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Swing traders in action as Dubai index outperforms
(Gulfnews - 31/05/2017)

Swing traders came back in action after a gap of a month, triggering outperformance in Dubai index. The Dubai Financial Market General Index closed 0.67 per cent higher at 3,340.27. Gulf Finance House, Arabtec, Amanat shares witnessed buying, as swing

UAE stocks gain Dhs2.8 billion on buying spree
(The Gulf Today - 31/05/2017)

Sentiments improved at UAE stock markets on Tuesday following a selective buying spree targeting leaders, with trading companies gaining Dhs2.8 billion in market value, as per statistics issued at the close of today’s session. Dubai Financial Market

Oman shares rise on gains in banking sector
(Times of Oman - 31/05/2017)

Supported by gains in Bank Dhofar and Bank Sohar, the MSM 30 index closed with gains at 5,402.44 points, up 0.32 per cent. The MSM Sharia Index was up by 0.05 per cent to end at 791.74 points. Bank Sohar was the most active in terms of both volume and

GII to launch GCC’s first Shariah compliant monthly dividend REIT
(Oman Daily Observer - 31/05/2017)

Gulf Islamic Investments (GII) is pleased to announce the upcoming formation and launch of a Shariah compliant real estate investment trust (REIT), under the name of “GII Islamic REIT Ltd”. GII plans to register the REIT in the Dubai International

Kuwait notches modest rebound; volume shrinks – Agility gains 10 fils;
(Arab Times - 31/05/2017)

Kuwait stocks headed north on Monday stemming the four-day decline. The price index rose 13.23 pts in volatile trade to 6,662.89 points even as the overall sentiment remained sluggish amid anemic trading. The KSX 15 measure inched 0.19 pt up to 913.16

Saudi stocks rise as petrochemical sector gains strength
(Arab News - 31/05/2017)

Most Gulf stock markets rose on Tuesday, with petrochemical shares pushing Saudi Arabia up. The Tadawul All Share Index (TASI) gained 0.7 percent in thin trade as the biggest petrochemical producer, Saudi Basic Industries Corporation (SABIC), rose 1

Oman shares decline on listless trading
(Times of Oman - 30/05/2017)

Shares on the Muscat bourse edged down on listless trading. The MSM 30 Index was relatively stable and closed at 5,385.21 points, down 0.03 per cent. The MSM Sharia Index gained 0.21 per cent to end at 791.35 points. Al Madina Investment was the most

Meethaq Sukuk issue closes in 3 days, gets strong response
(Times of Oman - 30/05/2017)

Meethaq—the pioneer of Islamic banking in Oman from Bank Muscat—has evoked a strong response to its Sukuk programme. The maiden OMR25 million issuance, which is part of the larger OMR100 million Sukuk programme for retail and institutional investors, is

QSE edges lower as Ezdan delisting plan weighs on sentiment
(Gulf Times - 30/05/2017)

Ezdan Holding, which will temporarily be taken off the indices following its proposed delisting, had its dampening effect on Monday on the Qatar Stock Exchange, which otherwise saw gainers outnumber decliners. Increased net selling by Gulf institutions

Ramadan lull weighs on region
(The National - 30/05/2017)

Most Arabian Gulf stock markets were little changed yesterday as investor sentiment remains low in the midst of the economic slowdown hitting the region. The Ramadan lull also weighed on trading, which remained thin in most markets. "We need significant

Dubai index sees temporary bounce in weak market
(Gulfnews - 30/05/2017)

Dubai index jumped on Monday as traders took advantage of the stocks, which were trading near their support level, even as many analysts expected a weak trend on the gauge. The Dubai Financial Market General Index closed 0.74 per cent higher at 3,318.12.

