Global volatility hits Gulf markets
(The National
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12/04/2012)
Local markets declined yesterday under the influence of volatile global markets. European stocks rebounded during the day from Tuesday's heavy losses on fears about Spain's debt burden, as the country's debt yields fell back from 5.99 per cent to 5.58
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MSM surge continues
(Oman Daily Observer
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12/04/2012)
The Muscat Securities Market (MSM) general index 30 continued its rising trend in the fourth session this week by adding more than 23 points, constituting a rise by 0.40 per cent to close at 5,906 points compared to 5,882 points in its previous session.
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Kuwait body unveils new acquisition procedures
(Saudi Gazette
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12/04/2012)
Kuwait’s Capital Markets Authority set new procedures for companies planning to acquire more than 30 percent of a listed stock, including requiring an independent opinion, according to a circular published in local newspapers. The stock exchange and its
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KSE ends trading with 15.6 point gain
(Agencies
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12/04/2012)
Kuwait Stock Exchange (KSE) closed Wednesday in mixed zones. The price index read 6,164.3 points at a gain of 15.6 points, while the weighted index came to 409.38 points, down by 0.62 points. Trades came to 3,079 transactions, worth 22,370,650 Kuwaiti
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‘QE played a key role in AFE achievements’
(Gulf Times
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12/04/2012)
The Arab Federation of Exchanges (AFE) has been able to establish close co-ordination with the Federation of Euro-Asian Stock Exchanges and kick-start the initiative to link the GCC (Gulf Co-operation Council) stock markets in the last one year. This was
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Banks propel Saudi stocks rebound
(Saudi Gazette
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12/04/2012)
Saudi stocks rebounded from a five-day slump Wednesday as banks rose on strong earnings. The kingdom’s stock benchmark Tadawul All Share Index rose for a first session in six, finishing 0.28 percent at 7,573.28 points. Al Rajhi Bank rose 3.9 percent,
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Banks lead Saudi rebound; Mobinil sale hopes lift Egypt
(Reuters
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12/04/2012)
Saudi stocks rebounded from a five-day slump yesterday as banks rose on strong earnings, and Egypt’s Mobinil helped lift the bourse after surging on optimism over a deal for France Telecom to buy most of its shares. The kingdom’s index rose for a first
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Qatar shares fail to break resistance level at 8,800
(Gulf Times
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12/04/2012)
The Qatar Exchange yesterday failed to break the 8,800 resistance level as its stocks retreated mainly due to profit-booking by foreign institutions. Notwithstanding the buying support from domestic institutions, the QE Index (based on price data) fell
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Saudi banks stay in the limelight
(Arab News
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12/04/2012)
The Saudi Stock Market bucked the 5-day downward trend and turned green yesterday on the back of strong performance by the Banking and Media sectors. The Tadawul All-Share Index (TASI) ended the day in the green at 7,573.28 points, up 21.40 points or
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Saudi stock market & economy are strong ‘but global situation fragile'
(Arab News
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12/04/2012)
Saudi stocks rebounded from a five-day slump on Wednesday as banks rose on strong earnings. The TASI index rose for a first session in six, closing 0.3 percent higher at 7,573.28 points. Al-Rajhi Bank rose 3.9 percent, SABB added 1.7 percent and Banque
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Qatar Exchange Down 0.13%
(QNA
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11/04/2012)
The Qatar Exchange was down on Wednesday 11.02 points or 0.13% to 8,760.05 points from the previous closing of 8,771.07. The volume of shares traded was gain to 15,422,124 from 14,343,158 Tuesday, and the value of shares up to QR 296,411,304.16 from QR
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Islamic banks outperform at Abu Dhabi market ADX
(AME Info
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11/04/2012)
The Abu Dhabi Securities Exchange ADX declined 0.58% to 2,532.03 points, as share fell across all sectors. While the conventional Bank of Sharjah or Bos dipped 0.60%, shares of Abu Dhabi Islamic Bank, known as ADIB, and Sharjah Islamic Bank advanced
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Air Arabia shares extend bullish flight
(AME Info
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11/04/2012)
The Dubai bourse DFM dipped slightly on Wednesday, ending off 0.38% at 1,672.01 points. While the UAE's first developer Emaar slipped 0.62%, logistics provider Aramex gained the most (up 1.11% at Dhs1.82). Air Arabia advanced 0.42% to close at Dhs0.721.
