Market News

Adnoc Distribution and Emaar Development propel fourth quarter GCC listings

(The National - 3/5/2018 6:26:00 AM)

The combined value of initial public offerings (IPOs) in the Arabian Gulf surged to $2.5 billion (Dh9.18bn) in the fourth quarter of 2017, dwarfing the amounts raised in the same period last year as well as the third quarter of 2017, as IPO activity in ...

Oman share index ends marginally lower

(Times of Oman - 3/5/2018 6:15:00 AM)

The MSM30 Index ended lower at 5003.19 points, down by 0.17 per cent. MSM Sharia Index ended at 707.73 points, marginally down by 0.06 per cent. Sembcorp Salalah was the most active in terms of volume as well as turnover. Al Madina Takaful was the top ...

Thirty GCC companies to go public this year

(Times of Oman - 3/5/2018 6:13:00 AM)

In 2018, Saudi Arabia and the UAE are set to lead the way for IPOs, as nearly 30 GCC companies are expected to go public, Kuwait Financial Centre (Markaz) said in its recently released Monthly Market Report. The year 2017 witnessed a record 17 issues ...

Regulations issued for Real Estate Investment Funds

(Oman Daily Observer - 3/5/2018 5:44:00 AM)

The Capital Market Authority (CMA) has issued Administrative Decision No 2/2018 enshrining the regulations governing the introduction and management of Real Estate Investment Funds (REIFs) in the Sultanate. Also known as Real Estate Investments Trusts ...

Eight GCC IPOs raise $2.5bn in Q4 2017

(Trade Arabia - 3/5/2018 5:31:00 AM)

A total of eight initial public offerings (IPOs) in the fourth quarter (Q4) of 2017 in the GCC, raised proceeds of $2.5 billion, an increase of $2.3 billion compared to Q3 2017 ($234 million), said PwC, a top provider of assurance, advisory and tax ...

Market recovers but trades remain thin

(Oman Daily Observer - 3/4/2018 7:25:00 AM)

The market recovered after remaining under pressure in last couple of weeks. Trading was thin during the week, however, stocks which gave disclosures benefitting the company in the coming period were most sought by investors. The MSM30 index crossed the ...

DIB shares pull down Dubai market to near Nov 2016 low

(Gulf News - 3/2/2018 7:30:00 AM)

Dubai index extended losses for another session to near its lowest level since November 2016 weighed by weak performance in Dubai Islamic Bank shares due to dividend adjustments.

The Dubai Financial Market General index fell to a low of 3,201, ...

DGCX records 67 per cent growth in volume

(The Gulf Today - 3/2/2018 6:08:00 AM)

Dubai Gold and Commodities Exchange (DGCX), continued its record-breaking start to the year while delivering its best month since inception.

Last month, the Exchange traded its highest monthly Volume of 2,097,739 contracts, valued at $47.03 ...

Oman share index recovers on retail buying

(Times of Oman - 3/1/2018 6:07:00 AM)

Shares on the Muscat bourse recovered to cross the psychological barrier of 5,000 points on better support at lower levels.

Reflecting the trend, MSM 30 Index – the barometer of market trend – moved up by 10.22 points to 5,003.37 points. The ...

Dubai stocks join global rout

(Gulf News - 3/1/2018 5:52:00 AM)

The Dubai index fell nearly 1.3 per cent on Wednesday, joining the global rout caused by expectations of faster than expected rise in interest rates in the United States.

“The weakness is line with global markets after the Fed chair’s hawkish ...