GulfBase GCC Cap Indices
IndexLevelChg%
Large Cap3,574 -1.24
Med Cap3,582 -2.22
Small Cap4,685 -2.35
Micro Cap7,072 -4.14

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Ticker Price Volume
EEC 20.08 968,655
BKMB 0.4 605,197
TAWUNIYA 81.73 125,441
OOREDOO 1220 76,076
QNBK 156 141,107
RIBL 10.2 562,416
SABIC 81.27 6,884,734

Forex News


Analysts see no recovery of pound at least in near future


The pound just had its worst day ever, and few analysts expect the UK currency to recover all of the losses that sent it to its lowest level since 1985 - at least, not in the foreseeable future. BNP Paribas, one of the biggest sterling bulls before

Major currency exchange warns of GBP shortage in UAE after Brexit


A major currency exchange in the UAE is warning of a possible pound shortage in the country after the Brexit vote triggered a two-day rush for the currency. Demand for pounds in the UAE have increased since Friday morning, as Gulf News reported on Friday

Sterling panic-buying? Not in UAE


There is no panic-buying of the pound sterling in the UAE currency market and there is also no shortage of the currency, major exchange houses have confirmed to Khaleej Times. The UK's unprecedented decision to leave the European Union sent shockwaves

Yen intervention under study


Japan’s government and central bank are considering measures, including unilateral intervention in the currency market, to counter any abrupt gains in the yen, the Nikkei newspaper reported. Intervention may take place if yen demand jumps abruptly

Britain’s pound soars,stocks rise but Brexit,Yellen keep nerves taut


Britain’s pound hit a 5/12-month high against the dollar and stocks rose on Tuesday as worries diminished that Britons would vote to leave the European Union, though polls and surveys showing the referendum on a knife-edge kept investors nervous. Two

Indian rupee extends losses


Extending losses against the American currency for the second straight day, the rupee dropped by another 17 paise to close at 67.48 on persistent dollar demand from banks and importers amidst weakness in equities. Foreign capital outflows also affected

Indian rupee tumbles most since January


India’s rupee headed for its biggest decline since January after central bank Governor Raghuram Rajan said he will be leaving the top position when his term expires in September. Rajan on Saturday announced he’ll be stepping down when his term ends

Nigerian naira tumbles 23%


Nigeria’s naira slumped 23 percent against the dollar on Monday after the central bank removed its currency peg to alleviate chronic foreign currency shortages choking growth in Africa’s biggest economy. The naira traded just twice at 255 against the

Money Supply aggregate decreases by 0.9% in May


The Central Bank has announced that the Money Supply aggregate M1 decreased by 0.9 per cent from Dhs493.4 billion at the end of April, 2016, to Dhs488.9 billion at the end of May, 2016. The Money Supply aggregate M2 decreased by 1.4 per cent, from

How the establishment of Qatari riyal has contributed to economic grow


The development of the banking system in Qatar has been integral to country’s rapid economic growth in a variety of ways. This week, we will focus on an important part of Qatar’s economic infrastructure: the establishment of the Qatari riyal as our

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