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DP World bounces back amid high trading turnover
September 10, 2012--The FTSE NASDAQ Dubai UAE 20 Index closed 0.11% lower at 1682.52 Monday.
Dubai Ports (DP) World gained half a percentage point to reach $10.35. Interior design firm Depa Limited plummeted 14.85% to $0.304.
Julphar jumps as pharmaceutical giant opens new insulin facility
September 10, 2012--The ADX General Index gained the fourth session straight Monday, closing 0.20% higher at 2,592.64 points.
Merger candidates Sorouh Real Estate and Aldar Properties were most actve by volume and gained 0.81% and 1.70%, respectively. Shares of Gulf Pharmaceutical Industries or Julphar soared 5.17% to hit Dhs3.05. Earlier in the day Julphar said it opened a new insulin manufacturing facility in its home emirate Ras al-Khaima. The new Dhs500m plant has a capacity of 1,500 kg of insulin or 45m vials per year.
Dubai market falls back, Shuaa bucks downtrend
September 10, 2012--The Dubai Financial Market General Index closed 0.90% lower at 1,557.21 points.
While Islamic home finance provider Tamweel and GGICO ended even, Emaar declined 1.18% at Dhs3.36. Shuaa Caipital posted the largest advance, ending 2.92% higher at Dhs0.634. Five shares gained, 20 fell and five closed unchanged.
Dubai market falls back, Shuaa bucks downtrend
September 10, 2012--The Dubai Financial Market General Index closed 0.90% lower at 1,557.21 points.
While Islamic home finance provider Tamweel and GGICO ended even, Emaar declined 1.18% at Dhs3.36. Shuaa Caipital posted the largest advance, ending 2.92% higher at Dhs0.634. Five shares gained, 20 fell and five closed unchanged.
Volatile Qatar Exchange eyes 8,500 points
September 6, 2012--The QE 20 Index added 0.20%, closing at 8,467.20 points.
The insurance segment and the transport sector helped the gauge in particular to stay afloat. Doha Bank ended flat at QR56. Year-to-date, the market measure has lost 3.50%. Citigroup said Wednesday in a study on frontier markets "In our view, winning the 2022 FIFA World Cup bid did not add significantly to the pipeline of projects in Qatar, but did create a publicly observable target for completion of projects previously delayed by the financial crisis."
Kuwaiti banks weigh on market index
September 6, 2012--The KSE Market Index slipped 0.04% to 5,907.57 points.
The lenders Kuwait National Bank, Commercial Bank of Kuwait and Al-Ahli Bank of Kuwait ended slightly in the red. Islamic financial institution Burgan Bank jumped over 5%. Over the week, the market measure added 0.76%.
Abu Dhabi bourse ends first September week flat
September 6, 2012--The ADX gauge rose Thursday back to the level from end of August, closing a quarter percentage point higher at 2,562.67.
The rebound was fuelled by the banks, developers and industry shares. Merger candidates Sorouh and Aldar gained 3.70% and 1.70%, respectively. National Marine Dredging Co. posted the biggest decline (down 10% at Dhs9.45). Some 67m shares were traded, valued at Dhs95m.
EFG Hermes sees Dubai market in accumulation phase
September 6, 2012--The Dubai Financial Market General Index or DFMGI added 0.35% to reach 1,555.58 points Thursday.
Investment bank EFG Hermes said in its daily short-term update "The DFMGI is still in accumulation; while a close above 1555 should commence a short-term uptrend." Emaar as the most liquid shares regained further ground, closing 1.21% to hit Dhs3.34. Gulf General Investment Co. or GGICO lost the most (off six percent at Dhs0.325). Turnover improved slightly as 93m shares were traded, valued at Dhs79m.
Bahrain Tourism Co. remains on the bullish track
September 5, 2012--The Bahrain All-Share Index ended Wednesday trading 0.20% higher at 1,072.48 points.
Bahrain Toursim Co. jumped 3.33% to reach BD0.310. Since the end of June, the share soared over 20% due to an increased political stabilisation in the kingdom after it was hit by unrest in 2011 in the wake of the Arab Spring.
Qatar bourse falls on lack of catalysts
September 5, 2012--A lacklustre QE 20 Index fell 0.23% Wednesday to close at 8,450.14 points.
Al Khaliji Commercial Bank added 0.24%, while Qatar National Bank edged up by 0.10%. Most of the other listed lenders retreated. Al Ahli Bank lost the most (off three percent).
