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Saudi market falls in lockstep with oil
September 10, 2014--The Tadawul All-Share Index declined by 0.11 per cent to 11,137.25 points on Wednesday, September 10.
SABIC fell by 0.16 per cent to SAR135. Oil prices (DME Oman crude) fell by 8.15 per cent since June 1 2014.
Dubai bourse rises to 5,000, Shuaa Capital hits 1.5-month low
September 8, 2014--A fresh flow of project announcement lifted the Dubai Financial Market General Index by 1.11 per cent to reach 5,090.76 points on Monday, September 8.
Emaar added 1.80 per cent to close at AED11.45, while construction giant Arabtec ended up by 1.93 per cent to AED4.76.
Doha exchange rises, while FIFA receives Qatar 2022 investigative report
September 8, 2014--The Qatar Exchange shrugged off worries about a renewed discussion on whether or not the gas-rich Gulf state will hold the 2022 FIFA World Cup as the first Arab nation.
The QE 20 Index rose 0.62 per cent to hit 13,968.91 points on Monday, September 8.
Bahrain shares dumped, index falls below key resistance level
September 8, 20154--The Manama-based Bahrain All-Share Index declined by 0.30 per cent to reach 1,467.25 points.
Since August 10, the resistance level has been tested three times and, with today's trading action, the sentiment turned bearish. Arab Banking Corporation lost 2.80 per cent to hit $0.700. Bahrain Telecom closed flat at BHD0.36.
Saudi Real Estate Company gains on dividends announcement
September 8, 2014--The Tadawul All-Share Index surged 1.43 per cent to reach 11,143.82 points on Monday, September 7.
Saudi Real Estate Company advanced by 1.43 per cent to reach SAR48.80.
While oil prices drop, Abu Dhabi bourse rises
September 8, 2014--The Abu Dhabi stock market gauge ADXGI closed 0.52 per cent higher at 5,187.75 points on Monday, September 8.
Investors demanded National Bank of Umm Al-Qaiwain (up by 7.70 per cent) and fish producer Asmak (5.27 per cent higher). Oil prices of DME Oman crude fell below $100 on Monday, closing $1.77 lower at $98.40.
Saudi Real Estate Company gains on dividends announcement
September 8, 2014--The Tadawul All-Share Index surged 1.43 per cent to reach 11,143.82 points on Monday, September 7.
Saudi Real Estate Company advanced by 1.43 per cent to reach SAR48.80.
While oil prices drop, Abu Dhabi bourse rises
September 8, 2014--The Abu Dhabi stock market gauge ADXGI closed 0.52 per cent higher at 5,187.75 points on Monday, September 8.
Investors demanded National Bank of Umm Al-Qaiwain (up by 7.70 per cent) and fish producer Asmak (5.27 per cent higher).
Saudi Stock Market August 2014
September 4, 2014--On July 22, 2014, the Saudi Arabian government approved the opening of its stock market, the Tadawul All Shares Index (TASI), to direct foreign investment. This decision was met with high approval from investors and economic experts throughout the Kingdom. On the day of the announcement, the Saudi market index breached the 10,000 point mark for the first time in six years, and closed the day at 10,025.14 points after jumping up over 275.12 points from when the day began.
Currently estimated at a capitalization of $530 billion, the Saudi stock market is the largest in the Arab world. This measure has been one of the most highly anticipated economic reforms in the Kingdom's recent history, and is set to take place in early 2015. The shift is predicted to dramatically increase the flow of foreign capital into the Kingdom, and carries the potential to instigate an inflow of up to $50 billion into the country.
Advanced Petrochemical in the spotlight on South Korea deal
September 4, 2014--The Tadawul All-Share Index closed 0.10 per cent higher at 11,068.83 points on Thursday, September 4.
Advanced Petrochemical surged 9.74 per cent to hit SAR59.50