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S&P Dow Jones Indices-Middle East Index Dashboard
March 31, 2015--March was a challenging month for Middle Eastern equities. The S&P Pan Arab Composite LargeMidCap Index fell by 5.4%, wiping out most but not quite all of the year-to-date gains in the process.
A slim majority of our pan-regional indices remain in positive figures for the quarter; in the case of single countries, it is a significant minority.
March provided a rare moment in the spotlight for Lebanon's equity market, the S&P Lebanon BMI topped the charts, albeit with a small gain just over 1%; it was the only country to gain over the month and has over taken Saudi Arabia to become the leading country year-to-date.
Ooredoo gets shareholders’ nod for 40 per cent cash dividend
March 30, 2015--The Qatar Exchange 20 index extended its cautious rebound on Monday, March 30, closing 0.90 per cent higher at 11,586.83.
Ooredoo, the first telecom firm in the gas-rich Gulf state, lost 3.18 per cent to close at QAR99.90. Losses in this amount are normal when firms announce their dividend payout.
Banks demanded at Abu Dhabi market
March 30, 2015--The ADX General Index closed 1.40 per cent higher at 4,431.35 on Monday, March 30.
National Bank of Abu Dhabi, the first lender in the UAE capital, jumped five per cent to hit AED11.55.
Midcap shares lift Dubai exchange slightly
March 30, 2015--A roller-coaster trading session lifted the Dubai equity market index DFMGI by 0.20 per cent, closing at 3,444.65 on Monday, March 30, on negative market breadth and low turnover.
Thirteen shares advanced, while 15 stocks declined in value.
Kuwait is second in global trade, Saudi slumps
March 26, 2015--Kuwait is ranked second globally after Singapore for surpluses in its current account, reports Kuwait-based Alrai citing a recent survey.
The survey conducted by Bloomberg News and covering 75 countries and territories, ranked the winners in global trade based on surpluses in their current accounts – a broad measure of trade in goods and services – as a percentage of GDP.
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Muscat market loses the most in the GCC
March 26, 2015--The Omani stock market index MSM30 dived 2.58 per cent to hit 6,112.91 points on Thursday, March 26.
The sentiment in Oman suffered the most due to the escalation of the crisis in...
Qatar market sinks deeper into the red
March 26, 2015--The Qatar Exchange 20 index slipped 0.81 per cent to reach 11,410.76 points on Thursday, March 26.
Since January 1, 2015, the gauge lost 7.12 per cent, making it the one of the worst performers in the GCC.
Dubai market hits new 2015-low, Abu Dhabi bucks downtrend
March 26, 2015--UAE stock indices ended mixed on Thursday, March 26, as geopolitical tensions rose in the region due to the escalation of the crisis in Yemen.
The Dubai equity market index DFMGI fell sharply at the opening but eventually regained terrain and closed 0.80 per cent lower at 3,407.25 points.
NBK dips, Moody's affirms ratings
March 25, 2015--The Kuwait Stock Exchange market index lost 0.50 per cent to 6,376.49 points on Wednesday, March 25.
National Bank of Kuwait or NBK fell by 1.15 per cent to KD0.860.
Milaha outperforms, launches first container link between Qatar and India
March 25, 2015--The Qatar Exchange 20 index remain under pressure on Wednesday, March 25, closing 1.45 per cent lower at 11,503.72.
Milaha Maritime and Logistics, legally called Qatar Navigation QSC, finished off one per cent at QAR99.