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Qatar Exchange closes friendly
November 6, 2014--The QE 20 Index in Doha gained 0.46 per cent, finishing at 13,590.49 points on Thursday, November 6.
Qatar National Bank extended its gaining streak, edging up 0.93 per cent at QAR218.10. Cinema dived 7.40 per cent at QAR42. Islamic Holding jumped three per cent to hit QAR34. Amid a lack of catalysts, sectors did...
UAE markets end week on a mixed note
November 6, 2014--Despite positive input from the US, the Dubai financial market general index (DFMGI) opened with solid gains, which investors failed to sustain as the gauge closed 0.12 per cent higher at 4,406.80 points on Thursday, November 6.
Its sister market in Abu Dhabi lost 0.84 per cent to hit 4,790.28 points. In Dubai, Ajmanbank advanced ...
Last minute swing prevents the worst at Riyadh market
November 5, 2014--News that Saudi Arabia cut its oil export prices for oil to North America in order to soften the effect "fracking" weighed on Saudi shares as oil prices fell further on Wednesday, November 5.
The Tadawul All-Share Index lost 1.60 per cent to 9,628.84 points. According to report by Swiss daily NZZ, Riyadh is at...
Qatar market follows fickle GCC trend
November 5, 2014--The Doha-based market index QE 20 Index lost nearly two per cent on Wednesday, November 5, to hit 13,528.67 points.
Barwa Real Estate fell by 0.34 per cent to QAR43.85. Earlier in the day, Barwa Real Estate announced about the initial agreement for the acquisition of 50 per cent stake in Lusail Gold Development L.L.C.,...
Dubai shares dive on sluggish Eurozone perspective, US congress vote
November 5, 2014--The Dubai financial market general index (DFMGI) plummeted 3.26 per cent to hit 4,400.80 points on Wednesday, November 5, representing a three-week low.
Two shares advanced, while 12 declined. Investors quit after the Euro commission significantly lowered its growth forecasts for the 18 Eurozone member states on Tuesday, and after the opposition, the Republicans, in
Etisalat shares whether the storm
November 5, 2014--Like nearly all global market indices on Wednesday, the Abu Dhabi general index ADXGI closed 2.41 per cent lower at 4,830.74 points on November 5.
RAK White Cement lost the most, finishing off 9.78 per cent at AED1.66. Abu Dhabi Ship Building surged 8.93 per cent to reach AED2.44. Market bellwether Emirates Telecommunication Corporation, better...
Bahrain Bourse opens post-Ashura trading with losses
November 5, 2014--The Bahrain All-Share Index ended off 0.17 per cent at 1,443.82 points on Wednesday, November 5 which marked the first trading session after the market was closed for two days on the occasion of the Shia Muslim Ashura feast.
Bahrain Duty Free Complex was the top gainer 1.18 percent to hit BD0.86. Aluminium Bahrain closed...
Aafaq-Islamic Finance begins transacting on NASDAQ Dubai Murabaha Platform for Islamic financing
November 3, 2014--Company and its clients benefit from efficiency and speed of processing
Total transactions on platform have reached more than AED 21 billion
Aafaq-Islamic Finance, a UAE-based leading Sharia'a-compliant financial institution, has carried out its first transaction on the NASDAQ Dubai Murabaha Platform, which provides Islamic financing services to a rapidly growing number of individual and institutional customers.
Officially launched in April 2014, the platform has completed a total of more than AED 21 billion of transactions. It was set up by NASDAQ Dubai jointly with Emirates Islamic and is playing a key role in Dubai's growth as the Capital of the Islamic Economy globally.
Abu Dhabi blue chip shares keep market momentum up
November 3, 2014--The Abu Dhabi general index ADXGI gained for the second day straight on Monday, November 3, closing 0.46 per cent higher at 4,950.26 points.
Foodco Company gained the most, ending up 10.80 per cent at AED3.99. Aldar Properties added 0.91 per cent to hit AED3.32. National Bank of Abu Dhabi or NBAD gained 1.85 per
Dubai market yoyo trading continues
November 3, 2014--After starting the month with modest gains on Sunday, the Dubai financial market general index (DFMGI) retreated again and slipped 0.84 per cent to close at 4,577.39 points on Monday, November 3.
Banks came under pressure, in particular, as the end of quantitative easing in the US signals that the end of ultra-low interest rates...