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Oil price slump drags Kuwait market down
December 9, 2014--The KSE Market Index fell by 1.90 per cent to 6,534.82 points.
Oil generates 95 per cent of Kuwait's public budget. The black gold fell below $64 dollars per barrel on Tuesday. Wethaq Takaful Insurance Company closed 8.62 per cent higher at KD0.063.
Dubai market index falls to 10-month low
December 9, 2014--For the second consecutive session, the Dubai financial market index DFMGI lost more than three per cent, ending off 3.52 per cent to 3,888.79 points on Tuesday,
December 9, as oil prices hit fresh new lows at $63.50 per barrel (US crude).
DFM gloom continues as Crude reality kicks in
December 9, 2014--Heading towards its longest losing streak since 2012, the DFM is showing few signs of promise.
GCC exchange traded fund under discussion with S & P Dow Jones Indices
December 8, 2014--"We are discussing in terms of how to create it, what to create on and how it will add value to investors," S & P Dow Jones Indices MENA head said.
Fund managers and banks are in talks with S & P Dow Jones Indices, a global index provider, to launch an exchange traded fund, which will invest in companies in the GCC, Charbel S. Azzi, Head of Middle East, Africa & CIS, at S & P Dow Jones Indices told Gulf News.
Tadawul market makes detour ahead of 9,000 resistance level
December 8, 2014--The Saudi Arabian stock market index TASI lost 1.74 per cent finishing at 8,785.73 points on Monday, December 8.
SABIC plummeted three per cent to SAR90.
DP World shares bank on oil price decline
December 8, 2014--The FTSE NASDAQ Dubai UAE 20 Index closed 2.40 per cent lower at at 3983.310 today, down -97.810, or -2.40%, from the previous close.
Dubai Ports (DP) World surged 2.20 per cent to hit $21.30. DP World is the third biggest container port operator in relation to assets.
Qatar market decline halted
December 8, 2014--Session examined banking relationships
Against the sluggish regional and global trend at stock exchanges, the Qatari bourse QE closed flat at 12,644.87 points on Monday, December 8.
The Commercial Bank of Qatar (CBQ) fell by 1.57 per cent to QAR68.90.
Abu Dhabi bourse does one step ahead, and two steps back
December 8, 2014--After the gage rebounded slightly yesterday, the ADX General Index closed 0.72 per cent lower at 4,680.63 points on Monday, December 8.
Abu Dhabi National Energy Company or Taqa jumped 5.70 per cent to hit AED0.93. Dana Gas remained below AED0.60 (off 1.70 per cent).
Oil weighs Dubai market down, lifts Air Arabia to seven-month high
December 8, 2014--As oil prices (DME Oman crude) lost another 1.66 per cent to $6 per barrel, the Dubai financial market index DFMGI plummeted 3.34 per cent to 4,030.70 points on Monday, December 8.
Air Arabia was the sole gaining share (up 1.96 per cent at AED1.56 as carriers benefit from lower jet fuel costs.
Saudi market index flirts with 9,000 points
December 4, 2014--The Tadawul All-Share Index gained 1.77 per cent to hit 8,957.63 points on Thursday, December 4.
Saudi shares received a boost amid good input from bullish Chinese stock markets as well as from some price stabilisation at oil markets.