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No gainer at the NASDAQ Dubai
August 7, 2014--The FTSE NASDAQ Dubai UAE 20 Index finished 0.61 per cent higher at 4,296.67 points on Thursday, August 7.
The gauge measures the performance of the most liquid shares listed on the DFM,the ADX in Abu Dhabi and the NASDAQ Dubai. DP World closed unchanged at $20.00.
Qatar joins Saudi in relaxing foreign access to bourse
August 6, 2014--Qatar's Emir Tamim bin Hamad Al Thani has approved a law allowing foreigners to own up to 49 per cent of shares in companies listed on the Qatar Exchange.
Until now, foreigners could only acquire up to 25 per cent of Qatari companies. Under the new regulation, however, foreign investors will also be able to become majority shareholders if the Ministry of Finance gives them permission.
SABB/HSBC PMI Index two-year high lifts Tadawul bourse
August 6, 2014--The Saudi Arabian Tadawul All-Share Index closed 0.27 per cent higher at 10,478.34 points on Wednesday, August 6.
Earlier in the day, The Saudi British Bank "SABB" has published the results of the headline SABB HSBC Saudi Arabia Purchasing Managers' Index(SM) (PMI(TM)) for July 2014- a monthly report issued by the bank and HSBC. The monthly-adjusted...
Etisalat, Dana Gas in the spotlight at Abu Dhabi market
August 6, 2014--The Abu Dhabi stock market index ADXGI fell for the fourth session straight on Wednesday,August 6,closing 0.94 per cent lower at 4,916.23 points Market bellwether Etisalat,the most valuable company in the UAE,lost 0.43 per cent to reach AED11.40.
Commenting on media reports regarding a planned going public of its subsidiary Etisalat...
Dubai market dives amid Ukraine worries
August 6, 2014--The Dubai financial market equity index DFMGI plummeted 2.40 per cent to hit 4,726.57 points on Wednesday, August 6.
Asian markets gave negative input on rising concerns Russia and Ukraine might head to a full-scale military escalation due to Ukrainian forces advancing towards its Eastern border with Russia.
DP World bucks sluggish market trend
August 6, 2014--The crossover-markets gauge FTSE NASDAQ Dubai UAE 20 Index dived 2.41 per cent to hit 4,270.610 on Wednesday, August 6.
Dubai Ports (DP) World added 0.50 per cent to close at $20. No other listed shares at the NASDAQ Dubai posted a price change.
Foreign firms lift JSE higher
August 5, 2014--The local bourse edged up as a weak rand lifted shares of
companies that generate most of their revenue in foreign currencies.
Lacklustre Abu Dhabi bourse fails to consolidate beyond 5,000 points
August 4, 2014--The Abu Dhabi equity index ADXGI lost 0.50 per cent to close at 4,968.06 points on Monday, August 4.
Methaq Takaful topped the charts by gaining 5.71 per cent to reach AED1.11. National Bank of Umm Al-Quwain plummeted 9.76 per cent to AED3.33. Market bellwether Etisalat dipped slightly to reach AED11.45.
Emaar shares shave AED10 at Dubai market
August 4, 2014--The Dubai financial market equity index DFMGI closed higher at 4,891.25 points on Monday, August 4.
Emaar-and not Arabtec as usual-was the most liquid share as the UAE's first developer inched up by 3.55 per cent to hit AED10.15, a two-month high. After the closure, Emaar said its net income in...
Investcorp annual result lifts Bahrain Bourse
August 4, 2014--The Bahrain All-Share Index continued its dogged recovery and closed 0.19 per cent higher at 1,475.25 points on Monday, Aug. 4.
Lenders performed well in particular. Islamic financial institution Salam Bank Bahrain jumped 4.80 per cent to hit BD0.22. Khaleeji Commercial Bank edged up by 2.04 per cent higher to reach BD0.050
