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Large Cap4,044 0.09
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Small Cap5,252 -0.35
Micro Cap8,971 0.06

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SABIC 97.37 2,673,609
OOREDOO 1200 76,670
EMAAR 7.59 3,995,659
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DIB 6.2 7,618,027
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Forex News

Wall Street hits record highs, dollar gains vs. yen

US and European shares rose on Tuesday, with Wall Street’s three main stock indexes hitting record highs for a second straight day, on expectations that markets would benefit from US President-elect Donald Trump’s policies. The Dow topped 19,000 points

Sterling steady near one-week high

Sterling steadied near a one-week high on Tuesday, holding on to a more than 1 percent rise against the dollar the previous day on the view that Britain’s exit from the European Union will be slower — and softer — than had been feared. The pound jumped

Yuan falls by 189 basis points

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 189 basis points to 6.8985 against the US dollar Monday, (Xinhua) news agency reported citing the China Foreign Exchange Trading System. In China's spot foreign exchange

Thai baht weathers bond exodus

Thailand’s currency is proving to be Southeast Asia’s most resilient this month, as a trade surplus cushions the impact of unprecedented outflows from the nation’s bonds. The baht has weakened 1.7% in November, the least after Taiwan’s dollar and China’s

Foreign currencies crunch hits Indian forex market

Demonetisation of high-value notes has led to an over 50 per cent downslide in the average overall forex sales following a sharp crunch of foreign currencies in the market, money changers said. Across cities, stores and offices of money changers have

Egypt pound weakens as dollar demand surges

The Egyptian pound weakened significantly on Sunday as banks scrambled to meet a surge in demand for dollars and the central bank held benchmark interest rates steady. The pound was trading at between 17.25 and 17.75 against the dollar by 1138 (0938

Dollar heads for 7% fortnightly gain against yen

The dollar powered to its highest levels since 2003 against a basket of currencies on Friday, with Donald Trump’s victory in the US presidential election helping to give the greenback its best fortnight against the yen in almost 30 years. Further

Dollar steadies close to eleven-month high

United States dollar steadied just off an 11-month high against a basket of currencies on Wednesday, with major banks sounding slightly more divided on its immediate prospects after a week-long rally driven by the post-election surge in US bond yields.

Egypt says happy with impact of currency float, inflows surging

Egyptian authorities are happy with financial market movements since they floated the pound, and inflows of foreign exchange into the banking system are surging, deputy finance minister Ahmad Kouchouk said on Wednesday. The Egyptian pound fell to near 18

Dollar direction ‘to dictate Asian equities outlook’

The direction of the dollar, which has surged since the US presidential election, will determine the outlook for Asian equities in the near to medium term, the head of emerging at JPMorgan Asset Management said. The dollar rose to a one-year high against

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