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Air Arabia group CEO optimistic for second half of 2014
September 24, 2014--The Dubai Financial Market DFM General Index lost 1.23 per cent to close at 5,065.02 points on Wednesday, September 24.
In the wake of global market declines amid a joint U. S./Arab aerial campaign against IS in Syria, the Dubai Financial Market (DFM)-listed shares of Air Arabia closed 2.20 per cent lower at AED1.34.
Saudi profit takings amid geopolitical woes, SABIC hits one-month low
September 24, 2014--A whopping 140 shares declined on Wednesday, September 24, in Riyadh as the market index TASI closed 1.42 per cent lower at 10,720.51 points.
The expansion of the campaign against IS forces which U. S. and allied Arab air forces (Saudi Arabia and the UAE joined the campaign) to Syria motivated investors in East and
Waha Capital releases details of AerCap hedging
September 24, 2014-The Abu Dhabi market index ADX general declined 0.14 per cent to finish at 5,112.07 points on Wednesday, September 24.
Leasing and aerial/maritime investment firm Waha Capital fell by 0.33 per cent to AED3.05.
Dubai Ports World adds against the trend
September 24, 2014--The FTSE NASDAQ Dubai UAE 20 Index closed at 0.57 per cent lower at 4,668.02 points on Wednesday, September 24.
DP World advanced 0.56 per cent to hit $21.50. Emirates REIT stabilized at $1.44.
Regional woes weigh on Qatar market
September 24, 2014--The QE 20 index lost 0.53 per cent, finishing at 13,932.30 points on Wednesday, September 24.
Amid an escalation in the war against ISIS in Syria and Iraq, investors ducked and sent market bellwether Industries Qatar down by 0.80 per cent at QAR191.50.
Etisalat share gain fails to save the day at Abu Dhabi market
September 22, 2014--The ADX general index (ADXGI) fell back to the level of last Wednesday, ending off by 0.47 per cent to finish at 5,149.80 points on Monday, September 22.
Emirates Telecommunications Corporation, better known as Etisalat (Arabic for: connections) surged by 0.86 per cent to hit AED11.70.
Lackluster Dubai market adds slightly
September 22, 2014--The Dubai Financial Market General Index closed 0.13 per cent higher at 5,094.82 points on Monday, September 22, amid thin trading.
Emaar, as the most liquid share, finished up by 0.43 per cent to AED11.65. Interest in Emaar's IPO of its subsidiary Emaar Malls Group showed no let-up shortly before the subscription period ends on...
Saudi market unimpressed by imminent NCB going public
September 22, 2014--The Tadawul All-Share Index on Monday, September 22, lost 1.23 per cent to 10,874.82 points.
Earlier on late Sunday, the capital market authority gave green light for the country’s largest lender National Commercial Bank (NCB) IPO which is poised to be the second largest IPO in 2014 after Alibaba.com, analysts said.
Manama market regains ground
September 22, 2014--The Bahrain All-Share Index added 0.10 per cent to reach 1,470.74 points on Monday, September 22.
Banks were the stabilising force, while services lost the most. Islamic bank Ithmaar jumped 8.82 per cent, finishing at $0.185.
Lack of catalysts lead Qatar exchange slightly down
September 22, 2014--The QE 20 index dipped by 0.13 per cent, finishing at 14,117.77 points on Monday, September 22.
Qatar National Bank added 0.50 per cent to hit QAR209. Cinema lost the most (off by 2.33 per cent to QAR48.10).