Middle East News Older Than 1 year-If your looking for specific news, using the search function will narrow down the results
'Bubble' warnings keep Dubai market at bay
May 8, 2014--The Dubai Financial Market General Index (DFMGI) closed unchanged at 5,302.09 points on Thursday, May 8.
Trading turnover plummeted by one third, as approximately 575 million shares worth AED1.68 billion changed hands. Since January 1, the DFMGI has gained 55 per cent in value. Emaar dipped by one per cent to AED10.15. Earlier in the...
SABIC, Dar Al-Arkan lift Tadawul market
May 8, 2014--The Riyadh-based Tadawul All Share index closed 0.43 per cent higher at 9,787.03 points, on Thursday, May 8.
Media reports that the GCC region's first exchange in relation to market capitalisation is examining to go public lifted the gauge. Saudi Basic Industries (SABIC), the exchange's bellwether, added 0.71 per cent to reach SAR119.
Waha Capital, Taqa lead Abu Dhabi bourse higher
May 8, 2014--In Abu Dhabi, the equity market index (ADXGI) gained 0.36 per cent to reach 5,045.01 points on Thursday, May 8.
Year to date, the gauge has risen by 17.6 per cent. Abu Dhabi National Energy Company (Taqa) advanced the most (up by 5.83 per cent), followed by Waha Captial that surged by 5.70 per cent.
Qatar market bounces back
May 8, 2014--After falling for two days, the Qatar market index (QE 20) re-gained territory on Thursday, May 8, closing 0.31 per cent higher at 12,961.40 points.
Al Khaliji Commercial Bank advanced by 0.05 per cent to QAR23.08. Earlier in the day, the lender announced the opening of its latest branch at The Pearl Qatar, a manmade...
DP World returns to $19
May 8, 2014--At the Nasdaq Dubai, the shares of Dubai Ports (DP) World closed 0.05 per cent higher at $19.
Emirates REIT, the Islamic property investment trust, gained 0.70 per cent to hit $1.47. Interior design firm DEPA Limited dived 7.25 per cent to $0.64.
Dubai market rally halted
May 8, 2014--The Dubai Financial Market General Index (DFMGI) broke a four-winning streak on Wednesday, May 7, falling by 1.34 per cent to close at 5,301.94 points.
The gauge hit the upper Bollinger Band on Tuesday, which is usually a sell signal. Emaar finished off 0.50 per cent to end at AED10.25. Air Arabia added another 7.48...
Riyadh bourse pinned down at 9,745 points
May 7, 2014--The Saudi Stock Exchange's Tadawul All Share index closed 0.03 per cent higher at 9,744.12 points, amid neutral market breadth on Wednesday, May 7.
Market breadth was fairly balanced as 65 shares advanced while 74 stocks declined in value. Developer Dar Al-Arkan jumped 2.23 per cent to hit SAR13.30. Market bellwether SABIC lost 0.70 per...
Bahrain market gains for the 11th session straight
May 7, 2014--The Bahrain All-Shares Index added a tiny 0.20 per cent, closing at 1,469.41 points on Wednesday, May 7.
Gulf Hotels surged 5.26 per cent to reach BD0.80. Islamic Bank Salam Bank fell by 2.52 per cent to BD0.232
Bahrain market gains for the 11th session straight
May 7, 2014--The Bahrain All-Shares Index added a tiny 0.20 per cent, closing at 1,469.41 points on Wednesday, May 7.
Gulf Hotels surged 5.26 per cent to reach BD0.80. Islamic Bank Salam Bank fell by 2.52 per cent to BD0.232
Tadawul says 'going public'
May 7, 2014--Saudi Arabia's stock exchange, Tadawul, plans to sell shares in an initial public offering (IPO), as the Arab world's largest bourse seeks to gradually open up to foreigners and boost institutional investment' Bloomberg has reported.
The bourse will hire advisers soon for the share sale, Tadawul CEO, Adel Al Ghamdi said. That would make it...