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Sukuk market to witness better activity in Oman
(Times of Oman - 31/05/2016)

Several Omani private firms are keen to raise funds by way of sukuk or Islamic bond issues, after Mohammed Al Barwani Holding LLC receiving approval from the market watchdog Capital Market Authority (CMA) for a OMR58 million-issue. The companies

Gulf bourses fall in broad sell-off after crude dips below $50
(Gulf Times - 31/05/2016)

Shares in the Gulf fell in a broad sell-off yesterday as investors booked profits after a dip in oil prices. Egypt was lower as foreign funds exited positions. Saudi Arabia’s index lost 1.1 %, its lowest close since April 11, before the kingdom announced

Dubai index snaps gaining streak as DIB in focus
(Gulfnews - 31/05/2016)

The Dubai index fell on Monday, snapping a five day gaining streak, as markets witnessed selling pressure on lack of news flow. The Dubai Financial Market General index closed 1.61 per cent lower at 3,306.44, after gaining more than 3 per cent in the

Kuwait bourse edges lower;volume tumbles–Commercial Bank drops 10 fils
(Arab Times - 31/05/2016)

Kuwait stocks sagged slightly Sunday as sentiment dampened over scrapping of stake sale of Kharafi Group owned Americana. The price index eased 3.86 points in volatile session to settle at 5,392.81 pts with mixed board. Some of the banks closed lower

Tadawul index falls 1.1%; SABIC shares drop 1.8%
(Arab News - 31/05/2016)

Shares in the Gulf fell in a broad sell-off on Monday as investors booked profits after a dip in oil prices. Egypt was lower as foreign funds exited positions. Saudi Arabia’s Tadawul Al-Share Index lost 1.1 percent, its lowest close since April 11,

Scrapped Americana sale weighs on Kuwait; other bourses mixed
(Gulf Times - 30/05/2016)

Shares in Kuwaiti companies linked with the Al-Kharafi family tumbled yesterday after the multi-billion-dollar sale of another Kharafi-controlled business was scrapped, while other markets were mixed in thin trade. Investment company Adeptio had agreed

Dubai index trades in tight range ahead of Ramadan
(Gulfnews - 30/05/2016)

The Dubai index on Sunday ended off highs, but traded in a tight range on lack of interest from traders ahead of Ramadan. The Dubai Financial Market General index closed 0.28 per cent higher at 3,360.47, after trading in the tight range of

UAE bourses manage small gains
(The National - 30/05/2016)

Shares in the UAE eked out minor gains on Sunday, as indexes across the Arabian Gulf began the week slightly lower in the run-up to the month of Ramadan. The Dubai Financial Market General Index enjoyed its fifth consecutive day of gains, rising by 0.28

DP World raises $1.2 billion
(Khaleej Times - 30/05/2016)

DP World on Sunday announced that the company has raised $1.2 billion in a new seven-year sukuk set to be listed on Nasdaq Dubai, after the issue received strong investor interest and was oversubscribed over two times, receiving more than $2 billion in

Kuwait bourse ends in green; volume soars – Market cap reaches KD 23.3
(Arab Times - 30/05/2016)

Kuwait Stock Exchange (KSE) ended last week in the green zone. The Price Index closed at 5,396.67 points, up by 1.36% from the week before closing, the Weighted Index increased by 0.27% after closing at 357.67 points, whereas the KSX-15 Index closed at

Dubai stocks post best streak in 8 months
(The Gulf Today - 30/05/2016)

Dubai stocks gained a fifth day amid declining trading across Gulf Arab equity markets, with some investors taking a long weekend and the start of Ramadan about a week away. The DFM General Index rose 0.3 per cent, capping the longest winning streak

Banking shares weak as Tadawul drops 0.8%
(Arab News - 30/05/2016)

Saudi Arabia’s benchmark Tadawul All-Share Index 0.8 percent, with banking shares particularly weak. Banque Saudi Fransi and National Commercial Bank slumped 4.0 and 2.2 percent respectively. Stocks which had been advancing since the government announced

Relaxation of margin trading rules to enhance traded volumes
(Times of Oman - 29/05/2016)

