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Qatar index hits 13,000 on earning expectations
July 16, 2014--Qatar bourse advanced broadly yesterday to hit the 13,000
mark on earnings expectations.
Kuwait bourse sheds 53.93 pts; volume dips
July 16, 2014--Kuwait stocks headed south on Tuesday, extending the losses to second straight session.
The market slid 53.93 points to 7,105.18 pts weighed by banks and other heavyweights.
UAE bourses merger shelved as terms not agreed: sources
July 10, 2014--A planned merger of the Dubai Financial Market DFM.DU and the Abu Dhabi Securities Exchange (ADX) has been shelved for the foreseeable future as terms for the politically sensitive move could not be agreed, sources told Reuters on Thursday.
Having been mooted for a number of years, a merger of the DFM and the ADX seemed to take an important step closer last year as investment banks were hired to advise on a tie-up-a move revealed by Reuters last October
Tadawul market adds 1.20 per cent over the week
July 10, 2014--The Riyadh-based Tadawul All-Share Index advanced 0.16 per cent to reach 9,803.29 points on Thursday, July 10.
Saudi Arabia Refineries Company was the top gainer as the share closed 5.24 per cent higher to hit SAR80.50. Gulf Union plummeted by 9.91 per cent to SAR28.90. The Saudi Arabian Capital Market Authority today imposed a fine
DP World hits one-month high despite Djibouti row
July 10, 2014--The FTSE NASDAQ Dubai UAE 20 Index finished the second trading week in Ramadan at 4251.56, up by 1.38 per cent, from the previous close.
DP World surged by 1.27 per cent to reach $20, the highest level since June 11. On Wednesday, the Wall Street Journal revealed the government of Djibouti's filing to the
Abu Dhabi market advances slightly
July 10, 2014--The ADX General Index gained 0.62 per cent to close at 4,847.14 points on Thursday, July 10.
Like at the DFM in Dubai,, market breadth was neutral. ABNIC gained the most (up by 14.91 per cent to AED4.70), while United Arab Bank hit a limit down, ending 10 per cent lower at AED6.30.
Dubai blue chips head northwards again
July 10, 2014--The Dubai equity market index DFMGI closed 1.50 per cent higher at 4,575.09 points on Thursday, July 10.
Market breadth was neutral like yesterday. Emaar Properties jumped 3.77 per cent to AED9.64. Arabtec regained 1.69 per cent to hit AED4.20, as the share is probably on the way to complete a V-shaped reversal pattern.
Bahrain bourse hits three-week high
July 10, 2014--After recovering continuously during the week, the Bahrain All-Share Index added 0.03 per cent to reach 1,441.14 points on Thursday, July 10.
Arab Banking Corporation gained 0.70 per cent. Islamic bank Albaraka Banking Group dived 2.38 per cent, finishing the day as the top-losing share. Gérard
The Saudi British Bank earns more, shares slip
July 9, 2014--The Riyadh-based Tadawul market added 0.10 per cent on Wednesday, July 9, closing at 9,787.41 points.
SABIC lost likewise 0.10 per cent, ending at SAR117.50. The Saudi British Bank (SABB) declined by 0.40 per cent to hit 49.50. The lender said it earned in the first half of 2014 a net income of SAR2.23 billion...
Abu Dhabi developer dips as Asteco releases quarterly report
July 9, 2014--The Abu Dhabi market index ADXGI fell by 0.10 per cent close at 4,840.23 points on Wednesday, July 9.
Aldar Properties declined by 0.28 per cent, finishing at AED3.60. Real estate services agency Asteco revealed earlier in the day, on average, apartment sales in the UAE climbed by four per cent quarter on quarter...