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Selling in bank stocks pulls down share index (Times of Oman - 19/01/2017)

Local selling in banking stocks dragged down the MSM30 Index, which ended the session at 5,720.77 points, down by 0.29 per cent. The MSM Sharia Index declined by 0.08 per cent to close at 857.64 points. Oman Fisheries was the most active in terms of

UAE shares edge up on quiet day (The National - 19/01/2017)

Disappointing results from Saudi Electricity dragged shares in the kingdom lower on Wednesday. The UAE bourses ended a quiet day slightly higher. The Tadawul rose slightly during the middle of the trading session before easing lower to finish 0.3 per

Tadawul edges down 0.3% (Arab News - 19/01/2017)

Shares in Saudi Electricity Co. (SEC) weighed on Saudi Arabia’s stock market on Wednesday after the company reported a wider net loss for the fourth quarter. The Tadawul All Share Index(TASI) edged down 0.3 percent as SEC slumped 3.4 percent after

Muscat bourse reacts again on listless trading (Times of Oman - 18/01/2017)

Downward trend continued on the Muscat bourse on Tuesday. The MSM30 Index continued its downward trajectory to close at 5,737.24 points, down by 0.15 per cent. The MSM Sharia Index ended at 858.35 points, down by 0.58 per cent. Oman Fisheries was the

UAE stocks close marginally higher on thin trade (The National - 18/01/2017)

UAE stocks rose marginally on Tuesday in lacklustre trade as oil prices continued to edge up, stoking increasing confidence of an economic rebound among market participants. Investors have also been buying shares of stocks that yield high dividends as

Kuwait treads water after eight-day rally – NBK slips 10 fils; (Arab Times - 18/01/2017)

Kuwait stocks took a breather on Monday after the eight day long rally. The price index was little changed after a volatile session with a 1.17 pct uptick to close at 6,224 points even as the shares closed mixed amid brisk trading. The KSX 15 benchmark

Saudi stocks higher at close (Saudi Gazette - 18/01/2017)

Saudi Arabia stocks were higher after the close on Tuesday, as gains in the Retail, Hotels & Tourism and Building & Construction sectors led shares higher. At the close, the stock benchmark Tadawul All Share Index rose 0.73%. The best performers of the

4 firms approved for listing on parallel market (Saudi Gazette - 18/01/2017)

Four companies have been approved for listing on the parallel stock market which was announced by the Capital Market Authority (CMA) earlier this month. Applications from 77 companies are also under review. The Saudi Stock Exchange (Tadawul) plans to

Saudi stocks climb 0.7% (Arab News - 18/01/2017)

The Tadawul All Share Index (TASI) swung 0.7 percent higher on Tuesday with most buy orders executed in the final hour of trade as Brent crude oil futures climbed back over $56 a barrel. Eleven of the 14 listed petrochemical producers advanced with

Traded value falls on Dubai index as more results eyed (Gulfnews - 17/01/2017)

Dubai index fell, extending losses for another session, even as traded value fell by more than a third as investors awaited more results. The Dubai Financial Market General index closed 0.26 per cent lower at 3,669, after losing more than 1.5 per cent

Kuwait’s bourse soars 115.15 pts; volume up – NBK rallies 20 fils; (Arab Times - 17/01/2017)

Kuwait stocks rose sharply in a broad rally on Sunday to kick off the week on strong note. The price index, rallied 115.15 pts, the highest single day gain of the year, to close at 6,222.83 pts. The sentiment was markedly bullish on firming oil price.

