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Nasdaq Dubai welcomed today’s listing of a $1 billion (Dh3.67 billion) sukuk by Dubai Islamic Bank (DIB), the UAE’s largest Islamic bank, on the region’s international exchange.
It brings the total value of DIB’s sukuk current listings on Nasdaq Dubai to $4.25 billion, more than any other UAE issuer.
DIB’s earlier sukuk listings comprise of a $1 billion listing in 2013, two listings in 2015 of $750 million and $1 billion, and a listing in 2016 of $500 million.
The newest DIB listing reinforces Dubai’s position as the world’s largest venue for sukuk listings by value, raising the total listed in the emirate to $47.81 billion.
Shares on the Muscat Securities Market (MSM) reacted amid selling pressure in blue chip stocks. The general index – MSM 30 – declined by 20.69 points to close at 5,046.11 points.
Times of Oman
Dubai’s leading real estate developer, Emaar Properties, pulled the emirate’s stock index lower yesterday while Saudi Arabia’s index again retreated from major technical resistance. The Dubai index
Abu Dhabi Securities Exchange (ADX) said it will host its annual forum for Abu Dhabi’s listed companies on October 24.
The Forum, which will be held for the first in Abu Dhabi for the year
Boursa Kuwait ended last week with mixed performance. The Price Index closed at 6,633.07 points, up by 0.07% from the week before closing, the Weighted Index decreased by 0.01% after closing at 431.5
The value of shares traded on Gulf stock markets plummeted this year, a report said on Sunday, in the latest sign of how the region's economies are struggling with the drop in oil prices.