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...
Source: AME Info
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.
Source: AME Info
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.
Source: AME Info
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
Source: AME Info
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...
Source: AME Info
Ooredoo gets the nod for 40 per cent cash dividend distribution
March 31, 2014--The Qatar Exchange 20 Index advanced by 0.67 per cent to reach 11,639.79 points on Monday, March 31.
Mazaya Qatar jumped four percent to close at QAR14.35. Ooredoo fell by 0.94 per cent to QAR137.70.
Source: AME Info
Waha Capital gains, secures $750 million credit facility
March 31, 2014--The Abu Dhabi Securities Exchange General Index (ADXGI) slipped 0.26 per cent to 4,888.28 points on Monday, March 31.
Leasing and financing specialist Waha Capital gained 1.90 per cent to reach AED2.71. Earlier in the day, Waha (which is Arabic for 'Oasis') revealed that it has completed the refinancing of its credit facilities with 13...
Source: AME Info
Dubai bourse ends with modest gains, negative market breadth
March 31, 2014--The Dubai Financial Market General Index (DFMGI) gained 0.30 per cent to close at 4,451 points on Monday, March 31.
Eleven shares advanced, while 18 declined. Emaar closed unchanged at AED9.95. Gulf General Investment was the top gainer (up by 1.92 per cent), followed by Dubai Financial Market (DFM) and Union Properties, which gained 1.90
Source: AME Info
Saudi market breadth turns into the red
March 27, 2014--The Tadawul All-Share Index closed 0.28 per cent lower at 9,423.08 points on Thursday, March 27.
While SABIC ended flat at SAR117.00, Dar Al Arkan Real Estate Development, which was the most liquid share, dived 2.76 per cent to SAR12.35. Saudi International Petrochemical Company (SIPCHEM) gained the most, finishing 5.19 per cent higher at SAR32.40.
Source: AME Info
Dubai Ports World and DEPA finish week even
March 27, 2014--The FTSE NASDAQ Dubai UAE 20 Index closed at 4,052.150 today, down by 0.24 per cent, from the previous close on Thursday, March 27.
At the NASDAQ Dubai, the shares of port operator Dubai Ports World and Depa Limited closed flat at $18 and $0.68, respectively.
Source: AME Info