Q1 earnings hopes boost capitalisation by QR8bn
(Gulf Times
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31/03/2012)
The first-quarter earnings outlook helped the Qatar Exchange (QE) gain QR8bn in capitalisation as about 67% of the stocks extended gains to investors in the week that otherwise saw other Gulf peers largely in the negative terrain. Institutional (both
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Arab investors eye Q1 earnings
(Arab News
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31/03/2012)
Arab stock markets closed mixed last week as investors were involved in profit-taking moves and bids to obtain clues to the first quarter results, financial analysts said Friday. They expected regional markets to move sideways in the coming couple of
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Return of investor confidence at Tadawul
(Arab News
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31/03/2012)
The Saudi stock market has had a strong start to the year. By the end of March 21, it had climbed by 17.5 percent. Over this period it crossed 7,000 points for the first time since September 2008 and rose for 14 consecutive days for the first time since
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KSE ends trading in red, drops 21.7 points
(KUNA
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30/03/2012)
Kuwait Stock Exchange (kse) closed Thursday in red with the price index reading 6,165 points at a loss of 21.7 points, while the weighted index came to 420.21 points, an rise of 0.11 points. Trades came to 3,647 transactions, worth 26,984,010 Kuwaiti
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GCC petrochemical companies profits fall 11.9% in 4Q
(Arab News
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30/03/2012)
Profits of the GCC petrochemical companies in 4Q11 declined by 11.9 percent YoY to $732.2 million as compared to $831.6 million in the same period last year due to lower pricing in global markets, according to a report by Global Investments House
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QE treads flat trajectory; UAE down
(Gulf Times
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30/03/2012)
The Qatar Exchange yesterday treaded a flat trajectory as buying interest in insurance and services was contained by profit-booking at the banks and industrials counters. The 20-stock benchmark settled mere 0.01% higher at 8,790.73 points although there
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DFM led Gulf lower on oil; Drake & Scull falls
(Bloomberg
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30/03/2012)
Dubai’s benchmark stock index led declines in the Gulf as oil dropped and US government data showed that orders placed with factories for durable goods rose less than economists estimated. Islamic Arab Insurance, an insurance provider, slumped the most
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UAE bourses dip as risk-averse investors cut positions
(Reuters
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30/03/2012)
A negative global backdrop weighed on UAE bourses yesterday as risk-averse investors reduced positions, and most other regional markets also ended lower. Dubai’s index retreated 2 percent, giving back Wednesday’s gains but it remains 21.8 percent up
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Dubai Shares Lead Persian Gulf Declines on Oil; Arabtec Falls
(Bloomberg
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29/03/2012)
Dubai’s benchmark index fell the most in three weeks, leading declines in Persian Gulf shares, as oil dropped and U.S. government data showed orders placed with factories for durable goods missed economists’ estimates. Islamic Arab Insurance Co.
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Bahraini lender BBK extends rally
(AME Info
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29/03/2012)
The Baharain All Share Index added 0.18% Thursday, enlarging its first quarter gain to 0.77%. Bahrain Telecommunication or Batelco advanced 0.93%, while lender BBK surged 1.94%. The bank has constantly added value during the last week as the Kingdom's
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Qatar Exchange Index Gains 137.45 Points This Week
(QNA
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29/03/2012)
Qatar Exchange Index gained 137.45 points (1.59%) this week when trading closed for the weekend on Thursday at 8,790.73 points. Trading value during this week decreased by 1.73% to reach QR 1,705,254,563.78 compared to QR 1,735,271,034.51. Trading volume
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Qatar Exchange Up 0.01%
(QNA
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29/03/2012)
The Qatar Exchange was pursued its upswing trend Thursday adding 0.51 points or 0.01% to 8,790.73 points from the previous closing of 8,790.22 . The volume of shares traded was down to 11,381,884 from 12,118,543 Wednesday and the value of shares
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Agthia Group net profit dives 25%, shares close flat
(AME Info
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29/03/2012)
The Abu Dhabi Securities Exchange General Index (ADXGI) fell half a percent to close at 2,553, ending the first quarter 2012 with a gain of 6.22%. Agthia Group closed even, after the food and beverage producer announced sales in 2011 soared 14%
