GulfBase GCC Cap Indices
IndexLevelChg%
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
EEC 21.95 778,245
DU 6 157,134
RJHI 64.82 2,142,800
RIBL 10.81 453,023

Forex News


Sterling ‘trading around ideal rate for UK economy’


Sterling’s near 20 percent plunge following Britain’s vote in June to leave the European Union has brought the currency to the ideal rate for the UK economy, according to a Reuters poll of economists taken in the past few days. That plunge, however, has

Currency fluctuation by Fed rate hike to benefit expatriates


Expatriates in Qatar are likely to benefit from US Federal Reserve’s widely expected move to hike interest rates. The hike in interest rates, which is expected to be around 25 basis points or 0.25 percentage points, will make major currencies around to

Egyptian pound slides further following floatation


The Egyptian pound slid against the dollar on Sunday, the first full business day since Egypt took the unprecedented step of floating its currency and significantly hiking fuel prices. The bold double move has both triggered price hikes and met key

Qatar best performing GCC country for Xpress Money


Qatar has emerged as the best performing market in the GCC country for Xpress Money in terms of business growth. Despite weak economic growth and low oil prices, Xpress Money, one of the world’s leading money transfer brands, witnessed a 20 percent

Hungry for dollars, banks offer market rates


Hungry for dollars after the central bank floated the pound on Thursday, Egyptian banks are offering market rates for the greenback as they try to build their reserves before interbank trading begins in earnest next week. But some bankers warned that a

FOREX-Dollar slumps, yen and franc surge as Trump rattles markets


The dollar slumped and the Swiss franc and Japanese yen surged on Wednesday as investors worried by the prospect of a Donald Trump presidency sought out safe havens for their money. The yen, driven lower in the past month as investors abandoned long-term

Egyptian pound continues nosedive against US dollar


The Egyptian pound (EGP) lost yet more ground against U.S. currency by the end of October, with the exchange rate exceeding 18 pounds to the dollar on the black market, while Egypt’s central bank maintained the official rate at 8.88 EGP to the greenback.

UK firms reporting lift from lower pound but costs rise


The pound’s slide since Britain voted to leave the European Union in June appears to be working out exactly as anticipated — while helping firms to win business from overseas, it’s pushing up their costs by raising the price of imported goods. That

Single currency inevitable in GCC region: CBO chief


The creation of a single currency in the Gulf Cooperation Council (GCC) region has become inevitable and is only a matter of time, the executive president of Oman’s central bank was quoted as saying. Oman is not one of the countries pushing for a common

Sizeable foreign assets ‘to support riyal-dollar peg’


Analysts at Bank of America Merrill Lynch expect the riyal-US dollar peg to hold given the still sizeable foreign assets and the Kingdom’s experience with implementing multi-year fiscal adjustments. “We expect energy policy to shift toward putting a

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