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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
RIBL 11 345,788
SABIC 82.24 4,514,661
EMAAR 6.4 5,784,959
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SAFCO 60.53 420,694
TAWUNIYA 94.57 67,649

Forex News

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

Saudi riyal devaluation would carry major political risk

A devaluation of Saudi Arabia’s currency could cause such political instability that Riyadh has little choice but to stick to its promise to use vast foreign exchange reserves to defend the riyal’s 30-year-old peg to the US dollar. Currency traders have

Pound jumps to 3-week high as services index unexpectedly rises

The pound climbed to a three-week high against the dollar after a report showed UK services growth unexpectedly accelerated in January, calling into question whether the market’s outlook for the future path of interest rates was too pessimistic. Sterling

A currency war seems to be in the making

Currency market volatility has been around for decades, if not centuries. Wide gyrations in exchange rates became a staple of international financial markets after the Bretton Woods system broke down in the early 1970s, and mega-depreciations were

Oman central bank committed to dollar peg

Oman remains committed to the peg of its rial currency against the US dollar, the head of the central bank said, after the rial dropped to its lowest level in the forward market for a decade. Low oil prices are hurting Oman’s state finances and depleting

Yuan devaluation beneficial for China growth: QNB

A small and controlled devaluation of Chinese currency could benefit Chinese exports and growth. But this needs to be done without triggering a large devaluation or a currency crisis, QNB noted yesterday. Financial markets have experienced a meltdown

Dhs8.2 billion of service revenues collected through e-Dirham system

e-Dirham, a payment tool introduced by the government of the United Arab Emirates with the aim of facilitating the collection of revenues of governmental and non-governmental service fees in a safe and secure way, has reported the e-collection of Dhs8.2

Dollar peg will stay says Bahrain cbank

Bahrain is committed to keeping its dinar currency's peg to the US dollar, a senior official at the kingdom's central bank said on Monday. "The peg will remain," Ebtisam Al-Arrayed, head of regulatory policy at the central bank, told Reuters on the

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