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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...
Overheating fears drag Abu Dhabi bourse down
June 9, 2014--The UAE capital equity index (ADXGI) lost one per cent to close at 4,948.10 points on Monday,June 9.
Finance House gained the most,edging up by 4.80 per cent to hit AED3.50. Aldar Properties plummeted by 4.30 per cent to AED4.02. The biggest developer in Abu Dhabi came under pressure like all listed developers...
Qatari insurers buck downtrend
June 9, 2014--The Qatar Exchange 20 Index lost 1.37 per cent to close at 12,969.65 points on Monday,June 9.
Banks were sold,in particular. Qatar National Bank,Commercial Bank of Qatar and Qatar Islamic Bank fell by 0.40 per cent,1.64 per cent and two per cent,respectively. Qatar Insurance and Doha Insurance advanced by 1.63...
Saudi Arabia's Almarai upgrades import capacity
June 5, 2014--The Saudi Stock Exchange saw its market index TASI adding 0.04 per cent to hit 9,860.41 points on Thursday, June 5.
The shares of food and beverages producer Almarai closed 0.31 percent to reach SAR71.
Emaar malls' sukuk raises mood at Dubai market
‎June 5, 2014--The Dubai Financial Market General Index (DFMGI) ended a two-day losing streak and finished the first week of June 1.63 per cent higher at 5,100.68 points on Thursday, June 5.
Market leader Emaar Properties was in the limelight on the trading floor. The biggest developer in the UAE gained two per cent to hit AED10.15...
Abu Dhabi market rebounds to reach 5,055 points
June 5, 2014--In Abu Dhabi, the local stock market index (ADXGI) advanced 0.73 per cent on Thursday, June 5. Arkan Building Materials jumped 3.60 per cent to hit AED2.30.
Gulf Livestock Company recorded the biggest drop, ending off by 9.85 per cent to AED5.49. Market breadth was neutral, as 14 shares advanced and 14 declined in value..
Qatar Exchange rises with regional recovery
June 5, 2014--Parallel to a general relief rally at GCC markets on Thursday, June 5, the QE 20 Index halted a three-day losing streak and finished 0.68 per cent higher at 13,232.06 points. Mannai Corp failed to join and lost 2.58 per cent to close at QAR113.10.
Earlier in the day, Mannai revealed that its wholly owned...
Ithmaar Bank a lonely gainer at Manama market
June 5, 2014--The Bahrain All-Share Index advanced by 0.10 per cent to hit 1,461.55 points on Thursday, June 5.
Ithmaar Bank, after plummeting by 6.45 per cent yesterday, advanced 3.45 per cent to close at $0.15. No share lost value. Aluminum Bahrain closed unchanged at BHD0.444.
