GulfBase GCC Cap Indices
IndexLevelChg%
Large Cap3,864 0.12
Med Cap4,052 0.09
Small Cap5,100 0.40
Micro Cap8,175 0.24

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Ticker Price Volume
EEC 24.71 572,351
BKMB 0.44 529,503
QNBK 151 54,950
RIBL 11.24 18,932,861
GFH 0.51 4,000
SABIC 95.39 5,476,743
ZAIN.TASI 8.47 12,630,130

Forex News


Pound’s best run since Brexit vote faces data hurdles next week


The pound is set for a litmus test next week with the release of housing data and purchasing managers’ surveys that might crimp the currency’s best run since May versus the dollar. Sterling climbed for the second week versus the US currency, its first

Dollar bulls awaken as Yellen bolsters outlook for rate increase


Dollar traders are playing catch-up with the Federal Reserve. The greenback snapped a two-week losing streak after Fed Chair Janet Yellen said the case to raise interest rates is getting stronger, while vice-chairman Stanley Fischer indicated an increase

Euro-sterling parity is a reality, says HSBC


When UK businessman Paul Frampton bought the spending money for his family vacation to Tuscany this month, he was astonished to be charged almost a pound for each euro he purchased. “I was flabbergasted,” said the 41-year-old media-company boss, who paid

Govt on hook for China banks’ shrinking capital


Ht by bad loans, Chinese banks are expected to show a weakening in their capital strength in first-half earnings, raising the prospect that government might have to inject more than $100bn to shore them up, according to some analysts. There are early

Dollar bounces with Fed in focus as Brent falls


The dollar recovered from its lowest level in a month and a half on Monday on expectations of a Fed rate hike later this year. After upbeat comments from the Federal Reserve vice-chairman Stanley Fischer on the US economy, investors will now turn their

Turks moving savings into foreign currencies impede lira advance


The rally that made the lira one of the biggest winners of the hunt for higher-yielding assets is coming up against a domestic hurdle: Turks are starting to boost their foreign-currency holdings. Households and businesses in Turkey moved $1.9bn into

Syrian pound drops sharply against US dollar: central bank


The value of the Syrian pound fell sharply by six percent over the weekend, losing ground to the dollar, the central bank in Damascus said Sunday. The official SANA news agency quoted the bank as saying the pound was trading at 517.40 against the dollar

Money supply rises to Dhs1191.2b: CB


The Central Bank has announced that the Money Supply aggregate M2 increased by 0.9 per cent, from Dhs1180.4 billion at the end of June 2016 to Dhs1191.2 billion at the end of July, 2016. The Central Bank also announced that the Money Supply aggregate M1

Bitcoin traders making 700% returns lose millions to hackers


For years, Tian Jia made the kind of returns on his money that investors in the rest of the world could only dream of. The 29-year-old Beijing-based programmer had $440,000 (Dh1.6 million) on deposit at the Hong Kong bitcoin exchange Bitfinex until last

Egypt’s dollar black market resilient


Desperate to elude roving financial police and fearful of new jail terms for black-market money-changing, Egypt’s currency traders are driving with bags of cash to meet clients in discreet locations around the vast capital Cairo. “The company I used to

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