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Emaar-day fails to lift Dubai market index
May 14, 2014--Although market bellwether Emaar Properties gained nearly six percent to reach AED10.90, the Dubai Financial Market General Index (DFMGI) fell by 0.16 per cent to close at 5,318.74 points on Wednesday, May 14.
The reason behind the divergence was market breadth, which was negative, as seven shares advanced, while 24 declined in value.
Ooredoo shares advances as telecom giant seals $498 million financing
May 14, 2014--The Qatar Exchange 20 Index declined by 0.11 per cent to hit 13,,160.60 points on Wednesday, May 14.
Ooredoo, formerly Qatar Telecom, gained 0.96 per cent to close at QAR147.40. Earlier in the day, Ooredoo announced the signing of three commodity Murabaha facilities for a total of $498 million.
Bahrain market extends sideways trading
May 14, 2014--The Bahrain All-Share Index closed flat at 1,468.12 points on Wednesday, May 14.
Share performance was mixed, reflecting no direction among industry sectors. Arab Banking Corporation jumped two per cent to hit $0.77. Bahrain Islamic Bank recorded the biggest drop, finishing off three per cent lower at BHD0.163.
SABIC back above SAR120
May 13, 2014--The GCC equity bellwether index Tadawul All-Share Index closed 0.41 per cent higher at 9,816.19 points on Tuesday, May 13.
SABIC was the second most liquid share and edged up by 1.08 per cent to close at SAR120.25. Tihama Advertising & Public Relations Company lost the most, ending down 5.76 per cent at SAR286.25. National ...
Arabtec jumps, UPP and Deyaar tumble
May 13, 2014--The Dubai Financial Market General Index (DFMGI) advanced by 2.17 per cent to close at 5,214.25 points on Tuesday, May 13.
Arabtec was the share of the day, as the UAE’s first construction firm gained 11.65 per cent to hit AED7.38. Developer Emaar gained three per cent to reach AED10.30. Emaar rivals Union Properties (UPP) ...
Qatar market rallies further ahead of MSCI upgrade
May 13, 2014--The Doha-based QE 20 Index consolidated above 13,000 points by gaining 0.82 per cent to hit 13,174.74 points on Tuesday, May 13.
Bank Emirates NBD in Dubai revealed yesterday (Monday, May 12) that the upcoming upgrade of the Qatari market to emerging market status on June 2 should prove supportive, especially since some tracker funds ...
Waha shares fail to benefit from strong first-quarter report
May 13, 2014--Outdoor temperatures in the UAE rose sharply on Tuesday, so did stock prices.
The Abu Dhabi exchange index ADXGI added 0.56 per cent to hit 5,035.19 points on Tuesday, May 13. Union Cement gained the most, finishing 14.39 per cent higher at AED1.51. Aviation and maritime leasing specialist Waha Capital slipped 0.30 per cent to ...
DP World soars ahead of MSCI's UAE upgrade
May 13, 2014--he FTSE NASDAQ Dubai UAE 20 Index jumped 2.32 per cent to close at 4, 652.43 points on Tuesday, May 13.
Dubai Ports (DP) World surged by 4.37 per cent to hit $19.60, a one-month high. Emirates REIT, the Islamic real investment trust,slipped 0.68 per cent to $1.47. The UAE (along with Qatar) will be...
SABIC gains as Emirates NBD sees more growth for petrochems
May 12, 2014--The Riyadh-based Tadawul All-Share Index added 0.11 per cent to reach 9,775.85 points on Monday, May 12.
SABIC, the world's biggest manufacturer of petrochemicals gained 0.24 per cent to close at SAR118.75.
Earlier in the day, Anita Gupt, the equity strategist at Emirates NBD wealth management said she was positive on chemicals and long-term prospects
Dubai market bounces back
May 12, 2014--After a sell-off that dragged the Dubai Financial Market General Index (DFMGI) down by more than three per cent on Sunday, the gauge rebounded by 1.40 per cent to close at 5,214.25 points on Monday, May 12.
Emaar climbed by 0.50 per cent to hit AED10. Drake and Scull International (DSI) declined by 2.30 per
