Despite negative sentiment in the regional markets, MSM30 index ended on a positive note to close at 5739.72, up by 0.13 per cent. Gulf Investment Services was the most active in terms of volume while BankMuscat was the most active in terms of turnover.
The trading session of Kuwait Stock Exchange (KSE) ended Sunday with an almost all-red board, as indices failed to reverse course taken since early action. The price index ended the day at 5,723.4 points, a loss of 3.5 points, while the weighted index
The Gulf Cooperation Council (GCC) markets had a positive month; the S&P GCC Composite was up 2.55% due to strong performance from Saudi Arabia and Qatar, which gained 5.13% and 2.17% respectively, for the month, Kuwait Financial Centre ‘Markaz’ said in
Toward the end of November and at the beginning of December last year, the stocks on the Doha Securities Market (DSM) and Dubai Financial Market (DFM) witnessed a rally. Whilst the rally was partly due to the global trend in markets, fueled by the
Dubai’s index led losses among Gulf peers yesterday as investors stayed on the sidelines awaiting earnings reports, while Saudi shares bulked the regional trend to end at a five-month high. Bourse operator Dubai Financial Market fell 2.9%, weighing on
The year 2011 was difficult for investors. Equities generally performed poorly, while bonds and commodities were extremely variable, according to analysis by QNB Capital. Last year began with a degree of measured optimism about the global economy, which
Dubai stocks retreated the most in more than two weeks as investors await the release of full-year results and after oil declined in New York. Air Arabia, the Middle East’s largest discount airline, decreased for the first time in four days and Dubai
Dubai’s index led losses among Gulf peers on Sunday as investors stayed on the sidelines awaiting earnings reports, while Saudi shares bulked the regional trend to end at a five-month high. In Saudi Arabia, Etihad Etisalat (Mobily) helped lift the index
After hitting a 5-month high Saturday, the Tadawul gauge in Riyadh added 0.25% today, closing at 6,467.61 points. According to the DIFC Weekly Economic Commentary, Saudi Arabia's non-oil exports increased 34% year-on-year to SR42.9bn in Q3 2011, "with
The trading session of Kuwait Stock Exchange ended Sunday with an almost all-red board, as indices failed to reverse course taken since early action. The price index ended the day at 5,723.4 points, a loss of 3.5 points, while the weighted index came to
When will the buyers get in? Despite a positive input from Saturday's trading in Saudi Arabia and historically low valuations at the Dubai Financial Market (DFM), stocks continue to decline across the board, sending the DFMGI down 1.02% to 1,335.03
The Abu Dhabi market gauge ADXGI closed half a per cent lower at 2,386.50 points amid low trading volumes. RAK Properties (up 3.45%) and Aldar Properties (1.12% higher) were among the top five gaining shares. Eshraq Properties, on the other hand, dived
The boards at Kuwait Stock Exchange on Sunday are still mainly in red, 11:16 a.m Sunday, with the price index reading 5,722.3 points, a drop of 4.6 points, while the weighted index came to 397.67 points, a slip of 1.64 points. Trades came to 1,105
Price index of Kuwait Stock Exchange shed 2.7 points in early trading on Sunday falling to the level of 5,724.2 and the weighted index followed suit losing 0.24 points, decreasing to 399.07 points. Number of trades amounted to 209 points, value of trades
Towards the end of November and at the beginning of December last year, the stocks on the Doha Securities Market (DSM) and Dubai Stock Exchange (DSE) witnessed a rally. The Dubai index was up 2.6 percent in the last week of November, rebounding from
As the earnings-reporting season gets under way, investors this week will turn their attention to quarterly results from Saudi Arabia's retail sector. Analysts are expecting to see decent fourth-quarter results, with year-on-year numbers driven by store
Kuwait Stock Exchange (KSE) ended last week in the red zone. The price index ended last week with a decrease amounted to 1.50 percent, while the weighted index dropped by 1.56 percent compared to the closings of the week before. Furthermore, last week's
Saudi Arabian shares gained, led by banks, as manufacturing reports bolstered global economic optimism before the release of earnings in the Arab world’s biggest economy. The Tadawul All Share Index increased 0.7% to 6,449.93, the highest level since
The Qatar Exchange (QE) showed a mixed performance during the week starting January 2. The official QE index gained 1.22% over the previous week’s closing and finished the week at 8,885.98 points last Thursday, while the Alshall index (cap weighted)
Saudi Arabian shares yesterday rose to the highest in more than five months, led by banks, as manufacturing reports bolstered global economic optimism before the release of earnings in the Arab world’s biggest economy. The Tadawul All Share Index gained
Saudi Arabian shares gained, led by banks, as manufacturing reports bolstered global economic optimism before the release of earnings in the Arab world’s biggest economy. The Tadawul All Share Index (SASEIDX) increased 0.7 percent to 6,449.93, the
Saudi shares opened higher on Saturday, lifted by gains in the petrochemical and banking sectors after oil prices gained yesterday. Brent crude prices edged up on Friday and gained more than 5 per cent for the week as anxiety over Iran and potential
Real estate companies registered with Kuwait Stock Exchange (KSE) lost KD 180 million out of their values in 2011, according to a recent report. Some 30 shares, or 77 percent, out of a total of 39 property shares listed at the KSE plummeted last year,
The performance of Saudi stocks has seen some improvement in the fourth quarter of 2011, primarily due to the distribution of good dividend by listed corporations, according to Global Investment House report. The research note said that Tadawul All Share
The cash dividend to be paid by MSM30 Index constituents this year is expected to rise about 12.3 per cent touching RO 262.559 million on year on year basis. A total of five companies in MSM provide a dividend yield of above 10 per cent. Among the