Market News

Oman shares stable in moderate trading

(Times of Oman - 6/14/2017 2:32:00 AM)

Amid moderate trading activity, the Oman’s benchmark MSM30 Index was relatively stable at 5,313.71 points, down 0.01 per cent. The MSM Sharia Index declined 0.15 per cent to close at 780.31 points. Phoenix Power was the most active in terms of volume ...

Abu Dhabi index gains with Dana Gas

(Gulfnews - 6/14/2017 2:28:00 AM)

The Abu Dhabi index rose on Monday even as Dana Gas hit an upper limit. Saudi’s Tadawul index closed flat. The Abu Dhabi Securities Exchange general index closed 0.58 per cent higher at 4,537.60. Dana Gas jumped 15 per cent to be at Dh0.69. About 150 ...

New decision issued on mergers, acquisitions

(The Gulf Today - 6/14/2017 2:17:00 AM)

A new decision concerning the regulations of mergers and acquisitions of UAE-based joint stock companies has been issued by Sultan Bin Saeed Al Mansouri, Minister of Economy, and Board Chairman of the Securities and Commodities Authority, SCA. The ...

Kuwait ekes ‘modest’ gains in volatile trade – ABK rallies 35 fils;

(Arab Times - 6/14/2017 2:14:00 AM)

Kuwait stocks chalked a modest rebound on Monday following 2-day retreat. The price index climbed 20.18 points in volatile trade to 6,774.72 points helped by a buying uptick in select counters even as the broader sentiment remained mixed. The KSX 15 ...

Gulf stocks mixed as concerns grip markets

(Saudi Gazette - 6/14/2017 2:08:00 AM)

Gulf stock markets were mixed on Tuesday as Qatar fell back, still affected by other Gulf states’ sanctions against Doha, while Abu Dhabi’s Dana Gas soared on its proposal to restructure a $700 million sukuk. Saudi Arabia’s index was almost flat in thin ...

Qatar Stock Exchange recovers on Minister's reassurances

(The Peninsula - 6/13/2017 9:13:00 AM)

Qatar Stock Exchange (QSE) main index gained 75.23 points, or 0.83 percent when the bourse closed trading at 9,135.16 points yesterday. The volume of shares traded increased to 13.09 million from 12.67 million on Sunday and the value of shares increased ...

US Fed rate hike could positively impact some Gulf equities

(The National - 6/13/2017 2:14:00 AM)

An anticipated US interest rate hike this week may be positive news for some Arabian Gulf stocks, but any gains will be overshadowed by the Qatar row that is rattling markets, experts said. The Federal Reserve is poised to raise interest rates by 25 ...

Negative sentiments drag Oman shares lower

(Times of Oman - 6/13/2017 2:13:00 AM)

Negativity in telecom and industrial stocks weighed on the MSM30 Index, which declined by 0.32 per cent to end at 5,314.19 points. The MSM Sharia Index closed at 781.49 points, down by 0.36 per cent. Bank Nizwa was the most active in terms of volume ...

Property stocks in limelight in UAE

(Gulfnews - 6/13/2017 2:03:00 AM)

Property stocks in the UAE were in the limelight after Emaar Properties reached a new 52-week high. Emaar Properties hit a 52 week high of Dh7.88, before closing 2.89 per cent higher than the previous closing at Dh7.82. “Emaar is the only news that ...

Traded value on Saudi’s Tadawul jump 57% in first week of June

(Gulfnews - 6/13/2017 1:59:00 AM)

The total value of shares traded for the week ending June 8 amounted to 15.76 billion Saudi riyals (Dh15.43 billion), increasing by 57.40 per cent over the previous week. The total stock market capitalisation reached 1,624.24 billion riyals at the end of ...