Qatar bourse pulls back ahead of FTSE inclusion

20/09/2016 05:40 AST

Stock markets in the Gulf diverged in early trade on Monday, with Qatar’s index pulling back ahead of the inclusion of some companies in FTSE’s secondary emerging market index, while Dubai advanced as global risk sentiment improved.

Qatar’s index retreated 1.8 per cent, wiping out Sunday’s 0.4 per cent gain. Nine-tenth of the shared that were trading declined.

Shares in companies set to be included in index compiler FTSE’s secondary emerging market index on September 20 were the top losers, with mobile phone operator Ooredoo dropping 3.8 per cent and Qatar National Bank shedding 1.9 per cent.

Saudi Arabia’s index slipped 0.1 per cent after an hour of trade, with 74 shares declining and 49 gaining. Saudi Telecom Co lost 1.8 per cent.

But petrochemical shares outperformed as Brent futures bounced back over US$46 a barrel. Saudi Basic Industries, the largest producer, added 0.6 per cent.

Meanwhile Dubai’s index rose 0.4 per cent, with gainers outnumbering losers 16-to-3. Dubai’s largest listed developer Emaar Properties added 0.9 per cent, while the amusement park builder Dubai Parks and Resorts rose 1.2 per cent ahead of the opening of its theme parks next month.

Global stocks drew support from expectations that the US Federal Reserve would skip a chance to raise rates this week.

Blue chips supported Abu Dhabi’s index up 0.6 per cent with Aldar Properties adding 1.1 per cent and Dana Gas jumping 3.5 per cent.


The National

Most Viewed Companies

Ticker Price Volume
SABIC 114.77 5,915,941
RIBL 13.83 1,519,548
SAMBA 26.98 1,138,683
JARIR 177.89 111,251
STC 83.41 257,644
DARALARKAN 13.47 74,648,349

Stock Market Info

QE 8,707.67 -14.08 (-0.16%)

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
QNBK 134.50 0.61 (0.45%)
IQCD 108.99 0.99 (0.91%)
ERES 10.25 -0.28 (-2.66%)
MARK 35.99 -0.11 (-0.31%)
ORDS 82.51 -1.09 (-1.31%)

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