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January
UAE markets — odds favour a pullback for the short-term
(Gulf News - 21/01/2018)

The Dubai Financial Market General Index (DFMGI) advanced 36.42 or 1.04 per cent last week to end at 3,531.05. Nevertheless, market breadth was mixed with declining issues of 22 beating advancing at 17. Volume was lower than the prior week, but was

Corporate results weigh on MSM performance
(Oman Daily Observer - 21/01/2018)

The MSM30 ended the previous week on a decline note by 1.25 per cent at 5,024.06 mainly on weak companies’ results, investors’ cautious sentiment and thus moderate liquidity. All sub-indices closed down led by the Financial Index (-1.87 per cent to

Oman shares fall on subdued trading
(Times of Oman - 18/01/2018)

Amid muted traded activity, the MSM30 Index remained subdued at 5,031.73 points, down 0.16 per cent. The MSM Sharia Index closed at 715.25 points, down 0.23 per cent. Al Madina Takaful was the most active in terms of volume while Bank Muscat led in terms

Listed firms need to boost disclosure: CMA chief
(Times of Oman - 18/01/2018)

Omani companies listed on the Muscat bourse need to strengthen transparency and disclosure to attract more local and foreign funds to the market, which will help to boost trading volumes. “Whatever happens to the public companies should be disclosed to

DFM introduces ‘Allocation Account’ in region’s first
(Gulf News - 18/01/2018)

The Dubai Financial Market said on Wednesday it has introduced a new mechanism that enables brokers to execute transactions through a combined account and allocate the proceedings into clients accounts within 45 minutes from the end of the trading

Dubai index rises as Union Properties see bulk deals
(Gulf News - 18/01/2018)

Dubai index rose another half a per cent on Wednesday even as Union Properties witnessed bulk deals ahead of its unit IPO. The Dubai Financial Market General index closed 0.48 per cent higher at 3,542.44. Union Properties, which closed 0.91 per cent

ADGM enhances data protection regulations
(Gulf News - 18/01/2018)

The Abu Dhabi Global Market (ADGM) has announced the enhancement of ADGM Data Protection Regulations and the launch of the Annual Data Protection Forum, following the establishment of the ADGM Office of Data Protection in December 2017. The market has

Portfolio of Abu Dhabi's The Residential REIT valued at $354m
(Construction Week Online - 17/01/2018)

The Residential REIT, a Sharia'a- compliant residential real estate investment trust (REIT), revealed details of its portfolio value and its transactions with three entities. Incorporated by Abu Dhabi Global Market (ADGM) and managed by Equitativa (AD),

UAQ Coop offers 2.5 million stocks, open for public trade
(WAM - 17/01/2018)

Umm Al Qaiwain Coop has offered 2.5 million stocks for public trade, to increase investment in its retail sector. An integral part of Union Coop and the UAE's largest consumer cooperative, Umm Al Qaiwain Coop will launch an Initial Public Offering from

Qatar stock market rebounds on strong oil, dividend
(The Peninsula - 17/01/2018)

Qatar’s stock market rebounded yesterday, erasing a sharp fall suffered on the previous day on the back of strong oil prices after Brent crude rose above $70 a barrel for the first time since December 2014. The Qatari index had tumbled 2.5 percent on

Dubai index rises with Emaar Properties shares
(Gulf News - 17/01/2018)

Emaar Properties rose along with Dubai index on Tuesday even as the Qatar index recouped losses. The Dubai Financial Market General Index closed at 3,525.59, up 0.85 per cent. Emaar Properties closed 1.53 per cent higher at Dh7.31. Emaar Malls closed

ADX inks MoU with SWIFT on blockchain
(Gulf News - 17/01/2018)

The Abu Dhabi Securities Exchange (ADX) said it has signed a Memorandum of Understanding with the Society for Worldwide Interbank Financial Telecommunication (SWIFT) and seven leading global Central Securities Depository (CSD) companies to support the

Tadawul Announces the Listing Muscat Capital “Al Mashaar REIT Fund”
(Tadawul - 16/01/2018)

