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Dubai bourse rises as Emaar hits six-year high on mall IPO euphoria
September 1, 2014--The Dubai financial market continued to rally on Monday, September 1, albeit amid a negative market breadth.
Emaar remained in the spot light, closing 4.50 per cent higher at AED11.65, the highest level since spring 2008.
NASDAQ Dubai resumes trading in Depa shares
September 1, 2014--The FTSE NASDAQ Dubai UAE 20 Index closed 1.71 per cent at 4,622.44 points on Monday, September 1.
DP World fell by 1.55 per cent at $19. Emirates REIT slipped 0.07 per cent at $1.44. Per the order to the market regulator DFSA, the exchange resumed trading in interior design firm DEPA Limited.
Aldar advances as developer sells Marina Square residential tower
September 1, 2014--The Abu Dhabi equity market index ADX General ended up 0.90 per cent at 5,128.57 points on Monday, September 1.
Aldar Properties, as the most liquid stock, gained 1.75 per cent to reach AED1.75. Earlier in the day, the first developer in Abu Dhabi announced that it sold a residential tower with 202 apartments...
Qatar Exchange scratches at 13,700
September 1, 2014--The Doha-based Qatar Exchange (QE) 20 Index added 0.76 per cent, finishing the first day of September 2014 at 13,699.51 points.
Qatar National Bank ended up 1.80 per cent at QAR197. General Insurance lost the most, finishing off 1.90 per cent at QAR46.10.
Massive growth potential for Sukuk market in Gulf region, states Dubai Chamber report
Research note sees key role for Sukuks over next decade in securing funds for major projects in Dubai
September 1, 2014--The global Sukuk industry is expected to be one of the fastest growing segments of the Islamic finance industry with huge growth potential in the Gulf Cooperation Council (GCC) region; particularly in Dubai where Sukuks are expected to play an important role over the next decade in securing funds for the substantial line-up of new projects, a report by the Dubai Chamber of Commerce and Industry has stated.
The observations in the report, based on UK Islamic Finance Secretariat (UKIFS) and Malaysia International Islamic Financial Centre (MIFC) data...
MCDR, NASDAQ Dubai to ink dual listing deal in September
August 28, 2014--Egypt's Misr for Central Clearing, Depository & Registry (MCDR) will sign early next month a cooperation agreement with UAE’s NASDAQ Dubai to allow listed companies on both stock markets to dually list their shares in a bid to diversify investment opportunities offered to investors.
Mohamed Abdel Salam, Chairman, MCDR, said in an exclusive to Al Wafd newspaper that MCDR is keen on dual listing with all bourses in the region in order to facilitate dealings for companies wishing to trade in more than one stock market.
Saudi market rally loses steam
August 28, 2014--The Riyadh-based Saudi Stock Exchange finished one of the last trading days in August with a day gain of 0.11 per cent, to hit 11,042.03 points on Thursday, August 28, despite negative market breadth.
Seventy shares advanced, while 79 declined.
Aluminium Bahrain consolidates at 18-month high
August 28, 2014--In Manama, the Bahrain All-Share Index closed 0.11 per cent higher at 1,475.68 points on Thursday, August 28.
Aluminium Bahrain surged by 1.41 per cent, finishing at BHD0.505.
DP World drags down NASDAQ Dubai market index
August 28, 2014--The FTSE NASDAQ Dubai UAE 20 Index closed 2.12 per cent lower at 4,421.35 points.
Emirates REIT posted the biggest advance, finishing 1.33 per cent higher at $1.449. DP World plummeted 3.54 per cent to hit $18.78.
Investors unimpressed by ex-Arabtec CEO's price demand
August 28, 2014--The Dubai Financial Market General Index fell by 1.16 per cent to close at 4,928.22 points on Thursday, August 28.
Profit takings are a usual occurrence at the end of the month, as fund managers are eager to embellish their monthly results ('performance cosmetics').