Market News

DSI gains, analysts say trend is bullish

(Gulfnews - 10/11/2017 5:54:00 AM)

Drake and Scull (DSI) continued with its gaining streak on Tuesday, and analysts said the trend is still bullish. The Dubai-based construction major closed 2.11 per cent higher at Dh1.94, after gaining more than 6 per cent in the previous session. The ...

UAE regulator working on 5 IPO applications including petroleum

(Gulfnews - 10/11/2017 5:52:00 AM)

The markets regulator is working on five IPO (initial public offering) applications from companies which includes a petroleum distribution and chemical cos, and they may see light of the day in the next 3-6 months, Obaid Al Za’abi, chief executive ...

Kuwait stocks tumble as Zain sheds 3.45% – KCIN plunges 140 fils,

(Arab Times - 10/11/2017 5:28:00 AM)

Kuwait stocks pulled lower on Monday as corporate earnings for third quarter kicked off. The main index sank 11.51 points to settle at 6,649.19 points. Zain shares fell 3.45 percent despite Omantel interest in boosting stake. The KSX-15 benchmark dipped ...

Profit booking pulls down Muscat bourse

(Times of Oman - 10/10/2017 5:20:00 AM)

Shares on the Muscat bourse edged down on profit booking. The MSM30 Index had marginal loss of 0.03 per cent to end the session at 5,166.62 points. The MSM Sharia Index closed at 748.92 points, down by 0.93 per cent. Bank Sohar was the most active in ...

Drake and Scull climbs more as activity continues in small stocks

(Gulfnews - 10/10/2017 5:16:00 AM)

Drake and Scull (DSI) rose on Monday, extending gains for another session, triggering further activity in select stocks. Drake and Scull closed at Dh1.90, up 6.15 per cent, at the highest level in the day. “The positive appetite on DSI still ruling in ...

Qatar stock index gains 75.29 points

(The Peninsula - 10/10/2017 5:13:00 AM)

Qatar Stock Exchange (QSE) index gained 75.29 points (+0.93%) when the bourse closed trading at 8,212.86 points Monday. The volume of shares traded increased to 10,127,189 from 6,959,689 on Sunday and the value of shares increased to QR186,041,568.13 ...

Qatar ‘plans to raise at least $9b from bonds’

(Gulfnews - 10/10/2017 5:11:00 AM)

Qatar is considering raising at least $9 billion (Dh33.06 billion) from international bond markets as the gas-rich nation boycotted by its neighbours seeks to replenish state coffers, people familiar with the matter said. Government officials are in ...

ADX showcases innovative digital solutions at Gitex Technology Week

(Gulfnews - 10/10/2017 5:08:00 AM)

The Abu Dhabi Securities Exchange (ADX) on Monday said it had showcased a wide range of innovative digital services, all custom designed to improve investor transactions and trading activities, at Gitex Technology Week. ADX became the first financial ...

Kuwait’s stocks kick off week on ‘sluggish’ note–Gulf Bank surges 4.71

(Arab Times - 10/10/2017 4:34:00 AM)

Kuwait stocks edged lower on Sunday to kick off week on a sluggish note following drop in oil prices by over 2 percent at the end of last week. The main index fell 1.41 points to close at 6,660.7 points with mixed boards. Bank shares rally and other blue ...

Strong buying interests of retail investors lift QSE above 8,200

(Gulf Times - 10/9/2017 8:17:00 PM)

Strong buying interests of local and non-Qatari retail investors lifted the Qatar Stock Exchange above 8,200 levels, apparently taking cue from Premier’s assurance on reinvigorating private sector. Transport, industrials and telecom counters witnessed ...