The Saudi Stock Exchange Company (Tadawul) announces the listing and trading units of “Al Mashaar REIT Fund” as of Thursday 18/01/2018, with the symbol 4337 in the Real Estate Investment Traded Funds (REITs) sector, with a 10% daily price fluctuation

Dubai Oil Refiner Said to Have Held Talks on Retail Unit IPO
(Bloomberg - 16/01/2018)

Emirates National Oil Co., the government-owned refiner in Dubai, has held discussions with advisers for a potential initial public offering of its fuel-retailing unit, according to people familiar with the matter. The retail arm of ENOC, as the company

Saudi stocks continue to rise, Qatar down after fighter jet report
(Arab News - 16/01/2018)

Saudi Arabian stocks continued rising on Monday, while Qatar’s bourse fell steeply after the United Arab Emirates said Qatari fighter jets intercepted an Emirati civilian aircraft. The Saudi index rose 0.6 percent, outperforming the rest of the region,

Oman shares decline on weakness in financial stocks
(Times of Oman - 16/01/2018)

Weakness in financial stocks dragged down the MSM30 Index by 0.40 per cent to end the session at 5,069.25 points. The MSM Sharia Index closed at 715.00 points, down 0.39 per cent. Oman Fisheries was the most active in terms of volume as well as

Banks buoyed as UAE investors await results
(Gulf News - 16/01/2018)

Banking stocks were in demand ahead of key results on UAE bourses even as a fall in Emaar Properties weighed on the Dubai index. The Dubai Financial Market General (DFM) Index closed 0.49 per cent lower at 3,495.81, wiping off gains seen in the previous

Qatar stocks down after UAE planes intercepted
(Gulf News - 16/01/2018)

The Qatar exchange index witnessed a sharp fall in midday trade and tumbled nearly 2.5 per cent, the single biggest daily fall in weeks, after the UAE said Qatari fighter jets intercepted two of its commercial airlines. The Qatar stock exchange index

United Arab Emirates stocks mixed at close of trade
(Investing.com - 15/01/2018)

United Arab Emirates stocks were mixed after the close on Monday, as gains in the Banking, Insurance and Telecoms sectors led shares higher while losses in the Services, Real Estate & Construction and Consumer Staples sectors led shares lower. At the

Global Saudi Equity Fund outperforms TASI
(Press Release - 15/01/2018)

Global Investment House Saudi (Global Saudi), a subsidiary of the regional asset management and investment banking firm Global Investment House (Global), announced today that the Global Saudi Equity Fund has reported another successful year in 2017 and

CMA adopts updated instructions on book building & allocation of share
(Saudi Gazette - 15/01/2018)

The Capital Markets Authority (CMA) board issued its resolution to adopt the updated instructions on Book Building and Allocation of Shares in IPOs. This updated instructions shall be effective from the date of publication, it said in a press release.

Saudi stocks boosted by Binladin progress
(Arab News - 15/01/2018)

Signs of progress toward settling cases in Saudi Arabia’s crackdown on corruption boosted its stock market on Sunday. The Saudi index far outperformed the rest of the region as it rose 1.4 percent to 7,440 points in active trade, rising above last

Muscat bourse edges up
(Times of Oman - 15/01/2018)

The MSM30 Index remained stable at 5,089.48 points with marginal gain of 0.04 per cent. The MSM Sharia Index closed at 717.77 points, up by 0.10 per cent. Oman Fisheries was the most active in terms of volume while Bank Muscat led in terms of turnover.

Oman's market regulator to host key workshop
(Times of Oman - 15/01/2018)

The Capital Market Authority (CMA) is organising a workshop on the importance of disclosure in stock markets on January 17, at Sheraton Hotel Muscat. The workshop will be attended by chief executive offers, general managers, compliance officers and

Qatar stocks continue to march higher
(The Peninsula - 15/01/2018)

Qatar stocks are on an uninterrupted run. After gaining two straight weeks, Qatar Stock Exchange (QSE) benchmark index rose 0.42 percent to 9,174.66 before finishing the first session of the week, yesterday. Earnings season has started trickling in and