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Global markets lose momentum
(Trading Middle East - 31/10/2017)

Asian stocks were mostly sluggish on Tuesday after weakness on Wall Street. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.2 percent. In the Middle East, Saudi Arabia's stock market was soft on Monday despite strong earnings at Saudi

Tonglian celebrates listing a US$300 million bond on Nasdaq Dubai
(Press Release - 31/10/2017)

Zhang Honglin, Chairman of Yinchuan Tonglian Capital Investment Operation Company (Tonglian) of China rang the market opening bell to celebrate the listing today of a 300 million US dollar bond on Nasdaq Dubai, the international exchange serving the

FTSE Russell launches comprehensive KSA Inclusion Index Series
(FTSE Global Markets - 31/10/2017)

FTSE Russell, the global index, data and analytics provider, today announces the launch of the FTSE Saudi Arabia Inclusion Index Series. The comprehensive series of global, regional and country-level indexes are designed to support domestic and

Oman’s share index recovers on active buying support
(Times of Oman - 31/10/2017)

Due to buying activity in large capitalised shares, Oman’s benchmark MSM30 Index gained 0.32 per cent to close at 4,982.30 points. The MSM Sharia Index closed at 728.14 points, up 0.47 per cent. Al Madina Takaful was the most active in terms of volume

Saudis favour local sales as they plan to deepen debt markets
(Gulfnews - 31/10/2017)

Saudi authorities plan to keep selling local bonds every month as they seek to finance the budget deficit and deepen a nascent debt market, according to the official overseeing the kingdom’s borrowing strategy. Fahad Al Saif, head of the debt management

Kuwait benchmark heads south in ‘volatile’ trading –Zain dips 17 fils
(Arab Times - 31/10/2017)

Kuwait stocks slipped into red on Sunday as it opened the week on a sluggish note. The price index dropped 15.74 points in volatile trade to 6,607.75 points after treading water in the last session. The telecom major sagged while the banks remained

Saudi stocks soft despite SABIC cadence
(Saudi Gazette - 31/10/2017)

Saudi Arabia's stock market was soft on Monday despite strong earnings at Saudi Basic Industries Corp (SABIC), while Emaar Properties dragged down Dubai's index. The Saudi stock benchmark Tadawul All Share Index edged down 0.2 percent to 6,945 points.

14 listed UAE banks post $5.96bln in net profit in nine months
(WAM - 30/10/2017)

The net profits posted by 14 Emirati banks during the first nine months of 2017 grew by 2.8 percent to AED21.9 billion ($5.96bln), from AED21.3 billion during the corresponding period last year. The positive performance of most of the national banks that

Oman shares end marginally higher
(Times of Oman - 30/10/2017)

Oman’s benchmark MSM30 Index ended on a stable note at 4,966.65 points, up 0.16 per cent. The MSM Sharia Index gained 0.29 per cent to close at 724.71 points. Galfar Engineering was the most active in terms of volume as well as turnover. With a gain of

Qatari market edges up; Nakilat surges by 3.2%
(The Peninsula - 30/10/2017)

Qatar’s index edged up 0.1 percent as Mesaieed Petrochemical gained 1.0 percent on the back of stronger oil prices. Qatar Gas Transport (Nakilat), which would also benefit from higher prices in the oil and gas industry, surged 3.2 percent. But Qatar

DFM falls as it fails in fourth bite at the cherry
(Gulfnews - 30/10/2017)

The Dubai index closed lower as it failed to breach a key resistance level, leading to mild selling in select stocks. The Dubai Financial Market (DFM) General Index closed 0.31 per cent lower at 3,639.67, after hitting a high of 3,665. The index has

Sharia codification to boost sukuk issuance
(Gulfnews - 30/10/2017)

The lack of standardisation in Islamic finance is a significant constraint on the industry’s growth, Fitch Ratings said, adding that it expects progress to be slow given the scale of the challenge. “Greater harmonisation of Sharia codification within and

Petchems, Saudi Telecom lift Saudi stocks
(Saudi Gazette - 30/10/2017)