Saudi, Dubai stocks rise; oil prices flat
(Saudi Gazette - 30/05/2017)

Gulf stock markets were mixed on Monday with Saudi Arabia and Dubai rebounding modestly from losses which they suffered on Sunday due to disappointment that last week›s meeting of global oil producers did not take stronger action to boost prices. The

Saudi REITs surge after oversubscription
(Arab News - 30/05/2017)

The Tadawul All Share Index (TASI) climbed 0.6 percent on Monday with real estate investment trusts (REITs) accounting for three of the top four percentage gainers after Saudi Fransi Capital said an offer of units in its new Taleem REIT this month was

Dubai Stocks Trading at the Cheapest This Year Amid Oil Woes
(Bloomberg - 29/05/2017)

Dubai stocks are trading at the cheapest level since November as the one-year forward price-to-earnings ratio for its main stock gauge falls near nine times. Many blue-chip names in the U.A.E. are now trading at attractive levels compared to emerging

65 Abu Dhabi-listed firms post Q1 profit over $3.25bn
(Trade Arabia - 29/05/2017)

Profits of 65 domestic and foreign companies listed on Abu Dhabi Securities Exchange (ADX) have reached Dh12 billion ($3.26 billion) in the first quarter (Q1) of 2017, growing by 19 per cent, compared with Dh10.4 billion in Q1 2016, a report said. In the

Oman share index falls near 14-month low
(Times of Oman - 29/05/2017)

Oman’s benchmark MSM30 Index fell by 0.31 per cent to close at 5386.64 points; it’s lowest in fourteen months. The MSM Sharia Index was down by 0.22 per cent to end at 789.68 points. Bank Nizwa was the most active in terms of volume while Omantel led in

Foreign institutions betting on QSE firms on ‘improved Qatar outlook’
(Gulf Times - 29/05/2017)

Foreign institutions, whose inflows have expanded after the upgrade of the Qatar Stock Exchange (QSE) to emerging market status, are betting on banks, logistics and building material companies owing to improved macroeconomic outlook of the country. “We

All-round selling in UAE stocks as key support eyed
(Gulfnews - 29/05/2017)

The UAE stocks witnessed all-round selling on Sunday, the first day of Ramadan, as traders saw a higher possibility of the Dubai index to fall towards keenly watched 3,200 level. The Dubai Financial Market General Index closed 1.01 per cent lower at

Profit of 65 companies listed on ADX reaches Dhs12b
(The Gulf Today - 29/05/2017)

Profits of 65 domestic and foreign companies listed on Abu Dhabi Securities Exchange, ADX, in Q1 2017 have reached Dhs12 billion, growing by %19, compared with Dhs10.4 billion in Q1 2016. In the banking sector, 14 banks gained Dhs5.825 billion of

UAE stock markets end lower on quiet Ramadan trade
(The National - 29/05/2017)

UAE markets fell on Sunday as the second day of Ramadan led to soft retail volumes coupled with disappointment over last week’s Opec decision. The Dubai Financial Market General Index fell 1 per cent to 3,293.60, dragged lower by companies including

Gulf markets fall on global oil output deal
(Arab News - 29/05/2017)

Most Gulf stock markets fell in disappointment on Sunday after global oil producers agreed to extend cuts in output by nine months in an effort to prop up prices. Last Thursday’s oil output deal may put a floor under oil prices at around $50 a barrel for

QNB Weekly Market Report
(Gulf Times - 28/05/2017)

The Qatar Stock Exchange (QSE) index decreased 42.83 points, or 0.42% during the trading week to close at 10,060.52. Market capitalisation increased by 0.63% to QR540.9bn versus QR537.5bn at the end of the previous week. Of the 44 listed companies, 16

Last day to subscribe to Arabtec’s rights on May 28
(Gulfnews - 28/05/2017)

The last day for Arabtec rights holders to disclose their intent to subscribe to rights will be on May 28, before the new shares get listed on the Dubai Financial Market on June 8. “Subscription forms will be available during the Subscription Period from

Oman share index falls on regional cues
(Times of Oman - 25/05/2017)

Oman’s benchmark, MSM30 Index, followed regional cues and ended on a weaker note at 5,392.31 points, down 0.17 per cent. The MSM Sharia Index closed at 789.80 points, up 0.06 per cent. Al Madina Investment the most active in terms of volume as well as

Qatar Stock Exchange & Stenden University in Qatar sign MoU
(The Peninsula - 25/05/2017)

Qatar Stock Exchange (QSE) and Stenden University in Qatar (SUQ) yesterday signed a Memorandum of Understanding (MoU) to promote partnership between the two sides. The MoU was signed by Qatar Stock Exchange CEO, Rashid bin Ali Al Mansoori, and Dr Ivan