KSE index may cross 8,000 mark by July,
(KUNA
-
21/04/2009)
Though the price index is still torn in tug and pull 30 days into the second quarter of 2009, officials and figures in the market expect the index to cross the 8,000 point mark within two months. This is not to ignore the halt of trade in shares of 17
|
KSE stocks under pressure
(Kuwait Times
-
21/04/2009)
The Kuwait Stock Exchange (KSE) stocks fluctuated throughout yesterdays trading. However, last minute trade pushed the KSE Index up to end in the green. However, the KSE Weighted Index was down to end on a negative note. GGI ended the day by shedding
|
DSM snaps 4-day winning streak
(Gulf Times
-
21/04/2009)
Qatar’s bourses yesterday snapped a four-day winning streak on selling pressure exerted by institutional investors. The 20-stock benchmark Qatar Share Index shed 1.43% or 80 points to close at 5,510.43, paced mainly by mid and large cap equities, despite
|
Kuwaiti benchmark climbs 1.5% as frontline banking scrips rally
(Arab Times
-
21/04/2009)
Kuwait Stock Exchange began the week on a positive note Sunday climbing 1.5 percent paced by frontline banking scrips. The index added 110.5 points to close 7,528.3 points. This was the 13th rise in 14 sessions, which experts read as signs of the
|
Gulf bourses decline
(The National
-
21/04/2009)
Dubai stocks suffered their worst drop in three months today, leading a slump throughout Gulf markets with steep declines among construction and real estate shares. Arabtec, the UAE’s biggest construction company, lost the most in two months after saying
|
Finance and Economy Briefs
(American Chronicle
-
21/04/2009)
KUWAITI MARKET GAINS LITTLE: The Kuwait Stock Exchange (KSE) bucked the negative sentiment at GCC capital markets by gaining an insignificant 0.13 percent, closing at 7,538.3 points (price index). National Company for Consumer Industries NCCI posted the
|
Real estate shares drag Abu Dhabi index down
(Lab Properties
-
21/04/2009)
The Abu Dhabi Securities Exchange General Index (ADXGI) closed 2.65% lower at 2,623.70 points. Lower oil prices (down by 4.3% per barrel) and profit bookings at real estate heavyweights Aldar (off 6.97%) and Sorouh Real Estate (7.02% lower) dragged the
|
Saudi suffers biggest 1-day fall in 7 weeks
(Reuters
-
21/04/2009)
Slumping banking and petrochemical stocks dragged the Saudi index to its biggest one-day fall in seven weeks, while Dubai rose after the emirates ruler said the worst of the financial crisis was over. The comments from Sheikh Mohammed bin Rashid
|
Equities Tumble on Heavy Profit-taking
(Khaleej Times
-
21/04/2009)
UAE bourses were hit by profit-taking on Monday, with Arabtec Holding pacing losers in Dubai, as its disappointing first-quarter results prompted investors to cash in gains from recent rallies. Arabtec, the country’s biggest construction company and
|
Saudi stocks slip 0.6%; more firms register loss
(Saudi Gazette
-
21/04/2009)
The Saudi Tadawul index closed 0.6 percent lower at 5,218.69 points. However, the index was heading much lower during the first hours of trading and could eventually regain territory. With oil prices heading south, investors sold oil and oil service
|
Profit-booking halts UAE stock market rally
(Gulfnews
-
21/04/2009)
The Dubai benchmark index posted its biggest drop in three months as investors booked profits amid concerns of unsatisfactory first-quarter earnings in the days ahead, after Arabtec announced on Sunday that its profit declined 30 per cent. The index
|
More companies looking to go public in Abu Dhabi
(Gulfnews
-
21/04/2009)
Abu Dhabi may see a 60 per cent increase in stock listings as retailers and leisure firms lead companies planning initial public offerings. "We are told by bankers that theres something in the order of 40 that are committed to going public," said Tom
|
Union Properties to issue 10pc bonus shares
(Reuters
-
21/04/2009)
