Muscat Securities Market (MSM) "30" index closed at the end of March 2014 at 6856.89 points, registering a decline by 256.98 points or 3.61 per cent, compared to February 2014, which closed at 7113.87 points. The MSM Sharia index stood at 1152.34
The Dubai Financial Market's new rules are part of broader efforts to develop Islamic business in the emirate. Dubai’s main bourse has published new standards for structuring Islamic bonds, seeking to clarify their legal status and attract a wider po
Turkey’s BankAsya Katilim Bankasi A.S. (Ba1 review for downgrade, D/ba2 review for downgrade1) confirmed that it had entered into exclusive discussions with Qatar Islamic Bank (QIB, unrated) about QIB becoming a strategic shareholder with a man
Deyaar Development jumped to a six year high on Thursday — it’s best since 2008 — with investors betting on shareholder approval of allowing non-GCC foreign buyers to invest up to 25 per cent of its shares amid a buoyant mood in the run up to the
The Manama bourse continued to advance on Thursday, April 3. The Bahrain All-Share Index gained 0.24 per cent to reach 1,367,83 points. NASS Corporation was the top gainer, ending up by 4.20 per cent at BHD0.174. Bahrain Telecom (Batelco) advanced 0.
The Abu Dhabi Securities Exchange General Index (ADXGI) fell by 0.64 per cent to 4,923.47 points on Thursday, April 3, despite positive market breadth. United Arab Bank and Bank of Umm Al-Qaiwain fell by 8.75 per cent and 7.05 per cent, respectively.
Foreign funds are flowing into the United Arab Emirates and Qatar as those markets prepare to be upgraded by global equity index compilers this year - but so far only a few top blue chips are benefiting much, a Reuters study of trading data shows. At
The Dubai bourse finished the week with the fifth gaining session in a row, as the Dubai Financial Market General Index (DMFGI) closed 0.92 per cent higher at 4,618.28 points on Thursday, April 3. Earlier in the day, Citigroup chief economist in the
Financial and property stocks lifted bourses in the UAE and Qatar on Tuesday, while Egypt rebounded after three days of heavy profit-taking. Dubai’s index rose 1.6 per cent and closed the day at 4,520.73 points. Shares in Emaar Properties broke th
Abu Dhabi Securities Exchange (ADX) on Wedbesday announced that it has succeeded in achieving a compliance rate of 99 per cent for the disclosure of annual financial statements of its listed public joint stock companies within the deadline of 90 days