The Qatar Exchange was down on Wednesday 29.68 points or 0.36% to 8,242.11 points from the previous closing of 8,271.79. The volume of shares traded was fell to 4,254,373 from 5,641,744 Tuesday, and the value of shares increased to QR125,197,434.88 from QR118,981,169.02 Tuesday. Among the top losers were Electricity and Water whose share dropped 0.97% to QR132.70 , Doha Bank lost 0.90 to QR55.00, United Development Company fell 2.12% to QR18.45 and Islamic Holding down 1.11% to QR26.75. Among the top gainers were Qatar Insurance which was up 0.56% to QR71.50, Barwa rose 1.45% to QR28.00, Masref Al Rayan gained 0.19% to QR26.90. Today the Qatar Banking and Financial sector lost 7.64 points while the Insurance sector added 7.02 points. The Qatar industrial sector dropped 15.46 points and the Services sector fell 13.00 points.
Asia’s first covered Sukuk issued by MBSB
RAM Ratings has assigned a final AA1/stable rating to Malaysia Building Society Berhad’s (MBSB) MYR 495 million Tranche 1 Structured Covered Sukuk (Tranche 1 Sukuk). Tranche 1 Sukuk is MBSB’s first i
MARC assigns preliminary rating of AAAIS
MARC has assigned a preliminary rating of AAAIS to TNB Western Energy Berhad’s issuance of MYR 4.0 billion Islamic Securities (Sukuk) with a stable outlook. TNB Western Energy is a wholly-owned fundi
New guidelines for Islamic banks, Takaful
The Kuala Lumpur-based Islamic Financial Services Board (IFSB) has published guidelines on capital adequacy for Islamic banks and risk management of takaful, or Islamic insurance, as the industry bod