2017 2016 2015 2014 2013 2012 2011 2010 News Archive
January February March April May June July August September October
Abu Dhabi's launch of short-selling set to attract big investors
(The National - 19/10/2017)

The introduction of technical short-selling in Abu Dhabi Securities Exchange (ADX) will help to attract more institutional investors, boost liquidity and bring the market more in line with international standards, experts said. The Abu Dhabi market

Banks boost Saudi on Riyad earnings, Dubai's DSI jumps
(Reuters - 19/10/2017)

Banks led the Saudi Arabian stock market higher on Thursday after Riyad Bank reported better-than-expected earnings for the third quarter, while builder Drake & Scull jumped in Dubai. Riyad Bank gained 6.2 percent after reporting a 47.7 percent

Nasdaq Dubai welcomes listing of USD 200 million bond
(Media Office, Dubai Government - 19/10/2017)

Nasdaq Dubai welcomed today’s listing of a 200 million US dollar bond by Investment Corporation of Dubai (ICD) on the region’s international stock exchange. The issuance was made under ICD’s Euro Medium Note Programme of 2.5 billion US dollars. It is the

UAE can become listings hub for Middle East and Africa
(The National - 19/10/2017)

The UAE can become the listings and equities trading hub for the Middle East by "aggressively" reaching out to entice companies in other territories, particularly in Africa, to list on the country's bourses, according to Mark Mobius, the executive

Major listed firms in Oman register better-than-expected financial res
(Times of Oman - 19/10/2017)

Companies listed on the Muscat Securities Market (MSM) have posted ‘better than expected’ financial results for the first nine months of 2017, according to stock market analysts. Although all companies are yet to announce their results, the companies

Kuwait’s stocks extend gains,volume rebounds–Jazeera Airways up 20 Fil
(Arab Times - 19/10/2017)

Kuwait stocks extended gains into second day on Tuesday, helped by rebound in technology shares. The main index advanced 12.34 points in choppy trading to close at 6,648.3 points. The KSX-15 benchmark rose 1.28 points to 1,008.41 points and the weighted

Tadawul All Share Index down 0.72%
(Saudi Gazette - 19/10/2017)

Saudi Arabia stocks were lower after the close on Wednesday, as losses in the Retail, Agriculture & Food and Hotels & Tourism sectors led shares lower. At the close, the Saudi stock benchmark Tadawul All Share Index declined 0.72%. The best performers of

Manufacturing in the GCC can power economic growth
(The National - 18/10/2017)

As Arabian Gulf nations march inexorably forward towards economic diversification, one sector is receiving particular attention. Manufacturing is a growth-focus for several GCC governments because of its potential to grow non-oil GDP and steer countries

Abu Dhabi bourse introduces technical short-selling
(Gulf Times - 18/10/2017)

Abu Dhabi Securities Exchange (ADX), which has a market capitalisation exceeding Dh400 billion, said on Tuesday it had launched technical short-selling (TSS) services as part of efforts to boost waning liquidity and attract more foreign investors. The

Dubai index slips as Emaar, DIB extend losses
(Gulfnews - 18/10/2017)

Emaar Properties and Dubai Islamic Bank (DIB) extended losses on Tuesday, pushing the Dubai Financial Market (DFM) index into negative territory. The DFM General Index shed 0.39 per cent to close at 3,643.37 as both Emaar and DIB continued to slide.

ADX launches Technical Short Selling service
(The Gulf Today - 18/10/2017)

Abu Dhabi Securities Exchange, (ADX), on Tuesday announced the launch of its latest investment service ‘Technical Short Selling’ (TSS), an addition to the existing suite of services and products provided by ADX to investors through brokerage firms. The

Nasdaq Dubai signs licence agreement with MSCI
(CPI Financial - 17/10/2017)

The development is significant in the light of the growing importance of the region as an attractive investment destination for international investors seeking exposure to high growth emerging markets such as the UAE. Nasdaq Dubai has signed a licence

Margin trading makes a comeback on Dubai bourse
(The National - 17/10/2017)

