Middle East News Older Than 1 year-If your looking for specific news, using the search function will narrow down the results
Saudi retail stocks prolong slide
October 30, 2013--The Saudi stock market continued its downward momentum and fell for a third consecutive session Tuesday.
Saudi Arabia's benchmark stock index (TASI) tumbling more than one percent and trimming back the 8,000-mark finished at 7,972.59 points.
UAE shares fall on profit-taking
October 29, 2013--UAE shares failed to hold on to its rally on Monday as investors booked profits.
Dubai's DFM index fell 0.38 per cent to 2912.83 points, after touching a five-year high on Sunday.
The index hit an intraday high of 2935 points and a low of 2902.38 points on Monday.
Small caps back in favour as MSM closes flat
October 29, 2013--Small caps gained investor interest as trading activity improved significantly on the Muscat bourse while the general index traded range bound before closing at 6,656.40.
A total of 2,374 trades were executed for the day generating a turnover of RO13.58mn while 51.40mn shares were exchanged over the counters. Market breadth stood in favour of advancers as of the 54 securities traded for the day 20 advanced while eight declined and 26 stocks stood unchanged.
Small caps back in favour as MSM closes flat
October 29, 2013--Small caps gained investor interest as trading activity improved significantly on the Muscat bourse while the general index traded range bound before closing at 6,656.40.
A total of 2,374 trades were executed for the day generating a turnover of RO13.58mn while 51.40mn shares were exchanged over the counters. Market breadth stood in favour of advancers as of the 54 securities traded for the day 20 advanced while eight declined and 26 stocks stood unchanged.
view more
Retail stocks tumble 2.34%
October 29, 2013--Saudi Arabia's benchmark Tadawul All-Share Index (TASI) passed through a lean session Monday, shedding more than 66 points.
The index fell to 8,059.21 points, showing a further reduction of 0.81 percent for the entire day. It plunged to a maximum 80 points from the level of opening bell yesterday. On year-to-date basis, it showed a yield of 18.5 percent.
Qatar Exchange Roundup: Results fail to lift QE index
October 27, 2013-The week witnessed the disclosure of 14 listed companies of their results for the nine months, which showed a decline in the profits of Industries Qatar (IQ), Qatar Islamic Bank (QIB), Doha Insurance and QCFS. Doha Bank and National Cement (QNCD) showed stability in their profits.
Eight companies recorded an increase in profits, notably Qatar Insurance and Gulf International, Medicare (MCGS) and Salam International (SIIS), as General Insurance showed big jump in its profits due to the increase in fair value of investment in real estates.
Emaar spurs Dubai shares to five-year high
October 27, 2013--Rally in Emaar shares lifted the index to close at five-year high on Sunday after the real estate developer reported more than 50 per cent jump in third-quarter profit on Thursday.
The DFM General Index rose by 0.48 per cent to 2923.98 points, highest since November 2008, and during the intraday trade it hit a high of 2952.645 points. The index hit 2955.11 on November 2, 2008
Deloitte: Over 70% of MENA equity market leaders expect increased volume of IPOs in the GCC region
October 26, 2013-- Whilst the regional and international equity markets have generally been depressed post global financial crisis, early signs of recovery are appearing with higher volumes being traded on some of the regional exchanges, and more interest from foreign investors. On the other side, the GCC economies are showing positive signs of recovery across a multitude of sectors, including retail, tourism, real estate and infrastructure.
According to Deloitte Middle East's first "Equity Capital Markets Confidence Survey, "From a trot to a canter?", the Tadawul (Saudi Stock Exchange), the Dubai Financial Market (DFM) and the Qatar Exchange (QE) are expected to be the most active GCC exchanges over the next 12 months, and there is a strong pipeline of issuers looking to launch IPOs regionally as well as on international stock exchanges.
view the Deloitte GCC Equity Capital Markets confidence survey From a trot to a canter?
Petrochemicals support Saudi market index
October 24, 2013--The benchmark index of the Saudi stock market advanced 0.3 percent to 8,171 points, a fresh two-month high.
Food firm Savola Group climbed 1.3 percent to a two-month high on Thursday after posting estimate-beating earnings.
The firm's third-quarter profit rose 12.9 percent, and it proposed a quarterly dividend of SR0.5.
Gulf's global oil share sharply down in 20 years
October 24, 2013--Decline was mainly due to steep rise in reserves of Canada and Venezuela.
Gulf countries now control around 42 per cent of the world's total proven oil resources, sharply below their share of nearly 63 per cent 20 years ago.
The decline was mainly due to a steep rise in the crude reserves of Canada and Venezuela although there was a large increase in the oil resources of Iraq and Iran.
