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Resilient Dubai market corrects the correction
April 7, 2014--The Dubai Financial Market General Index (DFMGI) closed 1.13 per cent higher at 4,641.31 points on Monday, April 7.
Gulf General Investment Company (GGICO) surged by 9.22 per cent to AED2.25. Meanwhile, banks' overall performances were weak. Investment bank Shuaa Capital fell by 4.12 per cent to AED1.63.
Abu Dhabi market hits 5,000 points
April 7, 2014-The Abu Dhabi Securities Exchange General Index (ADXGI) closed 0.92 per cent higher at 5,012.25 points on Monday, April 7.
National Corporation for Tourism and Hotels gained the most, ending 15 per cent higher (limit up) at AED13.80.
Qatar market is up and away
April 7, 2014--Ahead of the earnings season for the first quarter, the Qatar Exchange 20 Index gained 0.98 per cent to close at 12,216.75 points on Monday, April 7.
Mazaya Qatar rose by ten per cent to QAR18.39. Islamic Holding was one of the top losers, ending down by eight per cent to QAR73.60. Retail giant Mannai...
Khaleeji Commercial Bank leads Bahrain bourse advance
April 7, 2014--Posting its seventh gain in a row, the Bahrain All-Share Index closed 0.12 per cent higher at 1,375.55 points on Monday, April 7.
Market breadth, however, was negative, as three shares advanced, while six declined. Khaleeji Commercial Bank advanced by 3.77 per cent to reach BHD0.055. National Bank of Bahrain posted the biggest drop, finishing...
S&P affirms Qatar's ratings
April 6, 2014--Standard and Poor's (S&P) has affirmed its long and short term foreign and local currency sovereign credit ratings on Qatar at 'AA/A-1+' with a "Stable" outlook, Gulf Times has reported.
The country's strong net external and fiscal asset positions balance the concentration risk related to the economy's reliance on the oil and gas sector, S&P..
Ma'aden gets $2 billion financing for SABIC phosphate joint venture
April 3, 2014--The Tadawul All Share Index advanced by 0.22 per cent to 9,558.46 points on Thursday, April 3.
SABIC fell by 0.21 per cent to SAR118. Saudi Arabian Mining Company (Ma'aden) fell by 0.54 per cent to SAR36.5. Today,
Abu Dhabi market makes detour ahead of 5,000 points
April 3, 2014--The Abu Dhabi Securities Exchange General Index (ADXGI) fell by 0.64 per cent to 4,923.47 points on Thursday, April 3, despite positive market breadth.
United Arab Bank and Bank of Umm Al-Qaiwain fell by 8.75 per cent and 7.05 per cent, respectively.
Banks and Batelco pull Bahrain exchange higher
April 3, 2014--The Manama bourse continued to advance on Thursday, April 3.
The Bahrain All-Share Index gained 0.24 per cent to reach 1,367,83 points. NASS Corporation was the top gainer, ending up by 4.20 per cent at BHD0.174. Bahrain Telecom (Batelco) advanced 0.61 per cent, reaching BHD0.332
Qatar Islamic Bank gains on Zain co-financing
April 3, 2014--The Qatar Exchange 20 Index advanced by 0.37 per cent to 11,983.87 points on Thursday, April 3.
Qatar Islamic Bank (QIB) gained 0.94 per cent, reaching QAR75.50. Earlier in the day, QIB said it participated in a $250 million Murabaha syndicated Finance to Zain.
Citigroup report boosts Dubai market
April 3, 2014-The Dubai bourse finished the week with the fifth gaining session in a row, as the Dubai Financial Market General Index (DMFGI) closed 0.92 per
cent higher at 4,618.28 points on Thursday, April 3.
