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BUZZ: Shares of Dubai-listed Drake & Scull sink 9.9%
July 3, 2018--Shares of Drake & Scull sink 9.9 percent in early trading to 0.61 dirhams ($0.16).
The stock is down around 27 percent so far this week and 73 percent in the year to date, making it one of the worst performing stocks on the Dubai index.
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Listing aviation firms on UAE bourses to push up liquidity: experts
July 2, 2018--The UAE aviation sector experts have welcomed the General Civil Aviation Authority's (GCAA) plans to float stakes of the national airlines on the local stock markets.
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DGCX Records Best H1 Since Inception with Volumes up 44%
June 30, 2018--Dubai Gold and Commodities Exchange (DGCX) has recorded its best H1 ever in its 13-year history, trading over 11,300,000 contracts so far in 2018, up 44% year-on-year (Y-O-Y).
Traded value for the first six months of 2018 breached USD 250 billion for the first time too. The Exchange's record-breaking performance was sealed following a robust month of trading in June, which saw 2,046,806 contracts traded, up 74% from June 2017. June 2018 traded value reached USD 42.3 billion.
MIDEAST STOCKS-Dubai recovers from 11-day losing streak; Saudi flat
June 28, 2019--Dubai stocks closed on a positive note on Thursday after 11 straight days of losses, while the Saudi market was flat as investors held back from taking new positions ahead of announcements of second quarter company results.
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MIDEAST STOCKS-Real estate and construction weigh on Dubai; Saudi slips
June 26, 2018--Real estate and construction companies weighed on the Dubai market on Tuesday as Drake & Scull mined new multi-year lows and Saudi stocks also slipped.
DSI shares fell ten percent for a second day running to close at 0.81 dirhams ($0.22) per share, its lowest for at least five years.
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Saudi bourse may see a correction after MSCI decision-Al Masah Capital
June 26, 2018--Saudi Arabia's stock market may witness a correction following global index compiler MSCI's decision to incorporate the Kingdom into its global emerging markets index, according to an executive at a Dubai-based asset management firm.
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MIDEAST STOCKS-Dubai hits lowest since Jan 2016 on DSI, Saudi loses momentum
June 25, 2018--Dubai stocks slumped on Monday to its lowest since January 2016, led by losses in contractor Drake & Scull, while Saudi stocks slipped after gains ahead of index compiler MSCI's move to lift Riyadh to its emerging markets benchmark.
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MIDEAST STOCKS-Saudi gains on MSCI decision, Dubai and Qatar also up
June 21, 2018--Saudi Arabian shares gained on Thursday, reflecting largely positive sentiment across the Gulf, after index provider MSCI announced overnight it would add the kingdom's stock market to its emerging markets benchmark.
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MIDEAST STOCKS-Saudi shares fall amid profit-taking ahead of MSCI decision
June 20, 2018--Saudi stocks declined on Wednesday as investors cut risk ahead of a decision from global index compiler MSCI on whether to include Saudi Arabia and its $526 billion bourse in its emerging market indexes.
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Saudi Stock Exchange Joins MSCI Emerging Market Index
June 20, 2018--Inclusion in global indices reflects continued progress of capital market reform under Vision 2030
The Saudi Stock Exchange (Tadawul) is pleased to announce today that MSCI, a leading provider of global equity indices, upgraded the Kingdom of Saudi Arabia to "Emerging Market" from its previous "Standalone Market" status in its Annual Market Classification Review. The Kingdom, which was also recently added to the FTSE Russell as a "Secondary Emerging' market in March 2018, will be included in MSCI's Emerging Market Index in two phases concurring with the May 2019 Semi Annual Index Review and the August 2019 Quarterly Index Review.
