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Egypt maintains upward momentum on currency speculation
July 11, 2016--Egypt's stock market maintained its upward trajectory in early trade on Monday as investors were again buoyed by hopes of a further devaluation of the North African nation's currency.
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Egypt maintains upward momentum on currency speculation
July 11, 2016--Egypt's stock market maintained its upward trajectory in early trade on Monday as investors were again buoyed by hopes of a further devaluation of the North African nation's currency.
Global stock market gains to boost to post-Eid trading
July 10, 2016--Markets in the Middle East were shut for at least two days last week to mark the end of the holy fasting month of Ramadan, and bourses in Qatar and Bahrain remain closed on Sunday.
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GCC equities make gains as oil prices rebound
July 8, 2016--The GCC equity markets recovered some ground in the second quarter (Q2, 16) as oil prices rebounded.
Saudi equity market cap falls to $401 bln in first half
July 6, 2016--The Saudi stock market fell in the first half of this year.
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Abu Dhabi may edge lower on profit booking
July 4, 2016--Abu Dhabi's banking shares may trade lower on Monday as investors book profits on strong gains following details of a merger between two mega banks, while Egypt's bourse may be supported by increased chances of further currency devaluation.
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Abu Dhabi may edge lower on profit booking
July 4, 2016--Abu Dhabi's banking shares may trade lower on Monday as investors book profits on strong gains following details of a merger between two mega banks, while Egypt's bourse may be supported by increased chances of further currency devaluation.
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DGCX scales new Volume records amidst global market volatility
July 4, 2016--This marks the highest half-yearly trading volume recorded for the Exchange, growing 49.64 per cent over the same period last year.
Trading volumes on the Dubai Gold & Commodities Exchange (DGCX) recorded an all-time high, exceeding 9.5 million contracts in the first half of this year as uncertainty over Brexit vote and its after effects on the global markets continue to unfold.
Saudi Q1 GDP growth slows to 1.5 per cent
July 3, 2016--Saudi Arabia's gross domestic product, adjusted for inflation, grew 1.5 percent from a year earlier in the first quarter of this year, slowing from a revised growth rate of 1.8 percent in the fourth quarter of 2015, the government said on Sunday.
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Gulf set to consolidate; L'Azurde to list in Saudi
June 29, 2016--Stock markets in the Gulf look set to move sideways on Wednesday, with sentiment supported by a modestly positive global environment but many investors unwilling to take big positions before looming Eid al-Fitr holidays.
MSCI's broadest index of AsiapPacific shares outside Japan is up more than 1 percent and Brent crude oil is 0.4
