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Mideast funds to boost equities positions
(Reuters - 31/12/2017)

Middle East fund managers plan to boost their equity holdings after a very weak year in which the region underperformed emerging markets globally because of geopolitics and slow economic growth, a Reuters poll showed on Sunday. Egypt’s stock market

Muscat bourse seminars to focus on financial planning
(Times of Oman - 31/12/2017)

As part of its initiative under the theme 'How Many Riyals', Muscat Securities Market (MSM) will start implementing a number of awareness seminars on financial planning. The seminars, which target employees at the various public and private

Both UAE markets start to show short-term strength
(Gulf News - 31/12/2017)

Last week the Dubai Financial Market General Index (DFMGI) ended up by only 4.98 or 0.15 per cent to close at 3,370.07. There were 13 advancing issues while 21 fell. Volume fell only slightly below the prior week’s level. Although last week’s performance

Stock exchange tri-market classification in-line with Kuwait ambitions
(Arab Times - 31/12/2017)

Plans to introduce primary, secondary and auction markets to Boursa Kuwait will bring the national stock exchange up to par with emerging markets amid Kuwait’s plans to become a regional financial hub, experts said. The new classifications, based on

Most Gulf markets rise after oil surge
(Arab News - 28/12/2017)

An overnight surge in the Brent oil price above $67 a barrel for the first time since May 2015 helped most Gulf stock markets rise on Wednesday, while Dubai rebounded modestly from a six-month low. The Saudi stock index closed 0.3 percent higher in

Muscat bourse gains on recovery in oil prices
(Times of Oman - 28/12/2017)

Shares on the Muscat Securities Market gained with the MSM30 Index recovering 0.67 per cent to close at 5,040.43 points. The MSM Sharia Index closed at 703.10 points, up by 0.48 per cent. Al Sharqia Investment was the most active in terms of volume,

Bank, property stocks buoy Abu Dhabi index
(Gulf News - 28/12/2017)

First Abu Dhabi Bank buoyed the Abu Dhabi index, which surged more than 1 per cent, while Dubai bourse witnessed selective buying. The Abu Dhabi Securities Exchange general index closed 1.15 per cent higher at 4,369.40, nearing the key resistance level

QSE sees buying interests from foreign, domestic funds
(Gulf Times - 27/12/2017)

The Qatar Stock Exchange witnessed buying interests from foreign and domestic funds, even as it overall settled in the negative for the third straight session to close a tad above 8,500 levels. Six of the seven sectors – notably telecom and real estate –

Oman shares end lower amid thin trading
(Times of Oman - 27/12/2017)

Trading volumes remained poor and the MSM30 Index declined by 0.33 per cent to close at 5,006.69 points. The MSM Sharia Index ended at 699.77 points, up by 0.08 per cent. Bank Muscat was the most active in terms of volume as well as turnover. National

SCA gives nod to Ithmaar for DFM listing
(Gulf News - 27/12/2017)

Ithmaar Holding said on Monday it has received approval from the UAE’s Securities and Commodities Authority (SCA) to list on the Dubai Financial Market (DFM). Ithmaar, which is licensed and regulated by the Central Bank of Bahrain (CBB), is currently

Emaar Properties shares breach key support
(Gulf News - 27/12/2017)

Emaar Properties breached a key support zone due to lack of buying at lower levels even as traded value fell in a holiday week. Emaar Properties closed 2.01 per cent lower at Dh6.84, after breaching the key support area of Dh6.95. Emaar was the actively

MCDC IPO mops up OMR122m, finalises allotment
(Times of Oman - 26/12/2017)

Muscat City Desalination Company (MCDC), which closed its OMR6.5 million-initial public offering (IPO) on December 18, has attracted a whopping OMR122 million from investing public and institutional investors on the Muscat bourse. This indicates a heavy

Gulf mostly quiet as Dana soars before court hearing
(Reuters - 26/12/2017)

Gulf stock markets were mostly quiet in moderate trading volumes yesterday as Abu Dhabi-listed Dana Gas jumped ahead of a court hearing on its effort to avoid redeeming $700 million of Islamic bonds. Abu Dhabi’s index edged up 0.3pc as Dana jumped

Union Properties to IPO unit in second half of 2018
(The National - 26/12/2017)

Union Properties, the property developer that posted its worst quarterly loss in the second quarter of this year, said on Monday it plans to sell shares in its facilities management unit through an initial public offering in the second half of next year.

