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Sudatel soars at Abu Dhabi market on H1 results
August 18, 2014--Abu Dhabi-listed shares performed mixed on Monday, August 18, with the equity market index ADXGI rising by 0.70 per cent at 5,051.53 points.
Sudanese telecom firm Sudatel jumped 7.22 per cent to close at AED1.04.
Dubai developers gain on EC Harris report
August 18, 2014--The Dubai stock market index DFMGI advanced by 0.74 per cent to hit 4,825.60 points on Monday, August 18.
Emaar and Union Properties, the first and second developers in Dubai, gained 1.50 per cent and one per cent, respectively. Aman Insurance lost the most, ending off 2.30 per cent at AED0.904.
Saudi market steady after IMF upgrade for kingdom
August 18, 2014--The Tadawul All-Share Index closed 0.10 per cent higher at 10,650.09 points on Monday, Aug. 18.
Earlier in the week, the IMF upgraded its growth forecast for the oil-rich kingdom for 2014 to 4.6 per cent, from 4.1 per cent.
Aldar up, Dana flat, Arkan Building Materials plummets
August 14, 2014--In Abu Dhabi, shares ended a volatile week mixed, leaving the market index ADXGI up one per cent at 5,052.94 points on Thursday, Aug. 14.
Aldar Properties, the first developer in the UAE capital, added 0.92 per cent to hit AED3.69. Dana Gas stabilised at AED0.71.
Qatar market reacts slightly to Credit Suisse's FIFA dropout scenario
August 14, 2014--The Qatar Exchange 20 Index slipped 0.13 per cent to 13.505.26 points on Thursday, August 14.
Earlier in the day, Credit Suisse revealed in a study on the possible impact on the Qatari economy that if the gas-rich state would lose its role of hosting the 2022 FIFA World Cup, the short-term effect would translate...
Emaar slips as mall IPO date remains open
August 14, 2014--The Dubai Financial Market General Index advanced by 0.17 per cent to reach 4,813.06 points on Thursday, August 14.
Emaar fell by 0.50 per cent to AED10.05.
Saudi Arabia's Bahri progresses with Vela merger
August 14, 2014--Saudi Arabia's stock index TASI fell by 0.05 per cent to 10,588.26 points on Thursday, Aug. 14.
The Mediterranean and Gulf Insurance and Reinsurance Co. surged nine per cent to hit SAR47, closing the week as a top gainer.
Lack of catalysts, neutral market breadth in Riyadh
August 12, 2014--The Saudi Stock Exchange saw its Tadawul All-Share Index falling by 0.07 per cent to close at 10,588.89 points on Tuesday,Aug. 12.
The advance-decline ratio ended in absolute neutral territory as 73 shares gained while 73 stocks lost value.
NASDAQ Dubai lures Gulf Finance House for sukuk issuance
August 12, 2014--The FTSE NASDAQ Dubai UAE 20 Index added 0.10 per cent to reach 4,374.15 points on Tuesday,August 12.
The shares of DP World closed flat at $20. Emirates REIT lost 1.40 per cent to end at $1.44.
Doha-listed shares gain across the board
August 12, 2014--The Qatar Exchange 20 Index ended up by 1.10 per cent to 13,279.27 points,despite a lack of catalysts,such as earnings results.
Qatar Oman Insurance gained the most,closing 10 per cent higher at QAR17.49. Islamic Insurance edged up by 4.20 per cent to reach QAR89.60.
