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Tadawul up 47.50 points in opening minutes (Gulfbase.com - 30/09/2012)

The Tadawul All-Share Index (TASI) continued inching its way higher in the green zone during the first hour of trading on Sunday and reached at 6,855.27 points, up 47.56 points or 0.70 percent. The index traded within a range of 58 points. The market

QE Index continues its Losing Streak in early trade (Gulfbase.com - 30/09/2012)

The QE index while continuing its losing streak during the first couple of hours trading on Sunday reached at 8,481.91 points, trimming 11.79 points or 0.17 percent respectively. The Market breadth was negative with 13 companies witnessing advances

DFM Index below the break even line in early trading (Gulfbase.com - 30/09/2012)

The DFM Index initiated its Sunday’s travel negatively. The index trimmed nominal 2.65 points to reach at 1,566.85 level. Telecom and Transport sectors traded in red zone, dropping 1.71 percent or 1.19 percent respectively. Real estate being the best

ADX initiates its Sunday’s travel on a positive note (Gulfbase.com - 30/09/2012)

ADX initiated the Sunday’s travel on a positive note. The index being just above the break even line added nominal 0.05 percent to reach at 2,604.28 points level. The market breadth is positive with 6 companies witnessing advances against 4 companies

Saudi shares dive on dismal global outlook (Saudi Gazette - 30/09/2012)

Shares traded on Saudi Stock Exchange (Tadawul) dropped to the lowest since July 29 Saturday, losing 1.03 percent to close at 6,807.71 points ahead of quarterly company financial results and on concern that Europe’s debt crisis is worsening. Saudi

QNB weekly market report (Gulf Times - 30/09/2012)

The Qatar Exchange (QE) Index lost 105.95 points, or 1.23%, during the week, to close at 8,493.70 points. Market capitalization fell by 0.92% to reach QR469.0 billion as compared to QR473.4 billion at the end of the previous week. Out of the 42 listed

Insurance and Real Estate drag Tadawul down (Gulfbase.com - 30/09/2012)

The Tadawul All-Share Index (TASI) started a sideways walk along the break even line earlier yesterday, abruptly changed its direction toward south after mid of the session and finally closed in the red territory at 6,807.71 points, down 71.01 points or

Saudi Shares Fall on Quarterly Results Outlook, Global Economy (Bloomberg - 29/09/2012)

Shares in Saudi Arabia declined to the lowest in two months ahead of quarterly company financial results and on concern that Europe’s debt crisis is worsening. Al-Rajhi Bank (RJHI), the kingdom’s largest lender by market value, dropped for a fourth day,

Government buying to boost Kuwait stocks (Reuters - 29/09/2012)

The long-drawn-out political deadlock between Kuwait's cabinet and parliament has hurt the stock market, but fund managers and analysts believe government-linked funds may have stepped in to support shares, and blue chips are reaping the benefit. The

ADX receives Mexican delegation (AME Info - 29/09/2012)

Abu Dhabi Securities Exchange (ADX) received on Thursday the 27th of September, a high level delegation from the Mexican embassy in Abu Dhabi. The high level delegation was received by Abu Dhabi Securities Exchange top staff. Noting successful

Realty, banks and telecom stocks witness selling pressure on QE (Gulf Times - 29/09/2012)

Profit booking by foreign retail investors and institutions landed the Qatar Exchange in the negative trajectory in the week. Realty, banks and telecom stocks largely came under selling pressure as the QE 20-stock Qatar Index and Total Return Index lost

Role of IR crucial in capital markets (Saudi Gazette - 29/09/2012)

Abdullah Alsuweilmy, CEO of the Saudi Stock Exchange (Tadawul) underlined the importance of investor relations (IR) in the development of capital markets. At the recent workshop held by Tadwul in partnership with Middle East Investor Relations Society

Market cap falls to SR 1.38 trillion (Gulfbase.com - 28/09/2012)

Last week was largely negative for the Saudi equities as the Tadawul All-Share Index (TASI) trimmed back the 7,000-mark during the week to close lower at 6,878.72 points, down 178.29 points or 2.53 percent from its previous weekend close at 7,057.01

Kuwait rallies to new 15-week high; Gulf mixed (Gulf Times - 28/09/2012)

Kuwait’s bourse rose to a fresh 15-week high yesterday on talk of state-linked buying and on hopes the political deadlock in the Gulf state may soon reach a resolution, while other Gulf markets finished mixed. Large-cap stocks rose in heavy trading.

