Dubai slips; Abu Dhabi banks muted
(Reuters
-
26/07/2012)
Dubai fell for a fourth session in five and volumes dropped to their lowest since January 1, while the Abu Dhabi bourse ended flat with investors little moved by estimate-beating bank earnings. Dubai’s index declined 0.29 per cent to 1,500.64 points amid
|
Qatar stock index falls again
(Gulf Times
-
26/07/2012)
The bearish sentiment continued on the Qatar Exchange for a third consecutive day yesterday mainly instilled by realty and telecom stocks. Foreign institutions continued to be net sellers but with less vigour as the QE Index (based on price data) fell
|
Gulf share markets trend down, Oman hits 3yr low
(Reuters
-
26/07/2012)
Gulf Arab markets dipped into negative territory on low volumes yesterday as investors, focused on Ramadan and avoiding the region’s searing summer heat, stayed away from trading and global cues failed to inspire buying. In Oman, the Muscat index dropped
|
Tadawul index trades in narrow range
(Gulfbase.com
-
26/07/2012)
The contest between bulls and bears ended without any significant change at Saudi stock market yesterday as Tadawul index retreated to 6,666.8 points, which was roughly where it began the session. The Tadawul All-Share Index (TASI) while wavering in the
|
Dubai up ahead of earnings
(The National
-
25/07/2012)
Dubai's shares crept higher on low volumes yesterday as investors bought intoproperty and construction companies ahead of second-quarter earnings. Emaar Properties jumped 1.5 per cent to Dh3.21 on the Dubai Financial Market (DFM) General Index. Emaaris
|
DFM gains on China manufacturing data
(Bloomberg
-
25/07/2012)
Dubai’s benchmark stock index gained the most in almost a week as oil advanced after a Chinese manufacturing index signalled the economic slowdown may be easing in the world’s second-largest crude consumer. The DFM General Index rose 0.8 per cent, the
|
Bears extend pressure on QE for a second day
(Gulf Times
-
25/07/2012)
The Qatar Exchange continued to witness bearish pressure for the second day yesterday mainly on higher net selling by foreign institutions. Mainly led by large cap equities, the QE Index (based on price data) lost 0.18% to 8,249.29 points. The market is
|
Tadawul index rises on mute volume
(Gulfbase.com
-
25/07/2012)
Saudi Stocks showed narrow fluctuations yesterday, as Tadawul index traded in the range of 44 points on relatively low volume. Tadawul All-Share Index (TASI) inched up to close at 6,670.02 points yesterday. It earlier slid into red territory and
|
Euro zone casts shadow on second quarter
(The National
-
24/07/2012)
Arabian Gulf bourses declined yesterday, tracking global markets, as fresh euro-zone worries dampened investor sentiment. Emaar Properties, the developer behind the world’s tallest skyscraper, fell 2.1 per cent to Dh3.16 in Dubai. Tamweel, the
|
Saudi stock market remains ‘positive’ in H2
(Saudi Gazette
-
24/07/2012)
The outlook for GCC stock markets in the second half of 2012 remains bullish "due to comeback of market liquidity and robust government sector growth," Kuwait Financial Centre (Markaz) said recently in its semi-annual review titled "What to expect in
|
Selling pressure weighs on Qatar Exchange
(Gulf Times
-
24/07/2012)
Selling pressure, particularly in mid and large cap equities, weighed on the Qatar Exchange yesterday. Lower buying interests by domestic institutions and continued net selling by their foreign counterparts led the QE Index (based on price data) to lose
|
Shares across Gulf drop; ENBD pulls down Dubai
(Reuters
-
24/07/2012)
Stock markets across the Gulf slipped yesterday, either reversing gains or extending losses from the previous session, as disappointing earnings and seasonal factors weighed. In Dubai, Emirates NBD, the emirate’s biggest lender, slipped 3% after
|
An upper hand of bears
(Gulfbase.com
-
24/07/2012)