A recent move to further relax secured financing or margin trading is expected to enhance traded volumes on the Muscat bourse. The market watchdog Capital Market Authority (CMA) has extended secured finance facility to companies listed in regular and

47% QSE-listed firms meet estimates
(The Peninsula - 29/05/2016)

Forty percent of the GCC listed companies reported profits higher than analysts’ estimates in 1Q16. The aggregate profits of 149 companies, according to the list compiled by SICO Investment Bank, reached $12.6bn beating consensus median by three percent

Kuwait bourse indices post weekly gain–Market capitalization up margin
(Arab Times - 29/05/2016)

The KSE Indices witnessed a positive week as the KSE price index closed with 5,396.67 an increase of 1.36% up 72.62 points compared to the previous week. As the MUDX remained stable with a marginal 0.01%to close at 515.44 for the week. While the market

CMA sets quorum to hold general assemblies for listed companies
(Saudi Gazette - 29/05/2016)

The quorum for holding a general assembly for listed companies is set by using the registry of shareholders at the end of the trading period on the day of the assembly meeting, The Saudi Capital Market Authority (CMA) said in a circular. The Capital

Shares fall amid listless trading
(Times of Oman - 26/05/2016)

Shares on the Muscat Securities Market edged down amid listless trading on Wednesday. The MSM30 Index fell by 0.12 per cent amid lower trading activity to close at 5,930.51points. The MSM Sharia Index fell by 0.18 per cent to close at 888.43 points. Bank

QSE is eyeing developed market status, says CEO
(Gulf Times - 26/05/2016)

The Qatar Stock Exchange (QSE) is eyeing further upgrade from emerging market to developed market status and is all set to further develop an efficient market infrastructure, according to its top official. Moreover, higher foreign ownership limits and

UAE boures rally as US shares rise
(Trade Arabia - 26/05/2016)

UAE equities experienced their best day in several weeks on Wednesday, on the back of a seven-month high in oil prices and rising US stocks. West Texas Intermediate futures on Wednesday rose above US$49 per barrel for the first time since October, on a

Buoyed by oil, traders raise risky bets on UAE stocks
(Gulfnews - 26/05/2016)

Buoyed by a strength in oil prices, UAE stock market investors raised their risky bets, with Dubai index jumping nearly 2 per cent, extending gains for another session. The Dubai Financial Market General index closed 1.88 per cent higher at 3,308.77,

KSE index nudges up amid bargain buying–NBK climbs 10 fils;KIPCO flat
(Arab Times - 26/05/2016)

Kuwait stocks nudged higher on Tuesday stemming the four-day fall. The price index rose 8.12 pts in lackluster trade to 5,322.61 points amid bargain buying in select counters. The heavyweights were mixed even as investors kept a wary eye on the oil

Petchems lead Tadawul higher; Saudi Cement up
(Arab News - 26/05/2016)

Gains for global equity and oil markets boosted Gulf bourses on Wednesday with Saudi petrochemical shares and Dubai real estate stocks leading the gains. Riyadh’s index rose 0.6 percent in modest volume as Saudi Basic Industries, the largest

Shares of Dubai’s Shuaa jump on stake sale hopes
(The National - 25/05/2016)

Shares in the UAE rose for the second day in a row, as European stocks began to shrug off the prospect of a rise in US interest rates. The Euro Stoxx 50 was trading about 1.67 per cent higher yesterday afternoon, in spite of Brent futures falling to

DFM jumps nearly 1% as DIB helps ahead of rights
(Gulfnews - 25/05/2016)

Dubai Islamic Bank (DIB) and Arabtec propelled the Dubai index higher on Tuesday. Saudi Arabia’s Tadawul All Share Index (Tasi) gained some ground after 3 per cent fall. The Dubai Financial Market General Index (DFMGI) closed nearly 1 per cent higher at

Kuwait bourse edges lower in ‘tepid’ trade–NBK drops 10 fils;Americana
(Arab Times - 25/05/2016)

Kuwait stocks inched lower on Tuesday extending the losses to fourth straight session. The price index eased 2.53 pts to 5,314.5 points in lackluster trade even as sentiment remained downbeat on weak oil prices. The KSX 15 dropped 4.94 points to 824.9

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