GulfBase GCC Cap Indices
Large Cap3,803 -0.22
Med Cap4,280 -0.04
Small Cap5,702 -0.14
Micro Cap8,614 0.13

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SAGRINSURANCE 28.69 314,717
SABIC 89.83 8,769,989
STC 66.41 453,477
RIBL 12.54 1,184,746
ALMARAI 80.41 227,243
GICI 0.27
EEC 29.8 2,504,402

Forex News

Yuan devaluation threatens to put brakes on China’s oil buying

Will China’s record level of crude oil stockpiling run out of steam after the country’s historic currency devaluation? That is a question that will hang over the oil market in coming weeks following the move by China’s central bank on Tuesday to set the

Weak ruble boosts Gazprom profits

MOSCOW: Russian gas giant Gazprom said its net profit surged 71 percent in the first quarter as a weak ruble compensated for declining sales and lower energy prices. The net profit of 382 billion rubles ($5.9 billion) compared with 223 billion rubles in

Dollar hovers in lower 124 yen range in Tokyo

The U.S. dollar hovered on a firm note in the lower 124 yen range Monday morning in Tokyo, but its upside was capped after U.S. jobs data released Friday came in largely within market expectations. At noon, the dollar fetched 124.34-35 yen compared with

Dollar Slightly Higher Against Yen Amid Solid Stock Performance

The dollar was slightly higher against the yen in Asian trade Monday, with the stock market's solid performance in Asia supporting the U.S. currency amid relatively thin liquidity ahead of Japan's traditional summer holiday season. Around 0450 GMT, the

Euro Rises Amid Expectations Of Stronger Second Quarter Growth

The euro continued to be strong against the other major currencies in the Asian session on Monday, as traders expect the euro area GDP to grow in the second quarter. The data due this week. Eurostat is set to publish the preliminary second-quarter GDP

Dollar erases initial gains after mildly upbeat U.S. jobs report

The greenback surrendered the initial gains it made as a solid U.S. jobs report stoked speculation of a possible September rate hike by the Federal Reserve. U.S. NFP came in slightly weaker-than-expected at 215K vs forecast of 223K whilst unemployment

Fed interest rate cut seen as US dollar gains ground

KUWAIT — The US dollar surged against most of its major counterparts as positive data from the US labor market continued to support expectations that the Federal Reserve might increase rates as soon as September, National Bank of Kuwait (NBK) reported on

Dollar swings up, stocks dip after solid US jobs data

The dollar gained and Wall Street stock futures extended losses as US jobs data came near enough to expectations to bolster bets the Federal Reserve will raise rates for the first time in nearly a decade this year. The data showed 215,000 jobs were added

Dollar steadies, U.S. jobs data eyed to set further direction

The dollar steadied against the euro and yen on Friday after stepping back ahead of a U.S. non-farm payrolls release that could strengthen the case for the Federal Reserve to raise interest rates in September. The euro treaded water at $1.0921 after

Dollar steadies after week of gains

The dollar steadied against the euro and yen on Friday after a week of gains as the market braced for U.S. non-farm payrolls data that could spur the Federal Reserve to raise interest rates in September. The euro treaded water at $1.0915 EUR= after

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