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S&P Dow Jones Indices' Market Attributes: Index Dashboard Middle East
February 28, 2014--This month's highlight's include:
While the rest of the world has shown mixed performance so far in 2014, the majority of markets ended up in February.
Middle-eastern equities exemplified this strong performance: the S&P Pan Arab Composite LargeMid BMI was up 4% while the GCC 40 rose 7%.
Dar-Alarkan penalised for passing information to Reuters
February 27, 2014--The Tadawul All Share Index closed 0.53 per cent higher at 9,106.55 points on Thursday, February 27.
The shares of Dar-Alarkan Real Estate Development Company advanced by 0.42 per cent to SAR11.90.
Financials trigger third market index decline in a row at Bahrain bourse
February 27, 2014--The Bahrain All Share Index lost 0.35 per cent, finishing at 1,372.67 points on Thursday, February 27.
Insurance firm ARIG dived by 6.38 per cent to $0.44. Bahrain Telecom closed 1.18 per cent to BD0.344. Bahrain Flour Mills surged by 9.66 per cent to BD0.386. Islamic Bank Ithmaar ended unchanged at US$0.22.
Abu Dhabi bourse fails to crack 5,000
February 27, 2014--The Abu Dhabi Securities Exchange General Index (ADXGI) fell 0.54 per cent to close at 4,958.66 points on Thursday, February 27.
Sharjah Islamic Bank surged 5.24 per cent to AED2.21. Dana Gas recovered some ground and edged up by 2.35 per cent to AED0.87. Despite the rally at GCC markets, Emirates NBD remains bullish.
Qatar market falls further
February 27, 2014--The QE 20 Index in Doha declined by 0.57 per cent to 11,771.83 points on Thursday, February 27.
Market bellwether Industries Qatar lost 0.51 per cent, falling to QAR196. Qatar Navigation Company, also known as Milaha, dived by 4.70 per cent to QAR91.50.
Banks gain, Arabtec retreats at Dubai market
February 27, 2014--The Dubai Financial General Index (DFMGI) opened strongly, advanceed 0.53 higher at 4,220.45 points on Thursday, February 27.
In the first two months of 2014, the gauge has gained over 25 per cent. Commercial Bank of Dubai and Emirates NBD gained 7.94 per cent and 4.22 per cent, respectively.
Regulator suspends Arabtec shares
February 26, 2014-Dubai's stock market regulator has requested the suspension of Arabtec shares trading from the start of formal trading on Wednesday, Reuters has reported.
No reason was provided for the suspension of trading.
Tadawul market lacklustre
February 26, 2014--The Tadawul All Share Index closed insignificantly lower at 9,058.54 points on Wednesday, February 26.
SABIC was down by 0.44 per cent at SAR114. Advanced Petrochemical fell by 1.83 per cent to SAR43.20.
Taqa gains as CEO announces resignation
February 26, 2014--The Abu Dhabi Securities Exchange General Index (ADXGI) rose by 0.54 per cent to close at 4,985.49 points on Wednesday, February 26.
Abu Dhabi National Energy Corporation (Taqa) added 0.70 per cent, reaching AED1.47.
Dubai market index struggles to reach 4,200 points
February 26, 2014--The Dubai Financial General Index (DFMGI) opened strongly, but eventually lost steam and closed unchanged at 4,198.07 points on Wednesday, February 26.
Commercial Bank of Dubai, the number nine among lenders in the UAE, jumped five per cent to close at AED6.30. Gulf General Investment Company advanced by 2.42 per cent to AED2.12.
