GulfBase GCC Cap Indices
Large Cap4,049 -0.63
Med Cap4,095 -0.71
Small Cap5,228 -0.77
Micro Cap8,944 -1.15

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Ticker Price Volume
QNBK 152 277,896
SABIC 97.29 2,079,752
MMG 12.55
RJHI 64.82 2,142,800
EEC 21.95 778,245
RIBL 10.81 453,023
DU 6 157,134

Forex News

Dollar bloodbath turns bonanza as fiscal spark seen in Trump win

The consensus in the $5.1tn-a-day currency market couldn’t have been more wrong. The widely held view was that a victory by Donald Trump in the US presidential election would spur a dollar rout as investors anticipated uncertainty and financial-market

Peg an anchor of stability for GCC

The new normal of low oil prices suggests challenging times ahead for fiscal balances in the Gulf Cooperation Council (GCC) region, and prompts the enduring debate on the sustainability of their long-standing pegged foreign exchange (FX) rate. To put

Mexico's peso plummets to new low on Trump effect

Mexico City: The Mexican peso endured one of its worst week in two decades, falling to a new record low on Friday over concerns about President-elect Donald Trump's economic policies. The currency traded at 21.15 pesos per dollar on Friday afternoon,

China weakens yuan-dollar rate beyond landmark 6.8 level

China weakened the yuan’s reference rate to beyond 6.8 to the dollar for the first time in more than six years Friday as the greenback rebounded strongly, with analysts warning the unit could drop further. The People’s Bank of China set the value of the

Weak dollar to benefit Omani exporters in overseas markets

Tumbling of the United States dollar against major world currencies in the aftermath of Donald Trump’s election victory will marginally benefit Oman’s economy. Since Omani rial is pegged to the US dollar, any depreciation in dollar value is directly

Strong dollar and operational headwinds hit profits at Emirates

Profits at Emirates Group, the holding company for Dubai’s aviation businesses, fell by 64 per cent in the first half of the financial year 2016-17, as it was affected by the strength of the US dollar and a "challenging operating environment". Net profit

Dollar, Mexican peso, stocks topple as Trump wins

The US dollar sank and stocks plummeted in market mayhem on Wednesday as investors faced up to a shock win for Donald Trump in the US presidential election that could upend the global political order. European shares looked set to follow with losses of

Dollar hits highest level vs. yen since July 27

The dollar hit its highest level against the Japanese yen in nearly four months on Wednesday, as US Treasury debt yields touched multi-month highs following Republican candidate Donald Trump’s victory in the presidential election. Yields on benchmark

Devaluation of Egyptian pound to help energy industry

The devaluation of the Egyptian pound last week by the country’s Central Bank will help Egypt’s energy industry attract more investments and pay current contractors, according to Tarek Al Molla, Egypt’s Minister of Petroleum and Mineral Resources.

Banks warn clients to brace for FX volatility after US vote

Major banks have formally told clients to expect volatile currency markets in the aftermath of Tuesday’s US presidential election, with the gap between buying and selling prices that determines the cost of trading expected to widen sharply if Donald

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