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UAE to merge two govt wealth funds
(Saudi Gazette - 30/06/2016)

A top United Arab Emirates official ordered the merger of two prominent government wealth funds on Wednesday, streamlining the country’s investment strategy as it weathers a slump in oil prices. The decision by Abu Dhabi’s crown prince, Sheikh Mohammed

UAE’s first ‘Qualified Investment Real Estate Fund’ launched
(The Gulf Today - 30/06/2016)

UAE’s leading financial institution, Mashreq is in partnership with Arady Properties, an experienced Real Estate company set to launch the UAE’s first Qualified Investor Real Estate Fund which will be registered on the DIFC. The Sharia’h Compliant fund’s

UAE Markets Rise after European Stocks Surge
(Press Release - 29/06/2016)

Over the past weeks, as Brexit has loomed, UAE financial authorities have repeatedly reassured investors that Brexit would have little negative impact on their banks or economy, and now signs are emerging that appear to concur with this assessment. After

Oman shares end on a stable note
(Times of Oman - 29/06/2016)

The MSM30 Index closed on a stable note at 5,761.32 points. The MSM Sharia Index ended at 880.95 points, up 0.20 per cent. Bank Muscat was the most active in terms of volume and turnover. The top gainer was Oman Education & Training, up 9.55 per cent

GCC markets move sideways amid uncertainty
(Gulfnews - 29/06/2016)

The GCC’s equity markets moved less than one per cent on Tuesday, in much contrast with European markets that surged after stocks were hammered for two sessions following the UK’s vote to leave the European Union. Saudi Arabia’s Tadawul index rose 0.24

Kuwait index up 9.07 pts to close at 5,375.21 pts – NBK jumps 20 fils
(Arab Times - 29/06/2016)

The KSX-15 index soared 11.75 pts to 817.78 pts. The weighted index rose 3.37 pts to 354.56 pts. The volume turnover meanwhile continued to rise in the last two sessions as 123.9 million shares changed hands, a 12.30 pct surge from Monday. The sectors

Tadawul activity focuses on second-tier stocks
(Arab News - 29/06/2016)

Gulf stocks were mixed in quiet trade on Tuesday as global markets regained some strength after the shock of the British vote to leave the European Union. Signs of progress toward an International Monetary Fund loan failed to lift Egypt much. With oil

Oman shares remain stable, index rises marginally
(Times of Oman - 28/06/2016)

The MSM30 Index remained stable at 5,763.82 points, up marginally by 0.03 per cent. The MSM Sharia Index ended flat at 879.15 points, down 0.01 per cent. Al Batinah Power was the most active in terms of volume and turnover. Monday’s top gainer was Galfar

UAE indices up less than 1% after Sunday plunge
(Gulfnews - 28/06/2016)

Equity markets in the GCC showed some recovery on Monday as bargain-hunters started buying on the dips following the plunge seen on Sunday on the back of the Brexit. In the UAE, the Dubai Financial Market (DFM) index ended 0.85 per cent higher at

DP World lists $1.2b sukuk on Nasdaq Dubai
(Khaleej Times - 28/06/2016)

Sultan Ahmed bin Sulayem, Group Chairman and CEO of global trade enabler DP World, rang the market-opening bell on Monday to celebrate the listing on Nasdaq Dubai of a $1.2 billion sukuk. The listing by DP World reinforces Dubai's status as the global

Afkar Capital launches first UAE exchange traded fund
(The Gulf Today - 28/06/2016)

Afkar Capital Limited, the Abu Dhabi-based asset management firm, has launched the Afkar S&P UAE UCITS ETF, the first liquid, fully fungible, fully tradeable and transparent exchange-traded fund listed in the Middle East under the UAE’s new regulations.

