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January February
Emaar continues rebound but Dubai, regional markets mostly move little
(Arab News - 23/02/2018)

Dubai blue chip Emaar Properties continued to rebound in heavy trade on Thursday but regional stock markets were mostly lacklustre, partly because of weak global bourses and oil prices.<br/><br/> Emaar, which had been trading near 14-month lows, surged

MSCI in final stages of evaluating Saudi Arabia’s upgrade
(Gulf News - 23/02/2018)

Saudi Arabia is in the final stage of evaluation for being upgraded under emerging markets by MSCI (Morgan Stanley Capital International) index, its regional chief said in Abu Dhabi.<br/><br/> MSCI has three main elements of classification before it can

Saudi Kuwaiti Finance gets nod to list REIT on Tadawul
(Gulf News - 23/02/2018)

Saudi Arabia’s Capital Market Authority said it has approved Saudi Kuwaiti Finance House Company’s request to offer, register and list Al-Markaz REIT Fund units on the Saudi Stock Exchange (Tadawul) as Real Estate Investment Traded Fund.<br/><br/> “The

Bearish trend continues on Muscat bourse
(Times of Oman - 22/02/2018)

The MSM30 Index closed the session at 4,987.37 points, down by 0.26 per cent. The MSM Sharia Index declined by 0.19 per cent to close at 704.85 points. Galfar Engineering was the most active in terms of volume as well as turnover. Ahli Bank was the top

Bahrain selects banks for planned international bond issue
(Gulf News - 22/02/2018)

Bahrain’s government has selected banks for a planned international bond issue, sources familiar with the matter said on Wednesday.<br/><br/> BNP Paribas, Citi and JPMorgan have been chosen to arrange the transaction, along with Gulf International Bank

Emaar Properties shares jump after government’s proposed move
(Gulf News - 22/02/2018)

Emaar Properties rose on Wednesday on the proposed move by the regulator that may ask developers to meet 50 per cent construction before launching off-plan sales. <br/><br/> Emaar Properties closed 3.15 per cent higher at Dh6.22. The Dubai Financial

Bahrain Bourse endorse the launch of Bahrain Fintech Bay
(Biz Bahrain - 22/02/2018)

Bahrain Bourse announced signing a Memorandum of Understanding (‘MOU’) with Bahrain FinTech Bay (BFB) on 18th February 2018 to endorse the launch of Bahrain Fintech Bay (BFB).<br/><br/> CEO of Bahrain Bourse, Shaikh Khalifa Bin Ebrahim Alkhalifa and the

Oman’s share index falls marginally
(Times of Oman - 21/02/2018)

The MSM30 Index closed the session at 5,000.48 points, down 0.14 per cent. The MSM Sharia Index declined 0.16 per cent to end at 706.19 points. Galfar Engineering was the most active in terms of volume as well as turnover. Rallying 17.11 per cent, Galfar

UAE bourses stay sluggish amid select buying
(Gulf News - 21/02/2018)

UAE bourses remained sluggish on Tuesday even as a few stocks witnessed select buying due to specific fundamentals.<br/><br/> The Dubai Financial Market General Index closed 0.84 per cent lower at 3,270.34. Traded value was at Dh233 million.<br/><br/>

Saudi Arabia issues 7.22b riyals of domestic sukuk
(Gulf News - 21/02/2018)

Saudi Arabia’s finance ministry issued 7.22 billion riyals ($1.93 billion; Dh1.55 billion) of domestic sukuk in its monthly sale by re-opening an issue originally made last month, the ministry said on Tuesday.<br/><br/> It sold 5.37 billion riyals of

EFG Hermes upgrades Saudi Arabia ahead of anticipated EM index inclusion
(The National - 20/02/2018)

EFG Hermes has revised its outlook for Saudi Arabia upwards to overweight status, ahead of the country’s anticipated inclusion in the MSCI and FTSE emerging market indexes, which will generate flows of up to $45 billion into local equities, according to

Muscat bourse falls on weak sentiment
(Times of Oman - 20/02/2018)

A sluggish trend prevailed on the Muscat Securities Market with the general index shedding 6.89 points. The MSM 30 Index closed at 5,007.52 points.<br/><br/> The market turnover stood at OMR1.25 million, indicating a growth of 29.9 per cent compared to

Mild buying seen on UAE bourses, but undertone bearish
(Gulf News - 20/02/2018)

