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Profit booking weighs on Qatari blue chips
February 26, 2014--The QE 20 Index in Doha fell by 0.16 per cent to 11,836.83 points on Wednesday, February 26.
Qatar National Bank, the biggest lender in the GCC region by market capitalization, lost 1.53 per cent, falling to QAR193.30. Industries Qatar lost 0.56 per cent to QAR197.
Bahrain banks keep bourse at bay
February 26, 2014--The Bahrain All Share Index closed 0.65 per cent lower at 1,377.53 points on Wednesday, February 26.
Bahrain Duty Free surged by 5.81 per cent, while Arab Banking Corporation fell the most, ending down by 7.14 per cent. Islamic bank Al Baraka Banking Group closed even.
7 in 10 UAE investors to invest in equities, Schroders survey suggests
February 26, 2014--Seven in 10 of UAE's investors, who are among the most optimistic about investment opportunities this year, are looking to place funds in equities and not surprisingly, after a solid 2013 when Dubai stock market outperformed to have the second best return in the world, they continue to have more faith in the markets of the Middle East, according to a report of Schroders to be released in Dubai today.
Close to three quarters (72%) of the investors said that they are more confident about investment prospects in 2014 than last year, with 61 per cent saying that they intend to increase the amount they invest in the next 12 months, while only 16 per cent plan to reduce levels of investment, an analysis of Schroders Global Investment Trends Report February 2014 reveals.
Saudi Cable Company net loss soars in 2013
February 25, 2014--The Tadawul All Share Index closed flat at 9,061.93 points on Tuesday, February 25.
Saudi Cable Company gained 1.70 per cent to SAR12.10. SABIC fell by 0.43 per cent to SAR114.50.
Emaar shares lose ground
February 25, 2014-The Dubai Financial General Index (DFMGI) rebounded by 1.78 per cent to 4,196.85 points on Tuesday, February 25.
Emaar Properties, the biggest developer in the Middle East region by market value, jumped by 2.85 per cent to AED9.02. It rival Deyaar Development ended up by 3.20 per cent at AED1.29.
Abu Dhabi developers rebound, Dana Gas hits two-month low
February 25, 2014--The Abu Dhabi Securities Exchange General Index (ADXGI) rose by 1.55 per cent to close at 4,958.74 points on Tuesday, February 25.
The shares of Aldar Properties and RAK Properties were the most liquid ones, gaining 6.25 per cent and 3.57 per cent, respectively.
QIB gets nod for 40 per cent cash dividend
February 25, 2014--The QE 20 Index in Doha slipped by 0.37 per cent to 11,855.94 points on Tuesday, February 25.
Qatar Islamic Bank (QIB) plummeted 6.17 per cent after the shareholders gave the green light for a 40 per cent cash dividend at the annual general assembly on Monday.
Bahrain exchange rally halted
February 25, 2014--After gaining for nine consecutive sessions, the Bahrain All Share Index closed unchanged at 1,386.54 points on Tuesday, February 25.
Aluminium Bahrain advanced by 1.81 per cent to BD0.50. Arab Banking Corporation dived by 2.61 per cent to $0.56.
Emaar shares lose ground
February 24, 2014--The Dubai Financial General Index (DFMGI) closed unchanged at 4,123.51 points on Monday, February 24.
Emaar Properties, the biggest developer in the Middle East region by market value, fell for the second day straight, finishing 0.90 per cent lower at AED8.77. Its rival, Union Properties, surged by 4.66 per cent to AED2.02.
Waha Capital dives as firm recommends ten per cent cash dividend
February 24, 2014--The Abu Dhabi Securities Exchange General Index (ADXGI) advanced 0.24 per cent to close at 4,883.05 points on Monday, February 24.
The shares of investment company Waha Capital plummeted 5.26 per cent to AED2.70. Earlier in the day, Waha said in a filing to the bourse that its board of directors has recommended distribution of..
