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Crimea dispute felt at Riyadh bourse
March 17, 2014--The Tadawul All Share Index closed 0.12 per cent lower at 9,368.03 points on Monday, March 17, after the EU and the US threatened sanctions against Russia after the people of Crimea overwhelmingly voted in favour of joining the Russian Federation on Sunday, March 16.
Market's bellwether SABIC closed unchanged at SAR116.
Dubai bourse buoyant on Emaar and Arabtec
March 17, 2014--The Dubai Financial Market General Index (DFMGI) gained 1.63 per cent, closing at 4,124.77 points on Monday, March 17.
Arabtec Holding, the biggest construction firm in the Middle East region, surged by 6.41 per cent to AED5.15. Emaar added 1.65 per cent to AED9.25. Gulf Finance House, an Islamic bank based out of Bahrain, lost...
Gulf Livestock net income increases by 45 per cent
March 17, 2014--The Abu Dhabi Securities Exchange General Index (ADXGI) gained 1.96 per cent to close at 4,824.96 points on Sunday, March 17.
Gulf Livestock Company closed even at AED6.98. Earlier in the day, the firm said its net comprehensive income for 2013 amounted to AED42.86 million ($11.67m), up from AED29.51m ($8.04m) in the previous year.
CBQ shareholders okay dividends with bonus shares of 20 per cent
March 17, 2014--The Qatar Exchange 20 Index closed 0.62 per cent higher at 11,401.65 points on Monday, March 17.
The shares of Commercial Bank of Qatar (CBQ) closed flat at QAR75.50. Earlier in the day, the lender said the annual general assembly approved the board of directors’ recommendation to distribute a cash dividend of 20 per cent..
Egypt introduces new rules for index, real estate funds
March 15, 2014--The Egyptian Financial Supervisory Authority (EFSA) has issued new rules to facilitate the creation of index and real estate funds, as well as amendments to margin trading rules, as part of efforts to attract capital back to the stock market, Reuters has reported.
The changes would increase liquidity in the market and draw more local...
Kuwait bourse to be big fish in small pond as others upgraded
March 13, 2014--Qatar, UAE move to MSCI's emerging index in May
This will leave Kuwait by far the biggest frontier market
May attract some $700 million of additional money
Some investors starting to buy NBK, Zain in anticipation
Uncertainty persists over economy, regulation
Kuwait's stock market suffered a blow to its prestige last year when global index compiler MSCI decided to upgrade Qatar and the United Arab Emirates, leaving Kuwait languishing in a lower category. Being left behind may prove profitable for investors in Kuwaiti shares, however.
Al Tayyar Travel shares rise on extended co-op with flydubai
March 13, 2014--The Tadawul All Share Index closed 0.40 per cent higher to reach 9,386.08 points on Thursday, March 13.
SABIC shares rose by 0.65 per cent to reach SAR116.50. Al Tayyar Travel Group Holding Company ended up 0.60 per cent to SAR127.
Barwa shares jump with Qatari property boom
March 13, 2014--The Doha-based QE 20 Index slipped 0.05 per cent to end at 11,343.38 points on Thursday, March 13.
Barwa Real Estate closed ten per cent higher at QAR35.80. Earlier in the day, Barwa revealed that it earned, in 2013, a full-year net profit of QAR1.4 billion ($364m) versus QAR1.1bn ($286m) in 2012, ....
Etisalat, banks pull Abu Dhabi bourse higher
March 13, 2014--The Abu Dhabi Securities Exchange General Index (ADXGI) advanced by 2.23 per cent to close at 4,753.79 points on Thursday, March 13.
Market bellwether Etisalat, the most valuable firm in the UAE, closed 0.10 per cent higher at AED11.90.
Developers, construction lift Dubai market
March 13, 2014--The Dubai Financial Market General Index (DFMGI) gained 1.15 per cent to reach 3,980.79 points on Thursday, March 13, ending a roller-coaster trading week, with most advances happening in the real estate sector.
Union Properties was the most liquid share, closing 4.21 per cent higher at AED1.98.