UAE bourses witnessed a mixed trade on Monday but the undertone is still bearish, according to analysts.<br/><br/> The Dubai Financial Market General Index closed 0.18 per cent higher at 3,298.07.<br/><br/> Emaar Properties closed at Dh6.10, up 0.49 per

Possible Saudi MSCI inclusion, Aramco IPO to spur Gulf equities
(Gulf News - 20/02/2018)

Emirates NBD has pinned its hopes on the possible announcement of Saudi Arabia’s inclusion on the MSCI Emerging Market index in March and Aramco’s initial public offering, two developments the UAE lender is banking on to drive a turnaround for Gulf

Saudi stocks will have potential 2.3 per cent weighting on MSCI Emerging Markets Index
(The National - 19/02/2018)

Saudi stocks will account for a potential 2.3 per cent weighting in MSCI’s Emerging Market Index in the event of an expected upgrade of the kingdom’s equities to the widely tracked measure, the index provider said in a presentation.<br/><br/> The 2.3 per

QSE to list more family-owned firms in 2018: Al-Mansoori
(Gulf Times - 19/02/2018)

The Qatar Stock Exchange (QSE) is expecting to list more family-owned companies in the first quarter of 2018, its chief executive officer has said. “We have a number of them and there is a lot of interest in family-owned companies to reach out to the

Oman shares end marginally lower
(Times of Oman - 19/02/2018)

Oman’s benchmark MSM30 Index was marginally lower by 0.04 per cent to close at 5,014.41 points. The MSM Sharia Index was unchanged at 709.01 points. Al Sharqia Investment Holding was the most active in terms of volume while Sembcorp Salalah led in terms

Broad-based selling seen on Dubai bourse
(Gulf News - 19/02/2018)

Dubai bourse witnessed broad-based selling as sentiment remained weak with absence of buyers despite attractive valuations. On Sunday, the Dubai Financial Market General Index closed 1.15 per cent lower at 3,292.05.<br/><br/> The Dubai Financial Market

Nasdaq Dubai launches DFMGI, ADX index futures
(Gulf News - 19/02/2018)

Nasdaq Dubai said on Sunday it has launched futures contracts of the Dubai Financial Market general index (DFMGI) and the ADX index, a move that is expected to attract more liquidity in the market after the successful launch of single stock futures in

Nasdaq Dubai launches futures on DFM General Index in breakthrough for investors in Middle East capital markets
(Media Office Dubai - 19/02/2018)

His Excellency Essa Kazim, Chairman of Dubai Financial Market (DFM) and Abdul Wahed Al Fahim, Chairman of Nasdaq Dubai, rang the market-opening bell to celebrate the launch today by Nasdaq Dubai of futures linked to DFM’s General Index. The share index

UAE markets continue to face downward pressure
(Gulf News - 18/02/2018)

The Dubai Fnancial Market General Index (DFMGI) was close to flat last week, up only 4.82 or 0.14 per cent to end at 3,330.44, the first positive week after three straight down weeks. There were 27 advancing issues and 15 declining, while volume rose

All eyes on upcoming company dividends
(Oman Daily Observer - 18/02/2018)

Lesser dividend announcements and the acceleration of disclosures by companies in other financial markets regarding their full year results in addition to general cautious sentiment have resulted in moderate trades despite good-sized deals on selected

Saudi banks and petchems seen as popular play
(Arab News - 16/02/2018)

Bank of America Merrill Lynch (BAML) has given the Saudi Arabian stock market a huge vote of confidence in its latest report in which banking and petrochemicals were its top-rated sectors.<br/><br/> “We highlight Al-Rajhi and Samba as our top picks among

Saudi Arabia's equity market is trading at attractive valuations, says BofAML
(The National - 16/02/2018)

Saudi Arabia's stock market, the Arab worlds’ largest, is attractive thanks to its current cheap valuation compared to other emerging markets equities as well as the government’s economic reforms and possible inclusion in two-widely tracked indices,

Oman shares end marginally higher
(Times of Oman - 16/02/2018)

The MSM30 Index remained stable at 5,005.87 points, up 0.04 per cent. The MSM Sharia Index closed at 711.06 points, down 0.03 per cent. National Bank of Oman was the most active in terms of volume as well as turnover. Wednesday’s top gainer was Muscat