KSE index rebounds as volume picks up – NBK rises 10 fils;
(Arab Times - 28/06/2016)

Kuwait stocks saw a solid rebound on Monday after suffering big losses in the previous session on the backdrop of Britain’s vote to leave the European Union. The price index rose 18.22 pts to close at 5,366.14 pts helped by speculative buying in select

Banks hold back Tadawul’s gains; key index falls 0.2%
(Arab News - 28/06/2016)

Banks were the main drag on Saudi Arabia’s stock market on Monday as investors grew wary before second-quarter financial results, while most other Middle East bourses recovered some of the losses from the sell-off after Britain’s Brexit vote. Riyadh’s

Muscat Securities Market announces new sample of Sharia Index
(Times of Oman - 27/06/2016)

Muscat Securities Market (MSM) has announced its new sample of MSM Sharia Compatible Index for the first quarter of 2015. New sample will be used with effect from Tuesday. The circular of MSM sample index is compatible with the requirements of Sharia

DFM index sinks 3.2% after Brexit vote
(Gulfnews - 27/06/2016)

The panic that gripped international investors on Friday after the UK voted to leave the European Union has had a ripple effect in the UAE on Sunday, with equity markets plunging in early trade. The Dubai Financial Market (DFM) index fell the most in the

ADX lists Adnic's convertible bonds
(Khaleej Times - 27/06/2016)

Abu Dhabi Securities Exchange has listed the mandatory convertible bonds issued by Abu Dhabi National Insurance Company or Adnic. The insurance company has raised Dh390 million capital, which was over-subscribed. The bonds will be convertible in to

Gulf stock markets down on Brexit vote
(The Gulf Today - 27/06/2016)

Middle East stocks fell sharply on Sunday because of Britain’s vote to leave the European Union but Gulf bourses came well off their lows. In Saudi Arabia the index closed 1.1 per cent lower at 6,479 points but bounced from an intra-day low of 6,257

Kuwait, Gulf stocks dive on Brexit vote
(Kuwait Times - 27/06/2016)

Stock markets in the energy-rich Gulf states dropped yesterday in the first trading session after Britain voted to leave the European Union. All seven Gulf Cooperation Council (GCC) stock markets were closed for the Muslim weekend on Friday when the

Kuwait stocks plunge amid volatile trading – Americana sheds 40 fils
(Arab Times - 27/06/2016)

Kuwait stocks dropped sharply on Sunday in the first trading session after Britain voted to leave the European Union. The price index plummeted 60.07 pts in volatile trading to close at 5,347.92 pts. All sectors were in negative territory. The KSX-15

Brexit: Gulf investors concerned over market moves
(Arab News - 27/06/2016)

Stock markets in Gulf states including Saudi Arabia dropped Sunday in the first trading session after Britain voted to leave the European Union. As GCC markets reacted negatively to the so-called Brexit, regional analysts, quoted by local media, said

Brexit effect on Oman MSM may be short-lived
(Oman Daily Observer - 26/06/2016)

Along with its peers in the region, the Muscat Securities Market made marginal gains on Thursday, one day before Britain voted to stay out the European Union. But for the world stock markets, it was a black Friday with a loss of about $2 trillion in

Technical analysis of the QSE index
(Gulf Times - 26/06/2016)

The QSE index closed up by 1.8% at 9,966.35 versus the week before on lower volumes, which might be a concern area. Traders should be on alert, especially if the index breaches the 9,700 level. Our expected resistance remains at 10,500 points and the

Risk to UAE markets heightened, given global volatility
(Gulfnews - 26/06/2016)

Last week the Dubai Financial Market General Index (DFMGI) gained 59.92 or 1.81 per cent to end at 3,367.64. Market breadth leant on the bullish side with 21 advancing issues and 15 declining, while volume dipped to a 29-week low. The DFMGI remains

Bourse ends in green as volume rises – Market cap hits KD 23.04
(Arab Times - 26/06/2016)

Kuwait Stock Exchange (KSE) ended last week in the green zone. The Price Index closed at 5,407.99 points, up by 0.24% from the week before closing, the Weighted Index increased by 0.72% after closing at 354.21 points, whereas the KSX-15 Index closed at

Oman share index ends marginally higher
(Times of Oman - 23/06/2016)

The MSM30 Index had marginal gains of 0.07 per cent to close at 5,788.38 points. The MSM Sharia Index closed at 882.72 points, down 0.16 per cent. HSBC Bank was the most active in terms of volume and turnover. Tuesday’s top gainer was Ahli Bank, up 2.96