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UAE bourses flat as sell off sweeps global markets
(The National
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11/04/2012)
Local markets were subdued this morning after all the major indexes across Europe, the United States and Asia closed down last night amid the continuing global sell off following the first quarter rally in equities. In the United States the Dow Jones
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Kuwait bourse to launch Nasdaq-backed trading system
(Agencies
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11/04/2012)
Kuwait's bourse will launch a new trading system on May 13, backed by The Nasdaq OMX Group Inc, to help trading of financial instruments such as derivatives and Islamic bonds, it said on Tuesday. The new "X-stream" trading system costs 18.3 million
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Low DFM volumes lure investors
(The National
-
11/04/2012)
Shrewd investors looking to take advantage of recent low volumes to move the market to their advantage helped to push the main Dubai bourse to its biggest single session gain in a week. The Dubai Financial Market (DFM) General Index closed 1.26 per cent
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Stock traders, investors laud King’s directives
(Saudi Gazette
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11/04/2012)
Stock market traders and investors have welcomed the directives of King Abdullah, Custodian of the Two Holy Mosques, to the chairman of the Capital Market Authority (CMA), urging a crackdown on illegal dealings and wild speculation on the local bourse.
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Profit-taking weighs on Saudi shares; Egypt hits 9-week low
(Reuters
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11/04/2012)
The Saudi bourse declined for a fifth session on Tuesday as investors booked gains from a recent rally, and Egyptian shares fell to a nine-week low on uncertainty over the drafting of a new constitution and a presidential election. The kingdom’s index
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QE reverses 4-day losses on foreign buy support
(Gulf Times
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11/04/2012)
The buying support from foreign institutions yesterday reversed the four-day bearish trend at the Qatar Exchange on surge in trading volumes, especially in industrials. Strong buying interest in the telecom and transport equities lifted the QE Index
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DFM rises; Air Arabia rallies on dividend
(Bloomberg
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11/04/2012)
Dubai benchmark stock index advanced the most in a week on speculation first-quarter earnings will beat expectations and after Air Arabia raised dividend payments. Emaar Properties, developer of the world’s tallest skyscraper, increased for the first
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Uncertainty grips stock market
(Arab News
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11/04/2012)
The Saudi stocks took another dip at Tadawul on Tuesday. Uncertainty prevailed throughout the day and Saudi Stock Market logged a largest intra-day decrease of 2012. The index went down 4.8 percent in five days. The Tadawul All-Share Index (TASI) started
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Tadawul drops 2%
(Arab News
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11/04/2012)
The Saudi stock market continued its downward spiral and fell for a fifth session yesterday as investors booked gains from a recent rally. The Tadawul All-Share Index (TASI) lost 145.83 points or1.89 percent to close at 7,551.88 points, but the index
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Kuwait shares gain across the board, lift market by half a percent
(AME Info
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10/04/2012)
The KSE Market Index finished at 6,148.7 Tuesday, 0.47% higher compared to the previous close. According to a study released today by Global Investment House (unchanged), Kuwait's public finance in 2011/12 is all set to post a surplus for the thirteenth
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Sabic shares hit five-week low as sluggish oil prices weigh on Riyadh
(AME Info
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10/04/2012)
The Tadawul All Share Index or Tasi could not follow the rebound in Dubai (up 1.26% on Tuesday) and fell for the fifth session straight, closing off 1.89% at 7,551.88 points as Asia, European and U. S. markets started weakly into the post-Easter week.
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Dubai Shares Rise Most in Week; Air Arabia Rallies on Dividend
(Bloomberg
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10/04/2012)
Dubai benchmark stock index advanced the most in a week on speculation first-quarter earnings will beat expectations and after Air Arabia PJSC (AIRARABI) raised dividend payments. Saudi stocks fell for a fifth day. Emaar Properties PJSC (EMAAR),
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