Riyadhs Tadawul-index gained 2.81%, closing at 5,625.51 points. Securities of Al Baha Investment and Development Company and Kingdom Holding shared the top ranking by gaining 10% equally. The insurance sector index was the only losing segment, pulled down by Sanad Insurance (off 9.90%) and Walaa Insurance (nine percent lower). But Islamic insurance operator SABB Takaful bucked the trend by jumping 9.94%. However, according to Standard and Poors, no Saudi-based insurers or banks have succumbed to serious financial difficulties during the current economic turmoil, though some of the nonbank investment houses have experienced some pressures. A total of 106 shares advanced in Riyadh, while only 18 declined. Volumes, were on the rise: 429, 553,673 shares changed hands.
DFM Index Sustains Upward March
The DFM index wavering above the break – even line achieved 44.38 points or 1.45 percent in a single session on Monday 9th December 2013, closing at 3,100.33.
On year-to-date basis, the
QE Index Shows Flat Performance
The contest between bulls and bears ended without any significant change at Qatar Exchange on Monday 9th December 2013, as QE index wavering in north and south closed the session at 10,434.1 points,
ADX Index Crosses 4,000 Points Barrier, Up 0.30%
The ADX General Index initiated its journey by wavering along the break-even line and then jumped up into the green territory and closed the day at 4,001.47 levels on Monday 9th Dec 2013, up 11.85 po
Deloitte collaborates with FAA
The Deloitte Islamic Finance Knowledge Center (IFKC) has signed a Cooperation Agreement with the Finance Accreditation Agency (FAA), an organization supported by Bank Negara Malaysia and Securities C