Saudi shares mostly rebounded amid stabilizing oil prices. The Saudi Tasi index closed 0.53% higher at 5,496.72 points. Sabic rebounded by 1.28% to SR59.25. The Financial sector index stabilized (up 0.03%)although the Saudi newspaper Al Riyadh daily revealed the family holdings Saad and Al Gosaibi owe some $40bn to its creditors after their Bahraini banking branches defaulted, the highest figure which has been reported since both groups started tumbling in June. Alinma Bank, an Islamic bank, posted closed 0.28% higher at SR13.10.
Gold price is still not stabilized in India like everywhere else. After going down, the g
Gold price opens lower in Hong Kong
The gold price in Hong Kong went down 180 HK dollars to open at 12,720 HK dollars per tael on Thursday, according to the Chinese Gold and Silver Exchange Society.
The price is equivalent
Market Cap Indices Turn Red at Qatar Exchange
The QE index spending almost the entire session below the break even line witnessed a bearish trend on Thursday 23rd May 2013. The index dropping 37.28 points or 0.41 percent reached at 9,048.62 leve
Small Cap and Large Cap Push ADX Index Lower
The ADX General Index sustained its downward march and finished the session with a decline of 1.23 percent on Thursday 23rd May 2013 . The index dropped 43.02 points, closing at 3,460.36.
M
WEF to focus on challenges
Leaders from the Middle East and North Africa in business, economics and politics will focus on the aftermath of the Arab Spring as they gather for the World Economic Forum in Jordan this weekend.