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Abu Dhabi-listed blue chips stabilise market index ahead of National Day
December 1, 2014--The ADX General Index fell by 0.16 per cent on Monday, December 1, less than in the days before as heavyweights edged up.
The first lender in the emirate, National Bank of Abu Dhabi, jumped 4.60 per cent to hit AED13.75.
Dubai market hits five-month low
December 1, 2014--The day after its first listing session, education and healthcare provider Amanat, with a surge of 11.40 per cent, was the top gainer at the Dubai Financial Market (DFM).
The DFM General Index dropped by 2.23 per cent to hit 4,186.11 points on Monday, December 1, stepping out of the lower Bollinger band for the...
S&P Dow Jones Indices-Middle East Index Dashboard-November 2014
November 28, 2014--Energy dominated the headlines into month end as OPEC failed to agree to a cut in production and WTI Crude Oil prices responded with a drop below USD 70 per barrel.
Crude oil has now fallen by over a third in price since the summer, at the time of writing, WTI crude is down a further 8% today.
With the plummet in oil prices, Middle East equities have suffered. The S&P Pan Arab Composite LargeMidCap fell by over 6%, giving back over a third of its year-to-date gains.
Saudi shares fall the fourth session straight
November 27, 2014--The Tadawul All-Share Index declined by 0.30 per cent to 9,055.63 points on Thursday, November 27, representing the lowest level of the gauge in eight months.
Earlier in the day, the OPEC member states agreed to leave the output of 30 million barrels per day unchanged.
NASDAQ DUBAI index lifted by DFM shares
November 27, 2014--The FTSE NASDAQ Dubai UAE 20 Index closed at 4,264.510 today,
up 0.76 per cent, from the previous close.
Qatar Exchange index falls to one-month low
November 27, 2014--The QE 20 Index closed at a low at 13,330.93 points on Thursday, November 27. Over the week, the gauge slashed 3.7 per cent.
Today, shares lost across all sectors, with United Development Company (UDC) losing the most. The developer of the man-made island The Pearl Qatar closed 5.65 per cent to QAR25.90.
Bargain hunters take their picks in Dubai, Abu Dhabi declines further
November 27, 2014--The Dubai financial market (DFM) closed a roller coaster week 1.15 per cent higher at 4,494.73 points on Thursday, November 27.
Over the last trading week in November, the gauge lost two per cent in value. Arabtec Construction jumped 6.15 per cent to hit AED3.97.
Investors happy about Advanced Petrochemical dividend
November 26, 2014--The Tadawul All-Share Index lost 1.65 per cent to close at 9,081.27 points on Wednesday, November 26
Investors ducked as they wait and see whether or not the oil cartel OPEC will cut production quota in order to stabilise oil prices which fell by 20 per cent in value (U. S. crude) in the last..
DP World bucks fickle trend at UAE stock markets
November 26, 2014--At the NASDAQ Dubai, the shares of Dubai Ports (DP) World advanced by 0.71 per cent to hit $21.15.
Albeit stock markets in Dubai and Abu Dhabi lost sharply in recent days, investors kept the world’s third biggest port operator well above $21.
Emaar shares plummet 5.29 per cent
November 26, 2014--Selling pressure continued to weigh on the Dubai stock market index DFMGI, which lost value for the third session straight on Wednesday, November 26.
The gauge ended off 2.50 per cent at 4,443.34 points.
