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January February March April
Dividend announcements drive Muscat bourse
(Times of Oman - 31/01/2018)

Dividend announcements drove the MSM30 Index, which closed at 5,007.65 points, up by 0.10 per cent. The MSM Sharia Index declined by 0.39 per cent to close at 710.62 points. Bank Muscat was the most active in terms of volume as well as turnover. Up by

DIB’s planned rights issue weighs on DFM index
(Gulf News - 31/01/2018)

Dubai Islamic Bank (DIB) shares tumbled along with Dubai index on Tuesday after the bank announced plans for a rights issue, but Emirates NBD managed to keep the downside limited. DIB closed 4.59 per cent lower at Dh6.23 after the bank said it is seeking

Boursa Kuwait hosts CMA’s ‘new trainees’
(Arab Times - 31/01/2018)

Boursa Kuwait, has recently hosted 19 trainees of the Capital Markets Authority’s program “New Graduates – 4th Edition” to raise their awareness on the history of Boursa Kuwait. The purpose of this program is to support freshly graduated youth of Kuwait,

Renaissance projects positive market outlook in 2018
(Oman Daily Observer - 31/01/2018)

Leading Omani multinational, The Renaissance Group, listed on Muscat Securities Market (MSM) as Renaissance Services SAOG, announced its initial un-audited annual financial results for the year ended December 31, 2017. The group operates two core

DFM signs MoU with Dubai Economy to boost service excellence
(Gulf News - 30/01/2018)

Dubai Financial Market (DFM) said on Tuesday it has signed a Memorandum of Understanding (MoU) with Dubai Economy to launch a first-of-its-kind Brokers Excellence Rating initiative as part of its constant efforts to promote service excellence. The DFM

Muscat bourse recovers on better support
(Times of Oman - 30/01/2018)

The MSM30 Index gained 0.23 per cent to close above the 5,000-threshold at 5,002.69 points. MSM Sharia Index closed at 713.37 points, up by 0.24 per cent. Bank Nizwa was the most active in terms of volume while Bank Muscat was the most active in terms of

Three Omani firms plan to set up REIT fund
(Times of Oman - 30/01/2018)

Three Omani companies are planning to establish real estate investment trust (REIT) fund, following the market regulator’s announcement of a new regulation for real estate focused funds. These companies are expected to float funds to raise capital from

Ithmaar shares surge on listing day in weak Dubai market
(Gulf News - 30/01/2018)

Ithmaar Holding surged nearly 15 per cent on its listing day even as the wider Dubai index fell in muted trade. Ithmaar Holding, which is also listed on the Bahrain bourse, rose 14.98 per cent to end at Dh0.760. The Dubai Financial Market General Index

Growing disconnect between regional stock performance and fundamentals
(Gulf News - 30/01/2018)

GCC banking stocks have had a fantastic year so far, and the rally was largely a predictable one. Amongst the GCC banking indices, the Tadawul (+8.7 per cent), Qatari banking index (+7.5 per cent) and ADX (+7.2 per cent) have all rallied steeply YTD,

Strong appetite for GCC credit forecast for 2018
(The National - 29/01/2018)

Sustained investor appetite is expected in 2018 for corporate and sovereign bonds from the Arabian Gulf region, which achieved an all-time high issuance level of $70 billion last year, with non-GCC investors subscribing to nearly three-quarters of

Ithmaar Holding begins trading on DFM
(Trade Arabia - 29/01/2018)

Dubai Financial Market (DFM) has announced the listing of Bahrain’s Ithmaar Holding, a leading investment institution, as trading commenced on the bank’s shares under the trading symbol (ITHMR), which appears on DFM screens, trading system and

Muscat bourse falls on profit-booking
(Times of Oman - 29/01/2018)

The MSM30Index fell by 0.33 per cent to close at 4991.38 points. MSM Sharia Index closed at 711.64 points, marginally down by 0.03 per cent. Bank Nizwa was the most active in terms of volume while National Life & General Insurance was the most active in

Qatar could issue $10bn worth bonds in 2018
(The Peninsula - 29/01/2018)

