The Abu Dhabi stock market ADX continued to regain ground, closing 1.36% higher at 2,631.32 points. Dana Gas ended among the most actively traded shares, advancing to Dhs1.06 (up seven per cent straight). National Bank of Ras al-Khaima posted the largest loss (off 9.95% at Dhs3.62). Bank in the GCC are still troubled by Saudi Arabias Al Gosaibi holding bank default in Bahrain, which is said to owe $9.2bn to some 100 banks.
QE Index Up 0.54% in the Early Trade
The QE Index added 48.41 points during the first couple of hours trading on Wednesday 22nd May 2013. The index adding 0.54 percent reached at 9,085.36.
QE sectors indices turned green. T
DFM Index Advances in the Early Trade
The DFM General Index advanced to reach at 2,338.18 levels during the first couple of hours trading on Wednesday 22nd May 2013, adding 18.83 points or 0.81 percent.
Services sector outper
Import tariff value of gold slashed to $440 per 10 gm
In the wake of falling global prices of precious metals, the Government today further slashed the import tariff value of gold to $440 per ten grams, while it has kept the import tariff value of silve
U.K. Budget Deficit Widens as IMF Prepares to Deliver Verdict
Britain’s underlying budget deficit widened in April, dealing a blow to Chancellor of the Exchequer George Osborne as the International Monetary Fund prepares to deliver its verdict on the U.K. econo
ADX Index Turns Green during the Early Trade
The ADX General Index turned slightly green during the early trade on Wednesday 22nd May 2013. The index hovering between north and south reached at 3,512.82 leves, up 0.09 percent or 3.18 points.