Margin trading is making a comeback on Dubai’s stock exchange, picking up from ­all-time lows, in a sign of ­reviving investor confidence in the emirate’s listed companies. Such an uptick, if ­it can be ­sustained, could help to push the market’s

Muscat bourse reacts on profit booking
(Times of Oman - 17/10/2017)

Weakness in banking and telecom stocks weighed on the MSM30 Index, which closed at 5,095.29 points, down by 0.85 per cent. Profit booking in heavy weight stocks also pulled down the Muscat bourse on Monday. The MSM Sharia Index retreated 0.32 per cent to

(Muscat Daily - 16/10/2017)

The Capital Market Authority (CMA) approved the allotment of the shares of Oman Qatar Insurance Co (OQIC), according to an Oman News Agency report. The initial public offering (IPO) of OQIC was closed on October 5. Retail investors have been allotted 100

Salama shares shine in steady Dubai market
(Gulf News - 16/10/2017)

Islamic Arab Insurance Company or Salama shares extended gains for another session on Monday, in a steady Dubai market. The Abu Dhabi index edged higher. Islamic Arab Insurance Company or Salama closed 6.07 per cent higher at Dh0.559, building on 14 per

CMA approves listing of Muscat Capital's "Al Masha’ar REIT"
(Tadawul - 16/10/2017)

The Capital Market Authority announces that it has issued its resolution approving "Muscat Capital" request to offer, register and list "Al Masha’ar REIT" units on the Saudi Stock Exchange (Tadawul) as Real Estate Investment Traded Fund. Terms and

Muscat bourse edges up
(Times of Oman - 16/10/2017)

Shares on the Muscat Securities Market gained 10.42 points to close at 5,138.90 points amid scattered support from both retail and institutional investors. Several blue chip companies have announced their financial results for the third quarter and a

Emaar, DIB force Dubai index into reverse gear
(Gulfnews - 16/10/2017)

Emaar Properties and Dubai Islamic Bank (DIB) dragged the Dubai Financial Market (DFM) index lower yesterday after the gauge faced stiff resistance at upper levels. The DFM General Index closed at 3,657.54, shedding 0.07 per cent to fall from an

Tadawul All Share Index down 0.71%
(Saudi Gazette - 16/10/2017)

Saudi Arabia stocks were lower after the close on Sunday, as losses in the Energy & Utilities, Real Estate Development and Building & Construction sectors led shares lower. At the close, the Saudi stock benchmark Tadawul All Share Index fell 0.71%. The

OQIC IPO ‘comfortably oversubscribed’
(Gulf Times - 15/10/2017)

Oman Qatar Insurance Company (OQIC), a leading insurance company in Oman and a subsidiary of Qatar Insurance Company (QIC) has announced successful closure of the initial public offering of 25% of its total share capital. This translates into 25mn

Technical analysis of the QSE index
(Gulf Times - 15/10/2017)

The Index managed to close in the green and gained 2.58% from the week before; it has been down for the past 10 weeks. The 8,000 level proved to be a strong support and the Index created a bullish engulfing candlestick pattern. Consequently, we expect

Future looking brighter for UAE markets
(Gulf News - 14/10/2017)

Last week the Dubai Financial Market General Index (DFMGI) jumped by 69.1 or 1.93 per cent to end at 3,660.27, its strongest performance in 13 weeks. Most issues were positive as 30 advanced and only five declined, while volume popped to a seventeen-week

Qatar shares extend gains as foreign institutions buy
(Gulf Times - 13/10/2017)

Foreign institutions’ sustained strong buying on Thursday lifted the Qatar Stock Exchange for the fifth consecutive day, albeit at lower levels. The insurance, banking and telecom counters witnessed stronger demand as the 20-stock Qatar Index gained 0.1%

Saudi Arabia stocks higher at close of trade; Tadawul up 1.42%
(Investing.com - 12/10/2017)

Saudi Arabia stocks were higher after the close on Thursday, as gains in the Agriculture & Food, Industrial Investment and Retail sectors led shares higher. At the close in Saudi Arabia, the Tadawul All Share rose 1.42%. The best performers of the