Middle East Shares Mostly Gain On Corporate News, Oil Prices

15/04/2015 22:11 AST

Oil prices got a lift amid fighting in Yemen and a dip in U.S. production.

National Commercial Bank posted a 2.8% rise in Q1 net profit to 2.61 billion riyals ($696 million), above SICO Bahrain's forecast of 2.15 billion riyals.

Bank Al Jazira said Q1 profit rose 43%, ahead of Albilad Capital's estimate for a 13% increase.

Saudi Cement reported a 5.9% increase in Q1 net profit to beat expectations.

Saudi Electricity Co rose after deputy electricity minister Saleh al-Awaji, who is also the company's chairman, said the kingdom should eventually consider raising its domestic water and power prices, Reuters reports. That would help the company's profitability.

Dubai Islamic Bank's net profit attributable to shareholders rose 33.9% year-on-year to 816.7 million dirhams ($222.4 million), beating analysts' estimates.

Deyaar Development reported a 6% rise in Q1 net profit, beating some forecasts.

Saudi Arabia's main index rallied 2.2% to 9,164 points, Dubai rose 3% to 3,942 points, Abu Dhabi firmed 0.6% to 4,622 points, Qatar added 1% to 11,892 points, Egypt slid 0.4% to 8,897 points, Kuwait slipped 0.3% to 6,264 points,Oman shed 0.2% to 6,232 points and Bahrain dropped 2.8% to 1,394 points.


MT Newswires

Most Viewed Companies

Ticker Price Volume
SABIC 114.77 5,915,941
RIBL 13.83 1,519,548
JARIR 177.89 111,251
STC 83.41 257,644

Stock Market Info

GB GCC 4,414.00 14.48 (0.33%)

Valuation

Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Performance
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Index vs...
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Index Chart

Top Related Companies

Ticker Price Change

Recent News

Foreign investors pile into Saudi Arabia in March amid kingdom's FTSE upgrade

05/04/2018

Foreign investors bought $1.18 billion in Middle East and North African equities in March, especially Saudi ones amid the kingdom’s upgrade to emerging market status by FTSE Russell, according to a r

The National

Muscat bourse gains lifted by activity in financial shares

05/04/2018

Buying activity in financials lifted the MSM30 Index to 4,794.61 points, up 0.41 per cent. The MSM Sharia Index closed at 676.52 points, down 0.08 per cent. Gulf Investment Services was the most acti

Times of Oman

Dubai bourse takes a hit in traded value

05/04/2018

Traded value on the Dubai Financial Market tumbled on Wednesday as global stocks declined amid an intensifying US-China trade war. In Abu Dhabi, banking shares surged ahead of first quarter results s

Gulf News

Financial blue chips drive Muscat bourse recovery

04/04/2018

Driven by financial blue chips, the MSM30 Index continued its recovery to close at 4,775.27 points, a gain of 0.53 per cent. The MSM Sharia Index ended at 677.06 points, down 0.07 per cent. HSBC Bank

Times of Oman

Emaar Properties stock hits new one-year low

04/04/2018

Emaar Properties shares extended losses for another session on Tuesday, to hit their lowest level in a year, as selling continued on the wider Dubai gauge. Emaar Properties fell to a low of Dh5.58, b

Gulf News

logo

Financial Information Co.

P.O. Box 69410, Riyadh 11547, Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2024, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap