GulfBase GCC Cap Indices
IndexLevelChg%
Large Cap4,292 -0.39
Med Cap5,229 0.23
Small Cap6,598 0.70
Micro Cap10,056 0.85

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EEC 42.7 1,192,679
SPIMACO 39.57 343,619
ALKHODARI 29.87 2,398,765
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EMAAR 7.5 15,391,217
STC 65.47 687,757
SABIC 79.12 4,845,009

Forex News


USD stable against Kuwaiti dinar at KD 0.291


The USD exchange was stable against the Kuwaiti dinar in Thursday's trading at KD 0.291 while the euro went up to KD 0.363, compared with Wednesday's rates, said the daily bulletin of the Central Bank of Kuwait (CBK). The pound sterling exchange rate

JPY and Gold benefit as investors close USD positions


The sell-off in stocks yesterday wasn’t just limited to the Asian and European markets, with bearish pressure also felt in US Stocks when the US trading session commenced. The S&P 500 suffered its biggest decline since the global sell-off in October with

Gold Price Surged As Dollar Fell Against The Board


The carnival of Chinese stock market experienced a full stop and fell over 5% after it refreshed a 4-year high. The fear spread to Western markets later along with the news of Greek political instability. The need for a safe haven surged and boosted the

Essel Finance eyes $1 billion revenues in forex business


Essel Finance, the financial services arm of Mumbai-based Essel Group, which has inked a deal to pick up 63% stake in Chennai-based VKC Credit and Forex, a money changing services company, is targeting $1 billion sales in 2-3 years. The new entity, which

China to promote development of interbank forex market


China’s foreign exchange regulator announced on Dec 10 that it will facilitate financial institutions to enter the interbank foreign exchange market. China’s State Administration of Foreign Exchange (SAFE) said the regulation would promote a

FOREX-Dollar bulls shaken out of crowded positions, China eyed


The dollar nursed hefty losses early on Wednesday following a brutal shakeout of bullish positions as investors found excuses to take profits as the year-end loomed. Spooking markets, political uncertainty in Greece appeared to have reignited worries

Australia dollar weaker after downbeat Westpac sentiment survey


The Australian dollar held weaker on Wednesday as a consumer sentiment survey showed a downbeat outlook. AUD/USD traded at 0.8288, down 0.07%, while USD/JPY changed hands at 119.58, down 0.08%. In Australia, Westpac said its consumer sentiment survey

Comfortable Forex Reserves to Ease CAD Worries, says Jaitley


Finance Minister Arun Jaitley on Tuesday said that increased current account deficit (CAD) as recorded in the July-September was “not a cause for concern” as India’s forex reserves are at a comfortable level. With country’s forex reserve at acomfortable

‘Forex peg here to stay’


The UAE will keep its currency peg to the US dollar, a senior central bank official reiterated yesterday after an unusually large move by the dirham in the forwards market. Asked by Reuters whether the dollar’s global strength was putting any pressure on

UAE to activate China currency swap soon


The central banks of the UAE and China aim to activate their 35bn yuan ($5.7bn) currency swap agreement soon, a senior UAE central bank official said yesterday. The agreement, designed to facilitate two-way trade and investment, was originally signed in

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