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Bank shares plummet at Dubai market
March 11, 2014--The Dubai Financial Market General Index (DFMGI) fell by 1.40 per cent to reach 4,091.62 points on Tuesday, March 11.
Commercial Bank of Dubai, the ninth biggest local lender in the UAE, declined the most, closing off 9.78 per cent lower at AED6.27. Dubai Islamic Bank dived 4.68 per cent to reach AED5.91....
Bahrain lenders fail to boost Manama market
March 11, 2014--The Bahrain All-Share Index closed flat at 1,387.27 points on Tuesday, March 11.
Gulf Finance House (GFH) closed unchanged at $0.215. At a press conference in Tunisia today (Tuesday, March 11), the Islamic bank revealed that Tunis Bay Project Company (TBPC) has announced the appointment of Soroubat, a leading Tunisian contractor,...
Egypt 'likely' to miss economic growth target
March 10, 2014--Egyptian minister of planning and international cooperation, Ashraf El-Arabi has said the country's economy is likely to grow less than the government's target of at least 3% because of political turmoil, Bloomberg has reported.
The minister said he hopes that gross domestic product growth will exceed 2% in the fiscal year that ends in June.
Zero-dividend round pulls Dar Al-Arkan shares down
March 10, 2014--The Tadawul All Share Index closed 0.10 per cent lower at 9,343.78 points on Monday, March 10.
Dar Alarkan Real Estate Development Company (DAAR) lost by four per cent to reach SAR12. Earlier in the day, DAAR revealed..
Kuwait Stock Exchange struggles to retain key support level
March 10, 2014--The KSE market index fell by 0.31 per cent to end at 7,491.86 points on Monday, March 10.
In the past seven days, the gauge has been trading at approximately 7,530 points, a key support level that was successfully tested on December 29, 2013. National Bank of Kuwait lost slightly, ending at KWD0.930.
Qatar exchange shrugs off IMF warnings
March 10, 2014--The QE 20 Index gained 0.60 per cent to close at 11,710.94 points on Monday, March 10.
Earlier in the day, the IMF revealed that Qatar might face higher costs for hiring foreign workers due to alleged reports about deaths of migrant workers in construction sites, as reported by Arab News.
Arabtec saves the day at Dubai market
March 10, 2014--The Dubai Financial Market General Index (DFMGI) traded in the red for most part of the day on Monday, March 11, but eventually closed 0.22 per cent higher at 4,149.81 points.
Emaar Properties fell by 0.90 per cent to AED8.93. Earlier in the day, Emaar revealed that it has unveiled the second phase of the...
Abu Dhabi market investors dump Dana Gas shares
March 10, 29014--The Abu Dhabi Securities Exchange General Index (ADXGI) lost for the third session straight, closing one per cent lower at 4,828.75 points on Monday, March 10.
Dana Gas dived 3.57 per cent to AED0.81. First Gulf Bank (FGB) lost 2.40 per cent to reach AED16.55. Earlier in the day, the third biggest lender by market...
Tadawul market rises amid lower market depth
March 7, 2014--The Tadawul All Share Index advanced 0.96 per cent to close at 9,248.82 points on Thursday, March 6 maid moderate trading volumes.
SABIC gained 0.22 per cent to close at SAR114.75. Aldrees Petroleum and Transportation Company lost 3.95 per cent to SAR38.90.
Bahrain bourse advances for the third consecutive day
March 6, 2014--The Bahrain All Share Index gained 0.27 per cent to end at 1,373.27 points on Thursday, March 6.
Bahrain Telecom (Batelco) added 3.75 per cent, to reach BD0.332 (top gainer). Bahrain Duty Free fell by 4.88 per cent to BD0.78.
