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Doha Bank advances ahead of EGM
November 3, 2014--The Doha-based Qatar Exchange (QE) 20 Index gained 1.15 per cent to hit 13,780.59 points on Monday, November 3.
Doha Bank added 0.20 per cent to close at QAR59. Earlier in the day, the fifth biggest lender in relation to assets in the gas-rich Gulf state said it will hold its extraordinary general meeting (EGM)
S&P Dow Jones Indices-Middle East Index Dashboard-October 2014
October 31, 2014--Against a backdrop of falling oil prices, a strengthening dollar and increased global equity volatility, the S&P Pan Arab Composite LargeMid index fell by around 6% during October.
While the majority of regional single-country equity indices fell, it was not all bad news. The S&P Turkey BMI bounced back gamely from a poor September, delivering an impressive 10% return.
view the S&P Dow Jones Indices-Middle East Index Dashboard-October 2014 report
DP World remains stuck below $20
October 30, 2014--The FTSE NASDAQ Dubai UAE 20 Index closed 2.74 per cent lower at 4,198.24 points on Thursday, October 30.
Dubai Ports (DP) World lost 1.74 per cent to $19.16.
Qatar market plummets two per cent
October 30, 2014--The Doha-based Qatar Exchange (QE) 20 Index closed Thursday, October 30, at 13,498.86 points.
During the last trading week of the month, the gauge gained insignificantly. Developer Barwa gained against the trend, closing 2.63 per cent higher at QAR42.95.
UAE markets end rollercoaster week on weak note
October 30, 2014--The Dubai Financial Market General Index (DFMGI) and the Abu Dhabi general index, on Thursday, October 30, lost 1.66 per cent and 1.80 per cent, respectively, closing at 4,545.39 points and 4.861.45 points.
On Wednesday, the US Federal Reserve announced that it would halt Quantitative Easing (QE), the policy of liquidity injection it started in
Qatari fuel giant Woqod, earns slightly more in nine-month period
October 29, 2014--Doha-listed shares gained across the board on Wednesday, October 29, lifting the market index QE 20 higher by one per cent to 13,775.89 points.
The shares of Qatar Fuel Company or Woqod (Arabic for petrol) slipped 0.05 per cent to QAR215.20.
Emaar The Economic City outperforms and disappoints Saudi bourse
October 29, 2014--The Tadawul All-Share Index closed 0.8 per cent lower at 10,081.96 points, on Wednesday, October 29.
Emaar The Econmic City (EEC) slipped 0.23 per cent to hit SAR17.55. Earlier in the day, the developer of the King Abdullah Economic City (KAEC), a 168 million sqm development, situated on the Red Sea coast, said its net income in...
Dubai market gives up early advances again
October 29, 2014--Like in the previous days, the DFM General Index DFMGI opened more than one per cent higher, but eventually lost steam and finished 0.10 per cent lower at 4,622.11 points on Wednesday, October 29.
While market leader Emaar Properties was unchanged, the shares of construction giant Arabtec, as the most liquid stock, fell by 1.40...
Bahrain Islamic Bank on the move
October 28, 2014--The Manama market measure added 0.18 per cent to reach 1,439.42 points on Wednesday, October 29.
Bahrain Islamic Bank (BISP) gained the most, closing 3.92 per cent higher at BHD0.159. Earlier in the day, BISP said it earned a net income of BHD3.8 million ($10.11m), up from a net loss of BHD20.8m ($55.33m) in the...
Ooredoo gains despite stagnant profit growth
October 28, 204--The Doha-based Qatar Exchange (QE) 20 Index advanced 1.20 per cent to reach 13,647.84 points on Tuesday, October 28. Ooredoo, formerly Qatar Telecom, lost 1.03 per cent to QAR124.50.
Earlier in the day, the first telecom firm on the gas-rich country said its net profit in the first nine-month period of 2014 advanced by 0.5