Saudi stock index falls as banking shares dip (Saudi Gazette - 17/01/2017)

A slide in banking shares after earnings at a major bank missed analysts› estimates dragged down Saudi Arabia›s stock market on Monday with the Tadawul All Share Index losing 1.6 percent to 6,824 points, while markets in the rest of the region were

Sinking banks drag down KSA stocks, rest of region mixed (Arab News - 17/01/2017)

A slide in banking shares after earnings at a major bank missed analysts’ estimates dragged down Saudi Arabia’s stock market on Monday, while markets in the rest of the region were mixed. Riyad Bank, the first major Saudi bank to report fourth-quarter

Kuwait stocks extend advance as bank shares weigh on UAE markets (Times of Oman - 16/01/2017)

Kuwait’s main stock gauge, the Middle East’s best performer this year, rose for an eighth day, while shares in the United Arab Emirates fell as investors bet banks will boost provisions for bad loans. Kuwait’s SE Price Index advanced 1.9 per cent to the

Dubai index falls more than one per cent as caution sets in ahead (Gulfnews - 16/01/2017)

Dubai index fell more than 1 per cent in late trade on Sunday as cautious traders booked profits ahead of results of key companies. The Dubai Financial Market General index closed 1.13 per cent lower at 3,678.45, after falling from a high of 3,736.74.

Indices continue positive performance (Arab Times - 16/01/2017)

Boursa Kuwait ended last week in the green zone. The Price Index closed at 6,107.68 points, up by 4.74% from the week before closing, the Weighted Index increased by 1.87% after closing at 392.06 points, whereas the KSX-15 Index closed at 908.68 points

Saudi equities see ‘significant growth’ opportunities: Study (Saudi Gazette - 16/01/2017)

Emirates NBD Asset Management has identified Saudi Arabian equities as an area of strategic focus due to the significant growth potential. Through its MENA Equity funds, Emirates NBD Asset Management already provides exposure to the Kingdom, offering

Tadawul: Insurance stocks gain strength (Arab News - 16/01/2017)

The Tadawul All Share Index (TASI) added 0.1 percent on Sunday. Nine of the top 10 performers were from the insurance segment with Wafa Insurance in the lead, jumping 9.1 percent. Interest in the sector has risen partly because of local media reports

Bullish breakout signalled in UAE markets (Gulfnews - 15/01/2017)

The Dubai Financial Market General Index (DFMGI) gained 92.73 or 2.56 per cent last week to close at 3,720.59. This was the highest weekly closing price since early-August 2015 and it occurred on a spike in volume. Volume reached the highest level in 43

Investors take their gains as DFM falls (The National - 12/01/2017)

Shares in Dubai had their first negative close of the year on Wednesday as investors booked profits following eight straight sessions of gains. Abu Dhabi’s headline index also finished slightly lower, while Saudi Arabia’s Tadawul fell below the 7,000

Nasdaq Dubai welcomes European Union’s recognition (The Gulf Today - 12/01/2017)

Nasdaq Dubai has welcomed the announcement that the regulatory framework of Dubai Financial Services Authority (DFSA) for central counterparties has been classified as equivalent to that of the European Union. Nasdaq Dubai is the DFSA-licensed central

Kuwait index breaches 6,000 pts; volume soars – KFH climbs 10 fils; (Arab Times - 12/01/2017)

Kuwait stocks soared further on Monday to breach the 6000 points benchmark as it extended the rally to fifth straight session. The price index, after a wobbly start, jumped 62.52 points in a broad rally to 6,014.36 point — a 14-month high. The banks were

Saudi stocks fall on oil (Saudi Gazette - 12/01/2017)

Saudi Arabia’s stock market declined for a fourth straight day on Wednesday after oil prices fell further, but other Gulf bourses largely moved sideways and Dubai held near a 15-month high. The Saudi index pulled back 1.6 percent to 6,895 points, falling

Tadawul continues to decline (Arab News - 12/01/2017)

Saudi Arabia’s stock market declined for a fourth straight day on Wednesday after oil prices fell further. The Tadawul All Share Index (TASI) pulled back 1.6 percent to 6,895 points, falling below technical support at the mid-December low of 7,002

Oman shares end lower in subdued trading (Times of Oman - 11/01/2017)

Led by selling in banking and telecom stocks, the MSM30 Index had a subdued session to close at 5,779.81 points. The MSM Sharia Index was unchanged at 871.39 points. Ooredoo was the most active in terms of volume while Omantel led in turnover. Oman

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