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Dubai bourse ends strong quarter on a low note
(AME Info
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29/03/2012)
Profit takers who aimed to cash in on the DFM General Index's strong first quarter performance sent the gauge down 2.04% to close at 1,648.87 points Thursday. Since January 1, the measure advanced 21.92%. Emaar Properties slipped 1.94%, like a total of
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National Gas directed to suspend EGM resolutions
(Oman Daily Observer
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29/03/2012)
National Gas Company says it has received a letter from the Capital Market Authority (CMA) directing it to suspend the resolutions passed at an extraordinary general meeting (EGM) of the company held on March 2, 2012. The CMA’s decision has been issued
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Qatar bourse gains 2.09% in February, trading volume jumps 7%
(Al Watan
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29/03/2012)
Reversing last month's dip on disappointing dividend distribution by blue-chip companies, the bourse gained 2.09 percent during February to 8,746.98, to almost erase last month's loss bringing the market's year-to-date (YTD) 2012 loss to a marginal 0.37
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ADCB seeks 10% share buyback and blue chips dominate DFM
(The National
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29/03/2012)
Abu Dhabi Commercial Bank has said it will seek shareholders approval to buyback as much as 10 per cent of its shares over six months, according to a statement to the Abu Dhabi bourse today. Shareholders will vote on authorizing the board to buy back
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KSE ends trading with no change in the price index
(KUNA
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29/03/2012)
Kuwait Stock Exchange (KSE) closed Wednesday with a slight movement taking the price index back to where it started with 0 point and reading 6,186.7 points. The weighted index, meanwhile, came to 420.1 points, an up of 0.12 points. Trades came to 3,701
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Egypt index rallies; Gulf stocks mixed
(Reuters
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29/03/2012)
Egypt’s bourse rallied yesterday after an Algerian finance ministry source said the government would pay $6.5bn to acquire a majority stake in Orascom Telecom’s (OT) unit Djezzy, while trading was mixed on Gulf markets. Resolution of a long-running
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Kuwait to suspend 67 firms if they fail deadline
(Gulf Times
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29/03/2012)
The Kuwait Stock Exchange yesterday said it will suspend trading in the shares of 67 listed companies if they didn’t submit their full-year financial results by the morning of Sunday, April 1. The bourse said in a statement posted on its website that its
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Qatar shares at 2-month high on services support
(Gulf Times
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29/03/2012)
The Qatar Exchange yesterday inched near the 8,800 level mainly on buying support from services stocks. Domestic as well as foreign institutions were seen upping their buying interests as the 20-stock benchmark gained 0.20% or 17 points for the fourth
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Qatar seen taking over the lead in GCC stocks rally
(Reuters
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29/03/2012)
Qatar’s stock market has been witnessing a lacklustre performance so far this year as compared to its Gulf peers. But a surge in prices this week suggests it could now start to outperform the region, boosted by healthy corporate earnings, traders and
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Investors continue to expand Tadawul volume
(Arab News
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29/03/2012)
The Tadawul All-Share Index (TASI) retrieved the lost points of Tuesday, dug in at 7,782.84 and finished its last trading day of the week up over 0.20 percent. It earlier hit intra-day low at 7722 points but market witnessed some buying interests later
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QE reaches year-to-date break-even on strong industrials and services
(AME Info
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28/03/2012)
The QE 20 Index added 0.20%, finishing at 8,790.22 points and bringing its year-to-date gain also up to 0.20%. With today's gain, the Qatari bourse is on a good way to finish its sluggish first quarter with a small happy-end. Market bellwether Industries
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Mobius Leads Saudi Bulls on Volatility: Riskless Return
(Bloomberg
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28/03/2012)
Money managers from Mark Mobius to John Burbank are bullish on Saudi Arabia, where stocks are producing the world’s best risk-adjusted gains in 2012 with lower volatility than longer-term U.S. Treasuries. The BLOOMBERG RISKLESS RETURN RANKING shows the
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