GulfBase Live Support
29/03/2016 07:32 AST
Strong petrochemical shares lifted Saudi Arabia’s stock market in early trade on Monday, while Orascom Telecom Media pulled Egypt lower again because of concern about its deal to acquire CI Capital.
Saudi Basic Industries climbed 2.3 percent, helping the Saudi index rise 0.9 percent. Saudi Telecom rebounded 2.4 percent after sliding for several days in response to regulators cutting regional roaming fees in the Gulf. The Qatar Exchange down 83.63 points or 0.82% as it closed yesterday at 10,145.39 points down from the previous closing of 10,229.02.
The volume of shares traded up to 10,189,517 from 8,847,314 Sunday, and the value of shares increased to QR370,786,003.69 from QR273,949,395.28. Among the top losers were Qatar Insurance whose share dropped 3.05% to QR79.50 and Qatar Islamic Bank with 1.89% fell to QR103.60 per share. Qatar Navigation was lost 3.01% to QR90.20 and Ooredoo down 2.19% to QR85.00 Egypt’s index fell 0.6 percent as Egyptian billionaire Naguib Sawiris’s Orascom Telecom, the most heavily traded stock, lost 1.3%.
Orascom Telecom had dropped 3.8 percent on Sunday after Sawiris said its bid to acquire CI Capital, the investment arm of Commercial International Bank (CIB), was being held up by national security concerns. Sawiris also criticised state meddling in business that he said would put off investors.
The Peninsula
Ticker | Price | Volume |
---|---|---|
SABIC | 114.77 | 5,915,941 |
05/04/2018
Foreign investors bought $1.18 billion in Middle East and North African equities in March, especially Saudi ones amid the kingdom’s upgrade to emerging market status by FTSE Russell, according to a r
The National
05/04/2018
Buying activity in financials lifted the MSM30 Index to 4,794.61 points, up 0.41 per cent. The MSM Sharia Index closed at 676.52 points, down 0.08 per cent. Gulf Investment Services was the most acti
Times of Oman
05/04/2018
Traded value on the Dubai Financial Market tumbled on Wednesday as global stocks declined amid an intensifying US-China trade war. In Abu Dhabi, banking shares surged ahead of first quarter results s
Gulf News
04/04/2018
Driven by financial blue chips, the MSM30 Index continued its recovery to close at 4,775.27 points, a gain of 0.53 per cent. The MSM Sharia Index ended at 677.06 points, down 0.07 per cent. HSBC Bank
Times of Oman
04/04/2018
Emaar Properties shares extended losses for another session on Tuesday, to hit their lowest level in a year, as selling continued on the wider Dubai gauge. Emaar Properties fell to a low of Dh5.58, b
Gulf News