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MIDEAST STOCKS-Saudi recovers on oil rebound, outperforms Gulf
January 12, 2017--Blue chips helped carry Saudi Arabia's stock index higher in early trade on Thursday after oil prices recovered overnight, but profit taking in large capital stocks weighed on other Gulf markets.
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Markets cheer Saudi deficit-cutting but finances still hostage to oil
January 12, 2017--Riyadh reports major progress in eliminating deficit
But figure excludes spending to clear past debts
Much of rise in 2016 non-oil revenues not due to reforms
2017 oil price assumption may be too optimistic
Oil revenues to remain key in 2020 despite reforms
Saudi declines on oil, Dubai stalls near 15-month high
January 11, 2017--Saudi petrochemicals, banks retreat
Yansab flat after strong Q4 net profit
Dubai down but stays near 15-month high
UAE insurance shares volatile
Egypt at fresh record high as foreign funds buy
Saudi bourse aims to extend trading settlement time before MSCI's June review
January 11, 2017--The Saudi Stock Exchange aims to extend settlement of trades to within two working days of execution before June, when international index compiler MSCI will decide whether to review Saudi Arabia for inclusion in its emerging market index
Small stocks corner volumes in Dubai bourse
January 10, 2017--Small stocks were still favoured on the Dubai bourse as traders eyed fourth quarter results, on a day when the wider index closed almost steady.
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Big losses in oil to weigh on Gulf, Dubai technically bullish
January 10, 2017--GCC markets may soften Tuesday, but Dubai may outperform
Petrochemical shares may weigh on market
Dubai's index may fare relatively well after confirming a break in the last two days above resistance
Stock markets in the Gulf may soften on Tuesday after crude oil prices suffered heavy losses overnight, but Dubai may outperform because it is technically bullish.
Israeli Equity Winners and Losers From 2016 & What to Watch For in 2017
January 9, 2017--Israeli Global Equities, as measured by BIGI(R), were unchanged in December. Israeli Global Technology Equities, as measured by the TA-BIGITech(R) benchmark were up just 0.22%.
December was a disappointing month for Israeli equities compared to their international Developed Market peers. One potential cause for this relative weakness was the dismal performance of some of Israel's largest companies: Teva and Perrigo were down more than 3% in December while Mobileye was down nearly 10%.
Egypt's pound strengthens at banks as demand from importers eases
January 8, 2017--The Egyptian pound strengthened slightly at banks as demand for dollars by importers eased, bankers told Reuters on Sunday.
The dollar was being bought for around 18 pounds at most banks, down from around 19 last week. Banks were paying clients around 17.8 per dollar.
New Industry Classification commences on Tadawul
January 8, 2017--The Saudi Stock Exchange (Tadawul) has announced the reclassification of its equity market sectors in accordance with Global Industry Classification Standard (GICS).
The new industry classification is effective from today (8 January), the bourse has announced.
UAE, Qatar may stay firm, Saudi stagnates on oil
January 4, 2017--In Dubai, Amlak Finance may attract interest
MSCI's broadest index of Asia-Pacific shares outside Japan is up 0.1 per cent
Middle East fund managers bullish on regional equities in general: survey
Stock markets in the United Arab Emirates and Qatar may stay firm on Wednesday after healthy gains on the previous day, but Saudi Arabia stalled on Tuesday and lower oil prices may cause that pattern to continue there.
