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Post-earnings blues weighs on Doha market
November 12, 2014--Like the day before, the Qatar Exchange 20 Index fell by 0.23 per cent to close at 13,723.54 points on Wednesday, November 12.
The fact that most firms have released their earnings results for the third quarter led to a lack of impulses. Qatar National Bank had one of its few red days this year
DEPA shares bounce back
November 12, 2014--The FTSE NASDAQ Dubai UAE 20 Index closed 0.13 per cent at 4,277.84 on Wednesday, November 12.
Interior design firm Depa Limited edged up by 8.93 per cent to reach $0.61. DP World fell by 0.61 per cent to $19.63.
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BlackRock eyes Saudi exchange-traded fund ahead of market liberalisation
Underlying index may include financials, materials and telecommunications companies
November 11, 2014--
BlackRock, the world's biggest money manager, said it plans to open an exchange traded fund (ETF) for Saudi Arabian shares ahead of the opening up of the capital markets to foreign investors.
The ETF comes as the ishares MSCI Saudi Arabia Capped ETF seeks to track the investment results of a broad-based index composed of Saudi Arabian equities.
Bahrain's first Islamic bank books small nine-month profit increase
November 11, 2014--The Manama market index BASI declined by 0.25 per cent to 1,430.05 points on Tuesday, November 11.
Al Baraka Banking Group closed unchanged. The oldest Islamic Bank in the kingdom of Bahrain said earlier in the day that its nine-month profit edged up by five per cent year on year, amounting to $207m. Al Baraka...
Abu Dhabi National Hotels banks on the emirate's tourism boom
November 11, 2014--In Abu Dhabi, the Abu Dhabi securities exchange general index ADXGI added 0.50 per cent to close at 4,944.28 points on Tuesday, November 11.
Abu Dhabi National Hotels or ADNH closed unchanged at AED3.16. Earlier in the day, ADNH said it generated, in the nine-month period from January to September, a net income of AED164.95m
Ooredoo gains as sukuk holders expect profit distribution
November 10, 2014--The Qatar Exchange 20 Index finished 0.70 per cent to close at 13,788.40 points on Monday, November 10.
Ooredoo ended up 1.70 per cent at QAR122. Earlier in the day, the country's biggest telecom operator said that at Ooredoo Tamweel Limited (OTL), its wholly owned subsidiary, pursuant to the Terms and Conditions of the Notes
Dubai shares gain across the board
November 10, 2014--Market bellwether Emaar Properties jumped 3.50 per cent to close at AED10.40.
Qatar, UAE Stocks Rise After MSCI Index Review
November 9, 2014--Shares in Dubai's Emaar Properties and Dubai Islamic Bank, whose weightings also increased, rose 2.5 and 1.6 per cent respectively.
Stock markets in the United Arab Emirates and Qatar rose in early trade on Sunday after index compiler MSCI increased several local stocks' weightings in its emerging markets index during a semi-annual review.
UAE markets to move sideways next week
November 8, 2014--The UAE markets are likely to move sideways next week after losing 6 per cent last week, with investors eyeing crude oil prices, which are near their break even point.
On Thursday, the Dubai Financial Market (DFM) General Index ended 0.12 per cent higher at 4,406.15, while the ADX general index ended 0.84 per cent lower at 4,790.28.
SABIC recovers ground, Mobily remains under selling pressure
November 6, 2014--In Riyadh, the Saudi Stock Exchange saw its market index TASI closing 0.21 per cent higher to reach 9,649.28 points on Thursday, November 6.
Market bellwether SABIC surged 2.31 per cent to hit SAR105. Markets in the United States gained on Wednesday as investors re-assessed the victory of the Republican party in mid-term elections for...