The Tadawul All-Share Index (Tasi) closed Saturday trading 1.89% higher at 6,709.91 points. A whopping 135 out of 154 traded shares advanced, while 13 declined. Market bellwether and petrochems leader Sabic outperformed the gauge, ending up 3.92% at
Strong selling pressure from foreign institutions dragged the Qatar Exchange (QE), resulting in more than QR7bn erosion in notional wealth during the week. More than 83% of the equities extended losses to investors as the QE Index (based on price data)
Egypt's bourse rallied for a fourth day on Thursday since Mohamed Mursi's presidential election victory, while most Gulf markets fell with investors cutting risk ahead of an EU meeting. Egypt's main index rose 1.7 per cent, staging its fourth-biggest
The Tadawul All-Share Index (TASI) continued stepping downward throughout the week, ended in the red territory at 6,585.63 points, down 252.42 points or 3.69 percent, from its previous weekend close at 6,838.05 points. Micro cap performed worst among the
Qatar Telecom sank yesterday after Moody’s Investors Service said the operator’s plans to buy a stake in Kuwait’s National Mobile Telecommunications (Wataniya) for US$1.9 billion was “credit negative”. Moody’s said the plan would put liquidity pressure
Local retail investors’ profit booking yesterday extended the bearish spell in the Qatar Exchange for the seventh consecutive day. Large and mid cap equities largely came under selling pressure as the QE Index (based on price data) lost 0.54% to 8,123.02
The Bahrain All-Share Index advanced 0.21% to reach 1,126.71 points Thursday, ending the first half of 2012 with a small loss of 1.48%. Bahrain Tourism Company surged 5.47% to hit BD0.27. Shares of Islamic bank Ithmaar lost the most, finishing off 8% at
Qatar Exchange index lost 130.44 points (1.58%) this week when it closed Thursday at 8,123.02 points. The trading value increased by 9.98% when it reached reach QR 795,847,968.90 this week compared to QR 723,640,996.09 the previous week. The trading
Qatar Exchange index dropped by 43.96 points (0.54%) when trading closed Thursday at 8,123.02 points from the previous closing of 8,166.98 . The volume of the shares traded was down to 5,939,416 from 6,532,653 on Wednesday and the value of shares was QR
The Dubai Financial Market General Index (DFMGI) finished Thursday trading flat at 1,451.87 points,ending a six-day losing streak. Emaar Properties closed one percent lower at Dhs2.80. Investment bank Shuaa Capital jumped 6.77% to hit Dhs0.694. With a
On the last trading day of the first half-year, the ADXGI fell 0.90% to close at 2,447.62 points, as market leader Etisalat (off 3.26% at Dhs9.34) and real estate giant bellwether Aldar Properties (down 0.90% at Dhs1.12) weighed in the gauge. Trading
Egypt’s main index clung on to gains made yesterday following the Muslim Brotherhood’s victory in the presidential election this week. The EGX30 Index rose 0.3 per cent to 4,628.45, its fourth consecutive day of gains, despite the threat of downgrades
Kuwait Stock Exchange's KSX 15 index ended Wednesday's trading session with a gain of 9.32 points to read 985.18 points. The price index was at 5,820.94 points losing 3.4 points. The weighted index went up 2.37 points to 403.71 points. Trades came 3,745
Saudi Arabia’s bourse fell to a five-month low Wednesday on jitters about political uncertainty in the region and weak oil prices, raising investor concerns that the world’s top oil exporter may reduce the size of a $500 billion government stimulus. The
The Qatar Exchange weakened for the sixth consecutive day yesterday mainly dragged by realty, telecom and industrial equities. Small and mid cap equities bore the maximum brunt as the QE Index (based on price data) lost 0.34% to 8,166.98 points. The
The Saudi stock market was in the red yesterday, reflecting a solid grip of bears. The Tadawul All-Share Index (TASI) after gaining over 20 points earlier yesterday, then diving in the south and keeping the downward trend throughout the session, closed
Qatar Exchange index dropped by 27.67 points (0.34%) when trading closed Wednesday at 8,166.98 points from the previous closing of 8,194.65. The volume of the shares traded was down to 6,532,653 from 6,666,859 on Tuesday and the value of shares was QR
The DFM General Index ended off 0.16% Wednesday, closinga at 1,452.18 points. Market bellwether Emaar slipped 0.35% to Dhs2.83, while Arabtec Construction edged 0.36% higher to reach Dhs2.82. Despite the 6th decline in a row, the DFM gauge did not break
A lacklustre ADX General Index lost half a percentage point Wednesday and closed at one-week low at 2,469.86 points. Trading volumes fell to a new 2012-low as 19.4m shares were traded, valued at Dhs37.3m. Commercial Bank International gained the most (up
Abu Dhabi’s shares declined yesterday, tracking global markets, amid euro-zone fears after 28 Spanish banks were downgraded and oil dropped to below US$80 a barrel. Abu Dhabi National Energy Company, also known as Taqa, fell 1.6 per cent to Dh1.21 on the
Kuwait Stock Exchange's KSX 15 index ended Tuesday's trading session with a gain of 6.39 points to read 975.86 points. The price index lost 33.32 points gaining to 5,824.34 points. The weighted index went up 3.33 points to 401.34 points. Trades came to
Kuwait’s stock market snapped a five-session losing streak after the cabinet resigned, and Saudi Arabia’s market made some marginal gains as oil prices recovered, but most other Gulf markets slipped yesterday. Egypt’s bourse continued to rally after the
The Qatar Exchange saw a protracted bearish spell for the fifth consecutive day yesterday despite strong buying support from local retail and institutional investors. An across-the-board selling, particularly in telecom, industrials and banking segments,
After three consecutive days of trading in the red, the Saudi Stock Market rebounded yesterday, recovering a few points merely. The Tadawul All-Share Index (TASI) edged higher 0.20 percent to 6696.84 points on the back of strong performance by Transport
The Tadawul All-Share Index ended Monday 0.20% higher at 6,696.84 points. Petrochems and metals giant Sabic edged up by 1.11% to hit SR91. Earlier in the day Sabic said that KEMYA, a SABIC affiliate, has awarded the Engineering Procurement and