Oman’s share index falls on lack of buying support
(Times of Oman - 26/12/2017)

The MSM30 Index ended on a negative note at 5,023.49 points, down 0.62 per cent. The MSM Sharia Index closed at 699.24 points, down 1.17 per cent. Alizz Bank was the most active in terms of volume while Government Bonds led in terms of turnover. Up 0.90

Saudi reforms, index inclusion in focus
(Gulf News - 26/12/2017)

We expect volatility to be the key player next year in Saudi given that it will be a yet another news-driven year. The year will focus on two important events — reforms and index inclusion. Government has targeted a series of reforms for 2018, and the

UAE indices end in green on earnings
(The Gulf Today - 26/12/2017)

Gulf stock markets were mostly quiet in moderate trading volumes on Monday. Abu Dhabi’s index edged up 0.3 per cent as Dana jumped 13.2 per cent; it was the market’s most heavily traded stock by far. Dubai’s index edged up 0.2 per cent as Union

Gulf mostly quiet as Abu Dhabi's Dana soars before court hearing
(Reuters - 25/12/2017)

Gulf stock markets were mostly quiet in moderate trading volumes on Monday as Abu Dhabi-listed Dana Gas jumped ahead of a court hearing on its effort to avoid redeeming $700 million of Islamic bonds. Abu Dhabi’s index edged up 0.3 percent as Dana jumped

DFM issues new regulations for Repo and Murabaha transactions
(Gulf News - 25/12/2017)

Dubai Financial Market (DFM) announced on Monday that it has issued two new regulations that pave the way for market participants to implement both repurchase agreements (Repo) and Islamic Murabaha transactions in conjunction with the approval given by

Saudi Arabia re-taps 10bn riyal October domestic sukuk issue
(The National - 25/12/2017)

Saudi Arabia said yesterday it tapped its October domestic currency issue for the second time, selling 4.77 billion Saudi riyals (US$1.27bn) worth of Islamic bonds as the kingdom shores up funds to meet its financing needs. Riyadh sold a five-year 2.4bn

Qatar bourse index continues to remain above 8,600 levels
(Gulf Times - 25/12/2017)

Qatar Stock Exchange opened the week weak but overall it continued to remain above 8,600 levels. Although gainers outnumbered decliners, the 20-stock Qatar Index was down 0.25% to 8,600.2 points. QNB was seen trading on the special market. Local and Gulf

Oman’s share index declines amid poor trading activity
(Times of Oman - 25/12/2017)

Amid poor trading activity, the MSM30 Index declined 0.17 per cent to close at 5,054.77 points. The MSM Sharia Index ended at 707.50 points, down 0.13 per cent. NBO was the most active in terms of volume as well as in terms of turnover. Al Izz Bank was

Abu Dhabi plans first treasury bill sales next year
(Gulf News - 25/12/2017)

Abu Dhabi plans to start selling treasury bills for the first time next year, according to people with knowledge of the matter, as the Opec producer seeks to develop its local-currency debt market. The government is working with international and local

Saudi Arabia sells sukuk worth 4.77b riyals
(Gulf News - 25/12/2017)

Saudi Arabia’s finance ministry said on Sunday it had sold 4.77 billion riyals of domestic sukuk in its monthly sale by reopening the government’s October issue for a second time. The ministry sold 2.40 billion riyals of five-year sukuk, 1.80 billion

Holidays keep trading dull in UAE stocks
(Gulf News - 25/12/2017)

The Dubai Financial Market (DFM) witnessed another subdued session on Sunday as lack of activity ahead of year-end holidays kept traders on the sidelines. The DFM closed 0.48 per cent down at 3,348.81 on Sunday. Khaleeji Commercial Bank, which saw

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