Petrochemical stocks and an earnings beat by Saudi Telecom Co lifted Riyadh’s stock market on Sunday while other Gulf bourses were sluggish, once more ignoring a strong performance by Wall Street on the previous trading day. The Saudi stock benchmark

Saudi Arabia’s stock market to get major boost from FTSE index inclusi
(Arab News - 30/10/2017)

In a major boost to the Saudi Arabian stock market, the Kingdom is to be included in a series of global indexes investors use to guide decisions on where to put billions of dollars' worth of funds. FTSE Russell, the index compiler owned by the London

Traded Value Through Smart Phones Reached AED 8.2 Bil In 2017 at DFM
(Mondo Visione - 29/10/2017)

Dubai Financial Market (DFM) honored five of its licensed brokerage firms for providing their customers with trading via smart phone applications in 2017, lifting the number of firms that offer this service on DFM to 28 brokerages. DFM closely

Technical analysis of the QSE index
(Gulf Times - 29/10/2017)

The index closed at 8,128.25, losing 0.54% from the week before. Even though a change in trend on the weekly chart may seem far from this point, relief rallies may take place especially after the index’s stability over the 8,000 support level.

Qatar Stock Exchange holds seminar on QFMA’s new trading procedures
(Gulf Times - 29/10/2017)

Qatar Stock Exchange (QSE) recently held a seminar on the new mechanism issued by Qatar Financial Markets Authority (QFMA) on not halting the trading of a company’s stock during its annual general meeting and extraordinary general meeting. The seminar

CMA seeks public comments on amended IPO draft method
(Saudi Gazette - 29/10/2017)

The Saudi Capital Market Authority (CMA) invited specialists, interested persons and the public to give their opinions and remarks on the Amended Draft of The Instructions of Book Building Process and Allocation Method in Initial Public Offerings, which

Saudi Regulator Urges Consolidation in Crowded Insurance Sector
(Bloomberg - 27/10/2017)

Saudi Arabia’s insurance industry needs more consolidation and foreign input to help create solid companies capable of competing in the oil-rich nation’s crowded market, the country’s central bank chief said. “There are some small firms I don’t believe

Saudi stocks rebound
(Saudi Gazette - 27/10/2017)

Saudi Arabia stocks were higher after the close on Wednesday, as gains in the Energy & Utilities, Real Estate Development and Petrochemicals sectors led shares higher. At the close of trade, the Saudi stock benchmark Tadawul All Share Index rose 0.30%.

Gulf markets flat on steady oil, banks weigh on Abu Dhabi
(Reuters - 27/10/2017)

Stock markets in the Middle East were largely flat on Thursday on the back of steady oil prices, but exchanges in Dubai and Abu Dhabi shed some value, dragged down by some companies missing investors' expectations. Oil prices steadied, supported at near

Qatar bourse aims for futures trading, short-selling by end-2018
(Reuters - 27/10/2017)

The Qatar Stock Exchange is looking to roll out futures trading and short-selling by the end of 2018, exchange CEO Rashid Ali Al-Mansoori said on Thursday, part of a bid to boost liquidity and encourage more IPOs in the next year. Qatar's benchmark stock

Qatar shares edge up despite selling pressure
(Gulf Times - 27/10/2017)

The Qatar Stock Exchange remained flat on Thursday despite selling pressure in the realty and telecom counters. Although non-Qatari individuals turned bullish and local retail investors’ net selling weakened, the 20-stock Qatar Index stood at 8,128.25

United Arab Emirates shares lower at close of trade; DFM General down
(Investing.com - 27/10/2017)

United Arab Emirates equities were lower at the close on Thursday, as losses in the Real Estate & Construction, Consumer Staples and Insurance sectors propelled shares lower. At the close in Dubai, the DFM General declined 0.39%, while the ADX General

Tadawul open to stake sale to international exchanges
(The National - 27/10/2017)

The Saudi Stock Exchange (Tadawul), the Arab world’s biggest bourse, is open to selling a stake to an international exchange, a move it would consider based on the added value to the US$440 billion bourse, its chief executive said. “The exchange won’t

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