The Saudi Stock Market was in the red yesterday, reflecting an upper hand of bears. The Tadawul All-Share Index (TASI) while gaining a single point earlier yesterday and then changing its direction toward south and spending the entire session in the same
|
ADX creeps higher on 1st trading day since start of Ramadan
(The National
-
23/07/2012)
The Abu Dhabi Securities Exchange crept higher this morning, led by banks and telecommunications, as investors bought up shares on the first trading day since the start of Ramadan. First Gulf Bank, the lender controlled by Abu Dhabi's ruling family,
|
Kingdom remains key center for IPOs
(Arab News
-
23/07/2012)
The second quarter of this year saw the GCC financial markets put up a show of considerable resilience in the face of elevated global economic uncertainty as the euro zone crisis deteriorated. In spite of recurrent volatility, regional trading and
|
KSE green at end of session
(KUNA
-
23/07/2012)
Kuwait Stock Exchange closed Sunday's trading session with green indices across its board. The KSX 15 index went up 4.17 points to read 974.59 points. The price index was at 5,841.5 points; a gain of 27.88 points and the weighted index went up 1.04
|
MMG trade suspended over late Q2 earnings
(Reuters
-
23/07/2012)
The Saudi Capital Market Authority (CMA) has suspended trading in shares of troubled Saudi construction firm Mohammad Al Mojil Group (MMG) after it failed to announce its second-quarter results on time, the CMA said Sunday. "Given the lack of commitment
|
Gulf stocks trading mixed on concerns
(Saudi Gazette
-
23/07/2012)
Trading on Gulf bourses were mixed Sunday. Saudi Arabia’s bourse and Kuwait’s measure both rose 0.5 percent. The Saudi benchmark Tadawul All Share Index rose 0.52 percent to close at 6,700.36 points as petrochemical stocks reversed early-session losses,
|
QE launches data tools to provide more transparency
(Gulf Times
-
23/07/2012)
Qatar Exchange (QE) yesterday launched three data tools, designed to provide market participants with greater transparency and allow more accurate tracking as well as to encourage informed investment decisions. In addition to the existing ‘XDP’ real-time
|
Trading slumps in UAE; Kuwait snaps three-day decline
(Reuters
-
23/07/2012)
Trading on bourses in the United Arab Emirates slumped yesterday as the start of the Muslim holy month of Ramadan exacerbated a summer lull, while Kuwait’s market snapped a three-day decline after the country’s emir approved a new cabinet. Abu Dhabi
|
Doha bourse positive despite profit-booking
(Gulf Times
-
23/07/2012)
Five of the seven sectors experienced profit-booking yesterday, but the Qatar Exchange stayed positive, albeit at lower levels. Led by micro stock equities, the QE Index (based on price data) was up 0.03% to 8,283.35 points. The market is, however, down
|
Oil price rebound lifts Tadawul
(Arab News
-
23/07/2012)
The Saudi stock market extended gains for the third consecutive day yesterday. Petrochemical stocks continue to boost the market, while oil prices also supported. “Investors have been selling petchems in anticipation of bad Q2 numbers, but they’re
|
Tadawul extends gain
(Gulfbase.com
-
23/07/2012)
The Saudi stock market extended gain for the third consecutive day on Sunday. The Tadawul All-Share Index (TASI) edged higher 0.52 percent to 6,700.36 points. The index traded in the range of 6,645.89 to 6,701.3, showing a trading range of 55 points
|
Consumer stocks benefit the most during Ramadan
(Saudi Gazette
-
22/07/2012)
Tadawul All Share Index (TASI) volumes and the index level come under pressure immediately before, during, and the most of Ramadan month, NCB Capital said in its recent analysis. The leading Saudi wealth manager finds that from the third week of Ramadan
|
High hopes build further for recovery in property
(The National
-
22/07/2012)
Investors are set to take their cue this week from the UAE as the earnings reporting season gets under way. The Dubai Financial Market General Index jumped 3.7 per cent on Wednesday, reaching a high of 1,545.21 for the week as investors banked on
|