Dubais Union Properites will issue 10 percent bonus shares to shareholders whose names appear in the share register on April 30, it said on Tuesday. The board of directors had also approved the firm to participate in "other businesses engaged in
|
Abu Dhabi index falls, led by banking and realty stocks
(Gulfnews
-
21/04/2009)
Abu Dhabi index fell 2.15 per cent led by banking and realty stocks on concerns of uncertainties in both sectors after Cityscape failed to lift investor sentiments. The Abu Dhabi Securities Exchange Index closed at 2567.21. Aldar Properties and Sorouh
|
Saudi Shares Drop Most in Three Months on Sabic
(Bloomberg
-
21/04/2009)
Saudi shares tumbled the most in three months, leading declines across the Gulf, after Saudi Basic Industries Corp. announced its first loss since 2001 as the region’s biggest publicly traded company booked writedowns. Saudi Arabia’s Tadawul All Share
|
Gulf stocks rise as Dubai index climbs again
(Gulfnews
-
20/04/2009)
Gulf stocks rose with the Dubai index climbing for a fourth day after His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, said the worst of the economic crisis has passed. Emaar Properties
|
UAE market news & discussions for 19 April 2009
(Share Wadi
-
20/04/2009)
UAE stocks continue to rally with a 0.57% rise in Abu Dhabi to 2695 points from AED 447 million worth of turnover and a solid 1.9% gain in Dubai to 1745 points from turnover of over AED 1 billion. The Nasdaq Dubai had a quiet day with only Depa and DP
|
Net profits of Bahrain-listed firms decline 91.75% last year
(www.business24-7.ae
-
20/04/2009)
Companies listed on the Bahrain stock market reported a 91.75 per cent aggregate drop in net profit for 2008 to BHD72.76m million (Dh709m) with the losses posted by Arab Banking Corporation (ABC) and Investcorp Bank proving to be the biggest drag, data
|
Banking sector buoys KSE stocks
(Kuwait Times
-
20/04/2009)
The Kuwait Stock Exchange (KSE) ended the day in the green backed by gains in the banking and services sectors. Also, the month of April has been the best month for the Global General Index (GGI) since the beginning of the year, with a month-to-date gain
|
Gulf markets rally; sudden loss in Saudi
(The Peninsula
-
20/04/2009)
Slumping banking and petrochemical stocks dragged the Saudi index to its biggest one-day fall in seven weeks, while Dubai rose after the emirate’s ruler said the worst of the financial crisis was over. The comments from Sheikh Mohammed bin Rashid Al
|
DSM hits 3mth high on buying
(Gulf Times
-
20/04/2009)
Qatar’s bourse yesterday opened the week on a strong note with its key index briefly crossing the 5,600 mark in intra-day trading. The 20-stock benchmark Qatar Share Index gained 3.92% or 211 points to close at 5,590.12 points, the highest close in three
|
Mohammed’s Assertion on Economy Lifts Stocks
(Khaleej Times
-
20/04/2009)
Dubai shares rose on Sunday as investors cheered the assertion of His Highness Shaikh Mohammed bin Rashid Al Makthoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, that the emirate has endured the worst of the economic crisis. Emaar
|
Saudi market dips 3.96% on profit bookings
(Ame Info
-
20/04/2009)
After hitting a five-months-high yesteday, the Saudi Tadawul-index plummeted by almost four percent, closing at 5,250.22 points. Market bellwether Sabic closed 8.57% lower. Shares of Tabuk Agriculture and SABB Takaful posted the biggest losses (both
|
Abu Dhabi IPOs to Rise as 40 Firms Consider Listings,
(Bloomberg
-
20/04/2009)
Abu Dhabi, the wealthiest of the seven United Arab Emirates sheikhdoms, may see a 60 percent increase in stock listings as retailers and leisure firms lead companies planning initial public offerings. “We are told by bankers that there’s something in the
|
Boost of Confidence
(www.rootsland.com
-
20/04/2009)
Business leaders across the UAE on Sunday said the frank communication by His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, on his website had boosted business confidence and put to rest
|