Market News

DGC listed on Muscat bourse following successful IPO

(Oman Daily Observer - 9/6/2018 7:03:00 AM)

Following the successful oversubscription of the Initial Public Offer till August 16, the Dhofar Generating Company SAOG (DGC), the largest power producer in the Dhofar Governorate announced its listing on the Muscat Securities Market (MSM). Trading of ...

Tadawul to launch derivatives market in H1 2019

(Trade Arabia - 9/6/2018 6:53:00 AM)

The Saudi Stock Exchange (Tadawul) will introduce exchange-traded derivatives in the first half of 2019. It will launch an index futures contract based on the tradeable index jointly developed with MSCI.

Saudi Arabia's inclusion into the major ...

Kuwait market edges higher; volume soars

(Arab Times - 9/6/2018 6:46:00 AM)

Kuwait stocks closed higher on Wednesday extending last session’s modest rebound. The All Shares Index trimmed stronger early gains to end 10.55 pts up at 5,143.22 points paced by select counters even as overall sentiment remained mixed. The Premier ...

Saudi Stocks Get Swept Up in EM Selloff to Fall Most Since 2016

(Blooomberg - 9/5/2018 7:31:00 PM)

Saudi Arabian stocks, the most expensive in the six-nation Gulf Cooperation Council, tumbled to a six-month low as demand for risk assets waned.

The Tadawul All Share Index plummeted 3.1 percent, dragging the gauge below its 200-day moving ...

Oman share index ends higher

(Times of Oman - 9/5/2018 8:21:00 AM)

The MSM30 index ended higher on Tuesday and closed at 4,429.19 points, up by 0.03 per cent. MSM Sharia Index closed at 612.58 points, up by 0.07 per cent. Galfar Engineering was the most active in terms of volume while Bank Muscat was the most active in ...

UAE bourse gains $2bn on bank merger reports

(Trade Arabia - 9/5/2018 7:40:00 AM)

The UAE stock exchanges gained Dh7.5 billion ($2.04 billion) in market cap on Tuesday following reports purporting initial negotiations on potential mergers between Abu Dhabi Commercial Bank, Union National Bank and Al Hilal Bank.

The shares of ...

MSCI, Tadawul to launch Saudi tradeable index in Q4

(Trade Arabia - 9/5/2018 7:37:00 AM)

MSCI, a leading provider of indexes and portfolio construction and risk management tools and services for global investors, has announced the signing of an agreement with the Saudi Stock Exchange Company (Tadawul), the largest stock exchange in the ...

First Waqf investment fund launched in Saudi Arabia for public offering

(Saudi Gazette - 9/4/2018 8:45:00 AM)

The Executive Director of the General Organization of King Faisal Specialist Hospital and Research Center and the Chairman of Wareef Charity Foundation, Dr. Majid bin Ibrahim AlFayadh, announced that the Alinma Wareef Waqf Fund is the first investment ...

Oman share index ends lower

(Times of Oman - 9/4/2018 8:36:00 AM)

The MSM30 index ended lower on Monday and closed at 4,427.65 points, down by 0.18 per cent. MSM Sharia Index closed at 612.18 points, down by 0.55 per cent. Oman and Emirates Inv. Holding was the most active in terms of volume while Bank Muscat was the ...

Gulf stocks retain safe haven status amid emerging market woes

(Gulf News - 9/4/2018 8:32:00 AM)

Equity traders in the Gulf have been indifferent to worries creeping across emerging markets and instead see this region as a safe haven. Emerging markets have been having an exceptionally torrid time, with volatility pulling down the Turkish lira, ...