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Khaleeji Commercial Bank seals MoU with Dadabhai Development
May 6, 2014--The Dubai Financial Market General Index (DFMGI) gained for the fourth session straight,advancing by 0.80 per cent to 5,374.11 points on Tuesday, May 6.
The gauge broke through the upper Bollinger band,usually signalling a trend reversal. Air Arabia was the share of the day,as the budget carrier from Sharjah closed 8.90 per...
Financials lead Dubai market higher
May 5, 2014--The Dubai Financial Market General Index (DFMGI) advanced by 1.60 per cent to 5,331.36 points on Monday, May 5.
Mashreq Bank and Dubai Islamic Bank gained the most, edging up by eight per cent and 6.28 per cent, respectively. Emaar failed to sustain upwards momentum and closed 1.44 per cent lower at AED10.30. Fourteen shares ...
Financials lead Bahrain bourse rally
May 5, 2014--The Bahrain All-Share Index closed 1.11 per cent higher at 1,455.50 points on Monday, May 5.
Insurance giant ARIG gained 10 per cent to hit $0.495. Arab Banking Corporation jumped by 6.94 per cent to $0.77. Ahli United Bank (AUB) finished even at $0.80. AUB revealed that, in the first quarter of 2014, its net ...
Saudi market rally halted
May 5, 2014--The GCC bellwether equity index Tadawul All Share closed 0.15 per cent lower at 9,740.83 points, amid neutral market breadth on Monday, May 5.
Saudi Basic Industries (SABIC), the world’s biggest producer of petrochemicals (and increasingly of metals), was the most active share in relation to turnover and finished down by 0.63 per cent at ...
Abu Dhabi bourse consolidates above 5,000 points
May 5, 2014--The Abu Dhabi market index (ADXGI) closed 0.61 per cent higher at 5,091.23 points on Monday, May 5.
Aldar was the most liquid share, which ended up by 0.96 per cent at AED4.19. Emirates Insurance Company (EIC) was not traded, the last closing stood at AED8. Earlier in the day, EIC revealed that its net...
Qatar market index knocks at 13,000 points
May 5, 2014--The Qatar market index (QE 20) gained one per cent to reach 12,854.26 points on Monday, May 5. Market bellwether Industries Qatar closed 1.73 per cent higher at QAR188.30.
Al Ahli Bank dipped by 0.56 per cent to QAR53.50. On May 4, the lender obtained an upgrade in ratings from Fitch; the long-term currency rating...
Nine Qatari firms seen to qualify for MSCI list
May 5, 2014--Rashid bin Ali Al Mansoori, CEO of Qatar Exchange (QE) has said the international index compiler MSCI will announce the names of Qatari companies to be qualified for its Emerging Market list on May 14
the Peninsula has reported. Qatar bourse expects that at least nine local companies will be eligible to get into the...
Gulf General soars on insurance products' approval
May 1, 2014-- The Riyadh-based Tadawul All Share Index advanced by 0.78 per cent to reach 9,660.13 points on Thursday, May 1.
Gulf General Insurance Cooperative Insurance jumped by 5.46 per cent to hit SAR47.50. Earlier in the day, the firm revealed that the Saudi Arabian Central Bank has temporarily approved the use of insurance products for the coming
Abu Dhabi developers march upwards on labour day
May 1, 2014--The Abu Dhabi market index (ADXGI) lost by 0.53 per cent to close at 5,044.62 points on Wednesday, April 30.
Eshraq Properties was the most liquid shared and edged up by 3.27 per cent to hit AED2.21. Aldar Properties, the biggest developer in the UAE capital, advanced by the same degree and closed at AED4.15.
Du net income slightly higher in first quarter
May 1, 2014--Dubai Financial Market General Index (DFMGI) advanced by 0.38 per cent to 5,078.37 points on Thursday, May 1.
The shares of Emirates Integrated Telecommunication Corporation, also known as du, fell by 1.17 per cent to AED5.90. Since January 1, du shares have lost by approximately 11.26 per cent. Earlier in the day, the UAE's second
