view more
Arabtec in the focus at Dubai market amid top level reshuffle
April 2, 2014--The Dubai Financial Market General Index (DFMGI) gained for the fourth consecutive session closing 1.23 per cent higher at 4,576.31 points on Wednesday, April 2.
Emaar slipped by 0.50 per cent to AED10.05. Arabtec Holding jumped by two per cent to AED6.14. Earlier in the day, Arabtec said it appointed Dr Nabil Ailabouni as CEO...
view more
Abu Dhabi Ship Building gains as its annual net profit soars
April 2, 2014--The Abu Dhabi Securities Exchange General Index (ADXGI) closed flat at 4,955.12 points on Wednesday, April 2.
Abu Dhabi Ship Building (ADSB) gained 1.30 per cent to AED3.93. Earlier in the day, ADSB said its consolidated net profit in 2013 reached AED51 million ($13.9m), up from AED29m ($7.91m). Dana Gas was the most liquid gaining...
view more
Qatar market shrugs off diplomatic skirmish with the UAE and Saudi Arabia
April 2, 2014--The Qatar Exchange 20 Index advanced by 0.29 per cent to 11,939.95 points on Wednesday, April 2.
The market's bellwether Industries Qatar lost 1.17 per cent to QAR186.30. Qatar Oman jumped by 7.35 per cent to QAR13. Qatar Investors Group dived 2.12 per cent to QAR55.50.
view more
National Bank of Fujairah gets investment grade rating
April 1, 2014--The Abu Dhabi Securities Exchange General Index (ADXGI) gained 1.22 per cent to close at 4,954.22 points on Tuesday, April 1.
Invest AD, a market outlook published earlier today by Abu Dhabi Investment Company, states: "A number of GCC companies are showing solid underlying growth, and a burst of new projects and investments announced in...
view more
Qatar market flirts with 12,000 points ahead of Q1 earnings season
April 1, 2014--The Qatar Exchange 20 Index jumped 2.29 per cent to 11,905.94 points on Tuesday, April 1.
Gulf Warehousing Co gained the most, finishing 10 per cent (limit up) higher at QAR46.65. Al Ahli Bank recorded the biggest drop, finishing 2.16 per cent lower at QAR49.90. Qatar Islamic Bank (QIB) added 1.90 per cent to QAR74.90.
view more
Arab Banking Corporation tops Bahrain market
April 1, 2014--The Bahrain All-Share Index gained for the third day straight, ending 0.24 per cent higher at 1,356.91 points on Tuesday, April 1.
Arab Banking Corporation (ABC) closed up by four per cent at BHD0.20. Bahrain Telecom was the biggest loser, ending down by 2.37 per cent at BHD0.33.
view more
Dallah Healthcare jumps on acquisition spree
March 31, 2014--March 31, 2014--The Tadawul All-Share Index closed 0.11 per cent higher at 9,462.98 points on Monday, March 31.
While market bellwether SABIC retreated slightly to SAR117.50, Dallah Healthcare Holding Company surged by five per cent to SAR89. Earlier in the day, Dallah revealed that it signed a memorandum of understanding with Bagedo Commercial Holding Co. and Mohamed
view more
Bahrain market recovery continues
March 31, 2014--The Bahrain All-Share Index gained nearly one per cent to reach 1,356.91 points on Monday, March 31.
Bahrain Telecom surged by three percent, followed by Bahrain Duty Free and Ahli United Bank, both of which advanced by two percent. Ithmaar Bank closed unchanged. Earlier in the day, Ithmaar revealed in a filing to the bourse...
view more
