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Large Cap3,632 0.14
Med Cap3,883 0.09
Small Cap5,158 0.34
Micro Cap8,146 0.23

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QNBK 141 109,746
SABIC 82.24 4,514,661
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Forex News

Aussie dollar plunge sees renewed interest for food exports

The dramatic fall in the Australian dollar to a seven-year low last month is renewing interest in the Middle East for the country’s food exports. The Middle East and North Africa is one of Australia’s largest food export destinations with the country

Britain’s pound traders brace for months of volatility

Pound traders are expecting little respite from the currency’s volatility after UK. Prime Minister David Cameron called a referendum on the nation’s European Union membership for June 23. The pound jumped the most in more than two weeks against the

UAE money exchangers raise sector growth worries with central bank

Money exchange houses in the UAE are holding talks with the central bank about planned new capital requirements, amid concern that they might crimp growth in the industry. Dubai is the region’s main center for exchanging foreign currencies, sending

UAE, India eye currency swap deal

The Central Bank of the UAE has signed a memorandum of understanding (MoU) with the Reserve Bank of India in Mumbai to consider a currency swap agreement that is expected to give a major thrust to bilateral economic and trade ties. Mubarak Rashed Al

China yuan surges after central bank chief’s comments

China’s yuan currency surged more than one percent against the dollar, its biggest rise in over a decade, after the central bank chief said there was no reason the beleaguered unit should fall further. The yuan stood at 6.4944 to $1.0 at 0830 GMT, up

Foreign exchange traders turn to yen

when the going gets tough, foreign-exchange traders turn to the yen. Japan’s currency may extend its biggest two-week rally since 1998 as investors continue to seek out refuge assets amid market turmoil, according Citigroup. State Street Global Advisors,

Pound recovery looks distant on weak UK data, ‘Brexit’ risks

Pound bulls hoping for a sustained recovery in the currency may be disappointed as next week brings a combination of domestic data and a European Union summit that may confirm the timing of the U.K.’s referendum on its membership. Sterling depreciated

Yen surges as global market rout extends ahead of Yellen testimony

The Japanese yen extended gains against the dollar and the euro on Wednesday as nervous investors fled to safe investments with equity markets plunging on concerns about the global economy. With volatility returning to bourses around the world,

Yen near November 2014 highs, euro lags on banking worries

The yen rose on Tuesday to its highest against the dollar since November 2014, as a sell-off in global stocks and worries about Europe’s banks stoked demand for safe-haven currencies. The euro underperformed. Although it has enjoyed a good correlation

China forex reserves fall almost $100bn in January

China’s foreign exchange reserves have fallen to their lowest level in more than three years, the central bank said, as Beijing sells dollars to stop the yuan from depreciating further. The world’s largest currency hoard shrank by $99.5 billion in

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