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Abu Dhabi-listed stocks lose across the board
September 4, 2014--The ADX General Index fell by 0.76 per cent to 5,141.18 points on Thursday, September 4.
Dana Gas dived 2.74 per cent to AED0.71. Abu Dhabi Commercial Bank gained the most, finishing 2.51 per cent higher at AED8.58.
Dubai market "PR rally" loses steam
September 4, 2014--The Dubai financial market general index (DFMGI) finished the first trading week of September lost one per cent to close at 5, 171.95 points on Thursday, September 4.
Emaar lost 1.30 per cent to hit AED11.55.
Qatar exchange index eyes 14,000 points
September 4, 2014--Doha shares bucked the sluggish trend in the GCC on Thursday, September 4, and closed 1.07 per cent higher at 13,985.98 points.
Qatar National Bank, the biggest lender in the GCC in relation to assets, consolidated above QAR200, closing 2.60 per cent higher at QAR209.80.
Bahrain Bourse stabilises
September 4, 2014--The Bahrain All-Share Index advanced by 0.10 per cent to reach 1,471.88 points on Thursday, September 4.
Delmon Poltry Company surged 7.70 per cent to BD0.28. Islamic bank Ithmaar dived 3.03 per cent to $0.16.
Swift to launch Islamic Finance Rulebook
September 4, 2014--Swift, in collaboration with The Association of Islamic Banking Institutions Malaysia (AIBIM) and the Malaysian Islamic financial community, announces that it will launch a new rulebook for the usage of Swift MT messages Isfor lamic finance.
Islamic finance is broadly defined as the financial services designed to comply with the principles of Islamic law.
This rulebook will provide greater clarity around Swift MT message usage based on Islamic principles in order to enable straight-through processing (STP), thereby improving efficiency as well as reducing risk and cost.
Dar Al Arkan shares fail to bank on Moody's rating
September 3, 2014--The Tadawul All-Shares Index TASI consolidated above 11,000 points on Wednesday, September 3.
The gauge closed 0.12 per cent higher at 11,061.14.
UAE non-oil private sector boom boosts stock market
September 3, 2014--With the UAE economic boom 'in full flow', according to HSBC chief economist Middle East and North Africa Simon Williams, the Dubai financial market general index (DFMGI) rose by 1.11 per cent to close at 5,171.95 points on Wednesday, September 3.
The gauge gained 57 per cent year to date.
Waha Capital soars on hedging of AerCap investment
September 3, 2014--In Abu Dhabi, the ADX General Index ended one per cent higher at 5,180.71 points on Wednesday, September 3.
Waha Capital surged by 3.40 per cent to reach AED3.05.
Saudi bourse flat as shares close mixed
September 1, 2014--The Tadawul All-Share Index added 0.04 per cent to hit 11,116.75 points on Monday, September 1.
WAFA Insurance surged 9.97 per cent to reach SAR37.50. AXA Cooperative Insurance dived 4.73 per cent to SAR49.30. Market bellwether share SABIC, the world's first producer of petrochemicals, dipped 0.25 per cent to SAR132.75.
Saudi bourse flat as shares close mixed
September 1, 2014--The Tadawul All-Share Index added 0.04 per cent to hit 11,116.75 points on Monday, September 1.
WAFA Insurance surged 9.97 per cent to reach SAR37.50. AXA Cooperative Insurance dived 4.73 per cent to SAR49.30. Market bellwether share SABIC, the world's first producer of petrochemicals, dipped 0.25 per cent to SAR132.75.