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Qatar lands in worst performing markets
April 24, 2019--Qatar, Iran, Turkey and Pakistan were among the worst performing countries in terms of decline in the wealth of the residents last year
Qatar, Iran, Pakistan and Turkey were among the worst performing countries in terms of decline in the wealth of the residents last year mainly due to decline in local stock markets and value of their currencies against the US dollar.
Mideast Stocks: Egypt, Qatar gain on financials; cement makers lift Saudi
April 24, 2019--Egypt's blue-chip index and the Qatar stock market rose modestly on Wednesday, buoyed by their financial shares, while the Saudi index edged up on the back of its cement producers.
The Egyptian index rose 0.9 percent, after its largest lender Commercial International Bank increased 0.6 percent and Egypt Kuwait Holding rebounded 3.7 percent after trading ex-dividend on Tuesday.
Saudi Arabia reduces fees, trading commissions for local bond market
April 24, 2019--Saudi Arabia's Capital Market Authority (CMA), the Saudi Stock Exchange (Tadawul) and its Debt Management Office (DMO) announced in a joint statement on Thursday reduced fees and commissions to encourage secondary market trading of debt, the Saudi Press Agency reported.
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Mideast Stocks: Earnings aid Saudi, real estate hurts Egypt
April 23, 2019--Saudi Arabia's stock market rose on Tuesday, lifted by a slew of corporate announcements, while Egypt's blue-chip index was pulled down by its real estate shares.
Saudi Arabia's index added 0.4 percent, with Riyad Bank climbing 3.6 percent to reach its highest since May 2006. The lender posted a 44.7 percent increase in first quarter net profit.
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Mideast Stocks: Lender FAB leads Abu Dhabi higher, petchems weigh on Saudi
April 22, 2019--Abu Dhabi's stock market closed higher for the fourth straight session on Monday, aided by its largest lender First Abu Dhabi Bank, while petrochemical stocks pulled the Saudi market down.
The Abu Dhabi index rose 0.8 percent, led by a 1.8 percent increase in First Abu Dhabi Bank (FAB).
Mideast Stocks: Abu Dhabi hits 13-year high, most Gulf markets rise
April 18, 2019--Abu Dhabi's stock market rose sharply on Thursday to reach its highest level in more than 13 years, partly lifted by top lender First Abu Dhabi Bank which has gained this week after regulatory approval to raise foreign ownership limit of its shares.
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Mideast Stocks: Bank earnings boost Qatar, most Gulf markets slip
April 18, 2019--Qatar's index was up 0.2% with Qatar Islamic Bank increasing 1.4%
Qatar's stock market rose on Thursday, partly lifted by strong first-quarter earnings from two banks, while most major Middle Eastern markets declined.
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Mideast Stocks: Oil lifts most of Gulf, top lender weighs on Egypt
April 17, 2019--Mideast Stocks: Oil lifts most of Gulf, top lender weighs on Egypt.
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Mideast Stocks: Banks lead Saudi higher, while Egyptian shares see sell-off
April 16, 2019-- Saudi Arabia's stock market rose on Tuesday as most of its banks gained, while a wide sell-off pulled down Egypt's blue-chip share index.
Saudi Arabia's index was up 0.6 percent with Saudi Arabian Mining adding 3.8 percent and Alinma Bank gaining 3 percent.
Mideast Stocks: Abu Dhabi hits near 5-year-high, petchems lift Saudi
April 15, 2019--Abu Dhabi's stock market rose to a near five-year high on Monday, lifted by First Abu Dhabi Bank, while petrochemical stocks led gains on Saudi Arabia's main index.
The Abu Dhabi index was up 0.9 percent after hitting its highest since May 2014.
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