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Dubai market does one step back, and 1.5 forward
August 20, 2014--A last-minute swing lifted the Dubai stock market index DFMGI into the green, as the gauge closed 0.10 per cent higher at 4,855.73 points on Wednesday, August 20, amid thin trading volumes.
The construction giant Arabtec and the Dubai's two biggest developers, Emaar and Union Properties, closed unchanged.
DP World locked up in yo-yo trading
August 20, 2014--The FTSE NASDAQ Dubai UAE 20 Index closed unchanged at 4,456.310 points on Wednesday, Aug. 20.
Market bellwether DP World dived two per cent to close at $20.09. The third largest container port operator has been trading in a narrow range around $20 since mid-July 2014.
Lacklustre Abu Dhabi market ends even
August 20, 2014--Abu Dhabi Ship Building was the top gainer, ending up 10.14 per cent to AED3.04.
RAK Ceramics lost the most, finishing 2.44 per cent lower to AED1.20.
Saudi bourse glues at 6-year high as kingdom eases foreign access to mega projects
August 19, 2014--Like on Monday, the Tadawul All-Share Index edged up by 0.10 per cent, finishing to hit 10,569.56 points on Tuesday, August 19.
Earlier in the day, Saudi daily Arab News reported that Saudi Arabia, the biggest oil producer in world, has eased procedures for major international companies to participate in the country’s vital projects in infrastructure,
Beaten boys join Dubai market recovery, Emaar at 2.5-month high
August 19, 2014--The Dubai stock market index DFMGI gained for the second session straight on Tuesday, August 19, closing 0.55 per cent to hit 4,852.06 points.
Steadily approaching the 5,000 points, which the gauge has seen the last time on June 8, shares coming under pressure recently joined the mini-rally.
Banks, industrials surge in Doha despite MSCI reversal on Mesaieed
August 18, 2014--The Qatar Exchange (QE) Index closed 1.70 per cent higher at 13,644.64 points on Monday, August 18.
The QE Al Rayan Islamic Index rose likewise by 1.70 per cent to hit 4,707.59 points. Qatar Islamic Bank surged 4.10 per cent, finishing at QAR115.
DP World soars ahead of H1 financial report
August 18, 2014--The FTSE NASDAQ Dubai UAE 20 Index closed 1.06 per cent higher at 4,423.52 points on Monday, August 18.
Dubai Ports (DP) World, the most valuable firm listed on the Middle East's only international market, climbed 1.75 per cent to hit $20.40.
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.