An estimated $72bn of the net sovereign issuance is expected to come from the Middle East and Africa this year, of which $44bn should be primarily from four GCC countries- Qatar, Saudi Arabia, Oman and Kuwait. Qatar is expected to issue bonds/sukuks

Dubai bourse sees a quiet day as traded value tumbles
(Gulf News - 29/01/2018)

The Dubai bourse witnessed a quiet day on Sunday with traded value falling by a half compared to Thursday’s session. The Dubai Financial Market General Index closed 0.13 per cent lower at 3,464.14. Traded value fell to Dh169 million compared to Dh326

QSE main index gained 259.51 points last week
(The Peninsula - 26/01/2018)

Qatar Stock Exchange’s (QSE) benchmark index gained 259.51 points, or 2.82 percent, last week when the bourse closed yesterday at 9,459.61 points. Trading value during last week decreased by 2.63 percent to reach QR1.50bn compared to QR1.54bn. Trading

Aggressive buying in Waha Capital ahead of dividend announcement
(Gulf News - 26/01/2018)

Waha Capital witnessed aggressive buying on the Abu Dhabi on Wednesday bourse ahead of dividend announcement even as the wider Abu Dhabi index closed in the negative zone. About 25 million shares were traded on the name, compared to an average of 1.5-2

Oman shares end lower on profit-booking
(Times of Oman - 25/01/2018)

The MSM30 Index closed marginally lower at 4,973.79 points, down 0.08 per cent. The MSM Sharia Index shed 0.47 per cent to close at 706.28 points. Bank Muscat was the most active in terms of volume as well as turnover. The top gainer was Al Hassan

MSM to take new direction after dividend announcement
(Times of Oman - 25/01/2018)

Dividend announcements of Omani listed companies will help the market to take a new direction in the short-run, according to stock market analysts. Listed companies on the Muscat Securities Market (MSM) have already announced financial results for 2017,

Aggressive buying in Waha Capital ahead of dividend announcement
(Gulf News - 24/01/2018)

Waha Capital witnessed aggressive buying on the Abu Dhabi on Wednesday bourse ahead of dividend announcement even as the wider Abu Dhabi index closed in the negative zone. About 25 million shares were traded on the name, compared to an average of 1.5-2

Muscat bourse falls on listless trading
(Times of Oman - 24/01/2018)

Trading activity remained muted and the MSM30 Index declined by 0.22 per cent to close at 4,978.01 points. The MSM Sharia Index ended at 709.65 points, down by 0.66 per cent. Bank Sohar was the most active in terms of volume while Oman Cement was most

Renewed buying seen on Dubai bourse across sectors
(Gulf News - 24/01/2018)

Continued buying was seen across all counters on the Dubai bourse on Tuesday as traders resorted to renewed buying from lower levels. Emaar closed flat after taking dividend into consideration. Union Properties closed 2.33 per cent higher at Dh1.010, and

Regional markets expected to recover in 2018, embrace volatility
(Gulf News - 24/01/2018)

2017 was a year when all the global equity indices had a stellar performance, with emerging markets, developed markets, and frontier markets returning 34 per cent, 20 per cent, and 28 per cent, respectively. However, GCC equities were a massive

Menacorp top equities derivatives brokerage house on Nasdaq Dubai
(Gulf News - 23/01/2018)

Menacorp said it has been ranked the number one brokerage house in equity derivatives trading on Nasdaq Dubai’s Futures Market. The company came first, out of the 36 brokerage firms, with a 62.68 per cent market share for 2017, according to official data

Inherent tension in sukuk market, says analyst
(The National - 23/01/2018)

The topic of sukuk standards is an important but sometimes divisive one in Islamic capital markets, and is a constant source of debate between the industry's many key stakeholders. The GCC sukuk market remains fragmented; we have seen from the recent

Emaar Properties fail to attract buyers before special dividend
(Gulf News - 23/01/2018)

Traders failed to buy Emaar Properties ahead of its ex-dividend despite attractive yields, weighing on the Dubai index. Monday was the last day for Emaar Properties’ investors to claim the special dividend of Dh0.42, which comes to about 5.79 per cent