Market News

Muscat shares retreat on dull trading

(Times of Oman - 8/14/2017 6:04:00 AM)

Amid poor trading activity, the MSM30 Index retreated 0.43 per cent to close at 4,969.87 points. MSM Sharia Index ended at 731.17 points, down 0.53 per cent. Ooredoo was the most active in terms of volume as well as turnover. Sunday’s top gainer was ...

UAE indices fall in line with global markets

(Gulfnews - 8/14/2017 6:00:00 AM)

UAE indices fell nearly 1 per cent on Sunday in line with overseas markets as traders resorted to mild profit-taking. The Dubai Financial Market General Index closed 0.93 per cent lower at 3,613.59. Traded value came in at Dh131 million, compared to an ...

Kuwait bourse retreats further;volume shrinks–Jazeera Airways jump 17f

(Arab Times - 8/14/2017 5:47:00 AM)

Kuwait stocks sagged further on Wednesday extending its losses to second straight session. The bourse fell 6.89 pts in volatile trade to 6,823.03 points even as the broader market trend remained mixed. The banks and other heavyweight were largely ...

ADGM recruits UAE Exchange as latest fintech partner

(The National - 8/13/2017 6:26:00 AM)

Abu Dhabi Global Market (ADGM) has announced the latest initiative in the development of its fintech ecosystem, in the form of a partnership with leading remittance firm UAE Exchange, the freezone’s fifth major fintech announcement in the space of two ...

Qatar Stock Exchange Weekly Market Report

(Gulf Times - 8/13/2017 6:21:00 AM)

The Qatar Stock Exchange (QSE) Index decreased 155.27 points, or 1.65% during the trading week to close at 9,242.82. Market capitalisation decreased by 1.61% to QR500.90bn versus QR509.09bn at the end of the previous trading week. Of the 44 listed ...

UAE markets take a rest

(Gulfnews - 8/13/2017 6:06:00 AM)

Last week the Dubai Financial Market General Index (DFMGI) fell by 27.79 or 0.76 per cent to end at 3,647.33, its first decline in six weeks. There were only nine advancing issues while 26 declined, and volume dropped to a six-week low. The DFMGI ...

Oman share index falls below 5,000-mar

(Times of Oman - 8/10/2017 6:19:00 AM)

Shares on the Muscat bourse reacted on selling pressure. The MSM30 Index fell by 0.23 per cent to close at 4994.34 points. The MSM Sharia Index was also down by 0.17 per cent and closed at 734.77 points. Al Madina Investment was the main gainer both in ...

Most Middle East stock markets move sideways

(The Peninsula - 8/10/2017 6:17:00 AM)

Middle Eastern stock markets generally moved sideways in quiet trade yesterday, outperforming other emerging markets, though Dubai theme park operator DXB Entertainments sank because of poor first-half earnings. The Gulf has underperformed global ...

Dubai index recoups early losses

(Gulfnews - 8/10/2017 6:11:00 AM)

The Dubai index recouped early losses on Wednesday because of a recovery in shares of Dubai Islamic Bank, even as traders eyed results from Emaar Properties for a lift-up. The Dubai Financial General Index closed 0.14 per cent lower at 3,642.92, ...

Robust petrochemicals send Saudi stocks to higher ground

(Saudi Gazette - 8/10/2017 6:01:00 AM)

Saudi Arabia stocks were higher after the close on Wednesday, as gains in the Petrochemicals, Industrial Investment and Multi Investment sectors led shares higher. At the close, the Tadawul All Share Index added 0.11% to 7,153 points as petrochemical ...