Middle East News Older Than 1 year-If your looking for specific news, using the search function will narrow down the results
Bahrain Bourse bounces back
August 15, 2013--The Manama-based Bahrain All-Share Index closed 0.33% higher at 1,200.88 points on Thursday.
Bahrain National Holding surged 4.17% to reach BD0.50. Islamic financial institution Ithmaar Bank plummeted 3.77% to $0.255.
Sabic hits 5-month high, lifts Tadawul market
August 15, 2013--The Tadawul All-Share Index returned into the green on the last trading day of the week, closing 0.56% higher at 8,131.16 points.
Saudi Basic Industries Corporation or Sabic added 0.78% to reach SR97 as the most liquid share. Allied Cooperative Insurance Group declined by 3.94% to SR39.
Bahrain Bourse bounces back
August 15, 2013--The Manama-based Bahrain All-Share Index closed 0.33% higher at 1,200.88 points on Thursday.
Bahrain National Holding surged 4.17% to reach BD0.50. Islamic financial institution Ithmaar Bank plummeted 3.77% to $0.255
Qatar index's tour above 10,000 points short-lived
August 15, 2013--After closing above 10,000 points for the first time in 5 years, the QE 20 Index shed 1.20%, closing at 9,886.68 points on Thursday.
All sector indices delined, with the exception of the transporation gauge. Market bellwether Industries Qatar closed off 2.03% at QR159.10. Qatar Gas Transport or Nakilat gained the third session straight, finishing up 2.28% at QR19.73. On Wednesday, ratings agency Fitch said it affirmed Nakilat's senior secured debt rating at 'A' and its subordinated debt rating at 'A-' with stable outlooks, respectively.
Dana Gas hits one-month low
August 15, 2013--The ADX General Index closed on Thursday 0.08% higher at 3,882.18 points.
Arkan Building Materials hit the top of the charts, advancing 3.95% to reach Dhs0.79. Dana Gas lost 1.61% to close at Dhs0.61. A tiny volume of 40m shares was traded, valued at Dhs134.3m.
Lackluster Saudi bourse dips slightly, Sabic ends even
August 14, 2013--The Saudi Tadawul All Share Index declined 0.36% to 8,085.5 points on Wednesday.
Sabic, the Saudi bellwether and world's biggest producer of petrochems, closed unchanged at SR96.25. Saudi Kayan Petrochemical Company. Sabic affiliate Saudi Kayan Petrochemical Company, in which Sabic holds a 35% stake as the biggest shareholder, was the most active share by volumes, closing 2.51% higher at SR12.25. Forty shares advanced, while 88 declined.
Bahrain Duty Free records higher sales, rising profit
August 14, 2013--The Manama-based Bahrain All Share Index slipped by 0.11% to 1,196.98 on Wednesday.
Financials were mostly on the winning side, as Arab Insurance Group or Airg gained the most (up 8.57% at $0.38). Bahrain Duty Free Shop Complex closed flat. Earlier in the day, the duty free operator at Bahrain International Airport said it earned in the second quarter a net profit of BD1.9m ($5.04m), up from BD1.413m ($3.7m) in the same period last year. The net income for the first half in 2013 amounted to BD3.562m ($9.448m), up from BD3.28 ($8.7m).
New Monthly Volume Record for DGCX Indian Rupee Futures in July
INR futures sets new monthly volume record of 1,252,965 contracts
Trading volumes in July up 55% year-on-year
Year-to-date volumes rise 91%
August 14, 2013--DGCX's currency segment continued to contribute a significant share of volumes, recording a year-on-year (YOY) growth of 61% with 1,450,041 contracts traded.
Dubai Gold and Commodities Exchange (DGCX) recorded a robust month of trading activity with total trade value of US$ 44.68. July volumes registered a significant growth of 55% over the same period last year.
Currency volumes were primarily driven by Indian Rupee (INR) futures, with the contract recording its highest ever monthly volume - trading 1,252,965 contracts in July, a 40% growth over the same period last year. Trading in other currency pairs such as in Euro and Yen were also increased substantially.
Qatar market gains on post-Eid trading session
August 13, 2013--On its first trading session after the Eid ul-Fitr holidays, the Qatar Exchange 20 Index closed 0.67% higher at 9,913.84 points on Tuesday, steadily approaching a 5-year high.
No company news or press releases were issued today. Qatar National Bank gained 2% to reach QR180. Qatar German Co. Medical lost the most (down 2.91% at QR15).
Saudi bourse soars on post Eid
August 13, 2013--The Tadawul All-Share Index gained 0.53% to reach 8,114.75 points on Tuesday.
Today's session marked the first after the long Eid ul-Fitr holidays and the 6th consecutive gaining session in Riyadh. Earlier in the day, Arab News reported the Kingdom Saudi was ranked first in the volume of assets of sovereign wealth funds (SWFs) among the GCC countries at $641bn (SR2,400bn ) followed by the United Arab Emirates at $397bn (SR1,489bn). Shares of market bellwether Sabic gained 1.32% to reach SR96.25.
