 per cent lower at Dh1.64. Drake and Scull closed 1.58 per cent lower at Dh1.87. Emaar Properties closed 1.80 ...

Last day for retail to subscribe for Adnoc unit IPO

(Gulfnews - 12/6/2017 6:04:00 AM)

The last day to subscribe to the Adnoc Distribution share sale is on Wednesday and Thursday for retail and qualified investors respectively, before it gets listed on Abu Dhabi Securities Exchange next week on December 13. The Adnoc unit is looking to ...

Saudi stock index up for ninth straight day

(Saudi Gazette - 12/5/2017 7:55:00 AM)

Saudi Arabia’s stock benchmark Tadawul All Share Index rose for a ninth straight day to 7,103 points in active trade, confirming a break above its 200-day average, now at 7,015 points. Cement firms were among the strongest Saudi stocks on Monday; ...

Tadawul hires Nasdaq for tech ‘transformation’

(Arab News - 12/5/2017 7:53:00 AM)

The Saudi Stock Exchange has taken a major step toward transforming its financial infrastructure after signing a deal with Nasdaq, the US market based in New York. Tadawul, the Riyadh-based market, on Monday announced an agreement with the US group to ...

UAE indexes rise as investors seize upon rosy outlook

(The National - 12/5/2017 7:50:00 AM)

UAE shares rose yesterday as trading resumed following holidays for Commemoration Day and National Day, with investors looking to the global positive trading outlook and the fact that some blue chips may have been oversold as cues to buy. Indexes across ...

DFM, Shurooq sign MoU for cooperation

(The Gulf Today - 12/5/2017 7:33:00 AM)

Dubai Financial Market (DFM) on Monday announced it has signed a Memorandum of Understanding (MoU) with the Sharjah Investment and Development Authority (Shurooq), creating the necessary foundation for an extensive cooperation between the two sides. The ...

Tadawul Signs Post-Trade Technology Transform. Agreement with NASDAQ

(Tadawul - 12/4/2017 10:44:00 AM)

The Saudi Stock Exchange (Tadawul) and NASDAQ have officially signed an agreement to transform Tadawul’s Post-Trade technology infrastructure, that includes registry, depository and risk management technologies. In addition to the Post-Trade area, NASDAQ ...

Tadawul stocks rise for eighth day

(Arab News - 12/4/2017 8:00:00 AM)

Saudi Arabia’s stock market, known as the Tadawul, rose for an eighth straight day in active trade on Sunday, climbing above technical resistance, as sentiment was helped by hopes for an end to the conflict in Yemen. Former Yemeni president Ali Abdullah ...

Qatar stock index gains 42.29 points

(The Peninsula - 12/4/2017 7:39:00 AM)

Qatar Stock Exchange (QSE) index gained 42.29 points (+0.55 percent) when the bourse closed trading at 7,756.55 points Sunday. The volume of shares traded decreased to 8,094,684 from 11,822,157 on Thursday and the value of shares decreased to QR ...

Tadawul index jumps over 1% to hit 2-months high of over 7,000

(Gulfnews - 12/4/2017 7:36:00 AM)

Saudi stocks jumped more than 1 per cent on Sunday to hit its highest level in nearly two months as the index breached a key resistance after the Opec and non Opec members agreed to extend output cuts through the end of next year. The Tadawul all share ...