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Arabtec hits AED7, Emaar flirts with AED11
April 10, 2014--The ongoing real estate boom in Dubai continues to fuel share prices of real estate-related companies.
On Thursday, April 10, the Dubai Financial Market General Index (DFMGI) closed 1.11 per cent higher at 4,839.39 per cent. Arabtec and Union Properties were the most liquid shares, advancing 1.16 per cent and 4.36 per cent, respectively...
Bahrain market index erases of the last two weeks
April 9, 2014--The Bahrain All Share Index rose for the eighth session straight on Wednesday, April 9, finishing at 1,388.46 points.
Bahrain Telecom, better known as Batelco, added 1.19 per cent to hit BD0.340. Earlier in the day, Batelco said it finalised the acquisition of 46 per cent in Quality Net from Ali Alghanim & Sons General
Barwa shareholders okay dividend distribution
April 9, 2014--The Qatar Exchange 20 Index gained 1.52 per cent to close at 12,375.03 points on Wednesday, April 9.
Barwa Real Estate advanced by 1.21 per cent to reach QAR37.70. Earlier in the day, the Islamic developer said in a filing to the market at the annual general meeting shareholders approved the distribution of a 20...
Abu Dhabi market consolidates above 5,000 points
April 9, 2014--The ADX General Index closed up by 1.23 per cent at 5,068.27 points on Wednesday, April 9.
The gauge has gained more than 72 per cent in the past 12 months. RAK Properties gained the most, ending 6.25 per cent higher at AED1.36 and Aldar Properties finished 2.06 per cent higher at AED3.96.
Saudi market opens lower and closes higher
April 8, 2014--The Tadawul All Share Index added 0.61 per cent to 9,565.28 points on Tuesday, April 8.
Bank Al Bilad rose by 3.37 per cent to SAR42.90 after the lender published its interim result for the first quarter. The lender generated a net income of SAR173.7 million...
Bahrain bourse extends record-long gaining streak
April 8, 2014--The Bahrain All Share Index rose for the third session straight, closing 0.65 per cent higher at 1,384.48 points on Tuesday, April 8.
Al Salam Bank Bahrain advanced by 1.90 per cent to BHD0.216. In a filing to the Manama market, Al Salam Bank said it entered an increase of its authorised share capital of...
Qatar market rally halted
April 8, 2014--Following a ten-session long gaining streak, the Qatar Exchange 20 Index slipped by 0.22 per cent to close at 12,189.69 points on Tuesday, April 8. Islamic
Holding dived by 9.37 per cent to QAR66.70.
Dubai market rises amid negative market breadth
April 8, 2014--The Dubai Financial Market (DFM) General Index closed 1.92 per cent higher at 4,743.40 points on Tuesday, April 8.
Arabtec was the most liquid share and finished at AED6.66 (up by 6.05 per cent). Eleven shares gained and 16 declined in value.
Banque Saudi Fransi starts 2014 with solid quarter earnings
April 7, 2014--The Tadawul All-Share Index fell by 0.25 per cent to 9,507.58 points on Monday, April 7.
SABIC, the market bellwether, edged down by 0.64 per cent to SAR117. Banque Saudi Fransi added 0.24 per cent to SAR41. Earlier in the day, the lender revealed that its net profit reached SAR856 million for Q1 2014...
Abu Dhabi, Dubai bourses agree on merger
April 7, 2014--Sheikh Ahmed bin Saeed Al-Maktoum, head of Dubai's supreme fiscal council has said that an agreement to merge the Dubai Financial Market and the Abu Dhabi Securities Exchange had been reached in principle,
but nothing had been finalized, Reuters has reported.