Domestic selling pressure extends losing streak on QE to third day (Gulf Times - 28/09/2012)

The Qatar Exchange entered the third day of bearish run yesterday mainly on selling pressure exerted by domestic institutions. Largely driven by the realty sector, the 20-stock QE Index (based on price data) fell 0.13% to 8,493.70 points. The market is

Kuwait market rallies to new 15-week high (Reuters - 28/09/2012)

Kuwait’s bourse rose to a fresh 15-week high yesterday on talk of state-linked buying and on hopes the political deadlock in the Gulf state may soon reach a resolution, while other Gulf markets finished mixed. Large-cap stocks rose in heavy trading.

Qatar Index Continues Moving in Red Territory (Gulfbase.com - 27/09/2012)

The QE Index while following the yesterday’s negative trend continued moving in the red territory during the first couple of hours trading, dropping 10.66 points or 0.13 percent to reach at 8,494.28. Only Consumer Goods & Services and Insurance sectors

DFM moves up slightly in early trade (Gulfbase.com - 27/09/2012)

The DFM general index moved up slightly during the first couples of hours trading on Thursday. The index reached at 1,573.21points, up 10.29 points or 0.66 percent respectively. The Market breadth was strong with advance decline ratio of 8:1. All the

ADX moves upward in opening minutes (Gulfbase.com - 27/09/2012)

The ADX General Index initiated the Thursday’s travel on a positive note. The index adding 3.96 points or 0.15 percent reached at 2,601.54. The market breadth was strong as 7 companies witnessing advances against 1 company witnessing declines. All the

Dubai slides most since June (The National - 27/09/2012)

Stocks in Dubai fell by the most in three months as risk aversion grew on world markets and European equities fell over concerns about Spain's public finances. The Dubai Financial Market General Index lost 1.8 per cent to 1,562.92, the biggest intraday

Deyaar, Arabtec and Emaar lead Dubai market decline (The National - 27/09/2012)

Property stocks took a hit on UAE markets as risk aversion grew on world markets and European stock futures fell. The Dubai Financial Market General Index shed 0.5 per cent to 1,582.51, while the Abu Dhabi Securities Exchange General Index was up 0.1 per

alizz islamic IPO gaining momentum (Saudi Gazette - 27/09/2012)

The ongoing initial public offering (IPO) of alizz islamic bank SAOG (under formation) will close on Oct. 21, 2012. The promoters are Huriah Company LLC, aabar Investments PJS, First Energy Oman and Tasameem Real Estate Company LLC. The promoters have

‘Investor relations’ becoming key part of QE firms’ strategy (Gulf Times - 27/09/2012)

The Qatar Exchange (QE) has found 80% of its listed companies have or are in the process of establishing a dedicated investor relations (IR) department, a move that is seen as a yardstick of good corporate governance. The survey - carried out over three

Saudi stock market slumps to 2-month low (Arab News - 27/09/2012)

Saudi Arabia’s bourse slumped to a two-month low yesterday amid a region-wide decline. The Tadawul All-Share Index (TASI) fell 1.42 percent to finish at 6,878.72 points, its lowest close since July 31. Asim Bukhtiar, vice president and head of research,

Tadawul bears win with a high margin (Gulfbase.com - 27/09/2012)

The tug of war ended in the favor of bears with high margin, as Tadawul index yesterday repeated its negative performance as of July 9, 2012, shedding 1.42 percent in a single day. The Tadawul All-Share Index (TASI) opened at 6,977.67 points, which

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