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Qatar index falls back below 13,000
June 11, 2014-With the exception of the transport sector, all industry indices ended in the red on Wednesday, June 11, in Doha, as the QE20 index declined by 0.45 per cent to closed at 12,912.81 points.
A lack of catalysts and the general bearish mood in the GCC which started in mid-May led to losses among bellwether...
Emaar bucks Dubai market drop
June 11, 2014--The Dubai Financial Market General Index (DFMG) fell by 0.60 per cent to 4,665.24 points, on Wednesday, June 11, marking the gauge's fourth fall in a row.
Emaar bucked the trend by gaining 0.11 per cent to finish at AED9.50. Arabtec Holding dived 7.80 per cent at AED4.50. Earlier in the day, Hasan Ismaik, the...
Insurers halt Abu Dhabi market decline
June 11, 2014--The Abu Dhabi equity market index ADXGI advanced by 0.14 per cent to hit 4,876.49 per cent at on Wednesday, June 11, ending a three-day losing streak.
Islamic insurance firms Watania and Methaq Takaful Insurance Company jumped 5.83 per cent, finishing at AED1.09. Around 215 million shares were traded valued at AED652 million. Earlier in...
SABIC helps Saudi market index to stabilise
June 10, 2014--Riyadh-based Tadawul All-Share Index (TASI) gained 0.14 per cent to close at 9,905.68 points on Tuesday, June 10, albeit market breadth was negative, as 60 shares advanced, while 85 stocks declined in value.
SABIC, as the third most liquid share, recovered another 0.10 per cent to hit SAR117.50. Two weeks ago, the world’s biggest manufacturer...
DP World defends level above USD20
June 10, 2014--The FTSE NASDAQ Dubai UAE 20 Index closed off two per cent at 4360.05 on Tuesday, June 10.
Dubai Ports (DP) World bucked the downtrend and gained 2.34 per cent to hit U$20.98. Emirates REIT advanced by 0.68 per cent at U$1.47.
RAK Bank announces euro medium-term note scheme
June 10, 2014--The Abu Dhabi market index (ADXG) lost for the third day straight, ending down by 1.60 per cent to 4,869.67 points on Tuesday, June 10.
Sector indices lost across the board, with the exception of services. RAK Bank closed unchanged at AED8.23. Earlier in the day, the national bank of Ras Al Khaima revealed in...
Arabtec plummets as bulls lose the intra-day fight once more
June 10, 2014--After opening with modest gains, the Dubai Financial Market General Index (DFMG) dived 1.63 per cent to 4,693.20 points on Tuesday, June 10, representing a three-week low.
Construction giant Arabtec Holding dived 9.96 per cent (a near limit down) to AED4.88. Arab Insurance Group and Oman Insurance Group, on the other hand, gained 15 per...
Exhausted Dubai market dives another four per cent
June 9, 2014--The Dubai Financial Market General Index (DFMGI) plummeted 4.06 per cent to close at 4,771.10 points on Monday, June 9, in its biggest day-drop in weeks.
Since its 2014-high of 5,374 points (reached on May 6), the gauge lost more than 11 per cent. Emaar fell by 3.72 per cent to close at AED9.58. Dubai...
Saudi Arabia to launch sovereign fund
June 9, 2014-Saudi Arabia's Shoura Council is set to discuss a draft law for the National Reserve Fund in meetings scheduled for today and tomorrow in Riyadh, Arab News has reported.
The fund will be tasked with investing state reserves "to assure the kingdom's financial stability," said Saad Al-Mareq, chairman of the financial affairs committee at the...
Riyadh market breaks out of range trading
June 9, 2014--The Saudi Arabian Tadawul All-Share Index TASI on Monday,June 9,gained 0.40 per cent to hit 9,892.12 points,the first significant advance since June 1.
Market bellwether SABIC,the world's largest producer of petrochemicals,added 0.51 per cent to SAR117.25. Tihama Advertising and Public Relations Company dived 9.90 per cent to SAR211.50,finishing as...