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Qatari shares plummet across the board
March 18, 2015--The Qatar Exchange 20 index in Doha dived for the sixth session straight, ending off 2.23 per cent to hit 11,426.62 on Wednesday, March 18.
Qatar National Bank lost 2.94 per cent to reach QAR188.30. Cinema was the sole gaining share, finishing 9.62 per cent higher at QAR49.
Oil double dip forces Abu Dhabi shares down
March 18, 2015--The stock market index in the UAE capital Abu Dhabi, the ADXGI, lost for the sixth consecutive session on Wednesday, March 18, ending off 1.17 per cent at 4,280.07 points.
Oil (WTI crude), after a brief recovery in the last four weeks, fell back to the end-January's level and dived 2.3 per cent to 44.14 dollar per barrel.
Dubai market plummets per cent in pre-Fed session
March 18, 2015--The Dubai stock market index DFMGI closed 3.57 per cent lower on Wednesday, March 18, at 3,408.18 points, representing a three-month low.
The two-day US Federal Reserve meeting, which starts today, will give a hint on how fast (June?) an expected interest rate hike in the world's biggest economy might occur, analysts said, and the uncertainty weighed on market indices in the East and the West.
Qatar exchange loses the fifth session straight
March 17, 2015--The Qatar Exchange 20 index in Doha dived by another 0.63 per cent to hit 11,687.17 points on Tuesday, March 17.
Qatar National Bank (QNB) finished off 1.30 per cent at QAR194. Earlier in the day, the biggest lender in the gas-rich Gulf state said that it has successfully closed syndication of its $3 billion senior unsecured term loan facility with a three-year maturity
Financials weigh on Abu Dhabi market index
March 17, 2015--The equity market index ADXGI in Abu Dhabi lost for the fifth consecutive session on Tuesday, March 17.
The gauge declined by 0.80 per cent at 4,330.63 points.
Aldar Properties as the most liquid share edged up by 1.36 per cent at AED2.24.
SHUAA Capital soars on new market maker deal
March 17, 2015--After the Dubai stock market index DFMGI slipped beneath the lower Bollinger band yesterday, the gauge halted a sharp two-day losing streak on Tuesday, March 17,, closing 0.42 per cent higher at 3,534.29 points.
Twenty shares advanced, while 11 declined in value.
SHUAA Capital gained 2.31 per cent to reach AED0.665.
Qatar Islamic Bank reaches out to Korea
March 12, 2015--The Qatar Exchange 20 index in Doha fell by 0.40 per cent lower to reach 12,080.66 points on Thursday, March 12.
Qatar Islamic Bank or QIB lost 1.95 per cent, finishing at QAR100.50. Earlier in the day,
UAE stock markets diverge on last day of week
March 12, 2015--The Dubai stock market index DFMGI closed 0.30 per cent higher at 3,707.77 points on Thursday, March 12.
Its sister market ADX in Abu Dhabi declined 0.36 per cent to 4,483.54 points amid neutral market breadth.
Qatari shares fall across the board
March 11, 2015--The Qatar Exchange 20 index halted a four-session long gaining streak on Wednesday, March 11 and closed 1.11 per cent lower at 12,127.98 points.
Telecom giant Ooredoo (Arabic for "I want") dived 3.80 per cent to QAR110.
TAQA bucks Abu Dhabi market decline
March 11, 2015--After hitting a five-week low on Tuesday, declining oil prices forced the ADX General Index lower by another 0.30 per cent to 4,499.95 points on Wednesday, March 11.
The gauge fell deeply beneath the lower Bollinger band. The nest support levels lie at 4,300 and 4,000 points.
