Dubai market ends week on a high note-continued

February 23, 2012--The DFM General Index rose by 1.50% Thursday, closing at 1,632.27 points.
Arabtec Construction surged 3.74% to hit Dhs3.05. With today's trading action, the DFM increased its year-to-date gain to 20.61%. Emaar Properties slipped 0.33% to Dhs3.04. According to Gary Dugan, CIO Private Banking Emirates NBD, "the days of investors hiding in 100% cash or near cash are behind us. Central banks have collectively provided such significant amounts of stimulus to the global economy that some risk taking by investors bored with near zero interest rates was inevitable. The cash continues to seek higher yield in bonds and equities driving prices higher." Some 564.4m shares were traded, valued at Dhs440.34m.

Source: AME Info


Middle East ETP News
MIDEAST STOCKS-Gulf set to consolidate; Dubai near chart support
August 16, 2017--Gulf stock markets look set to consolidate on Wednesday in the absence of positive factors, though Dubai's index has dropped near minor technical support, which could trigger a modest rebound.
read more
Most markets up; Egypt ends losing streak but Qatar down after data
August 16, 2017--Most Middle Eastern stock markets rose on Wednesday, with Egypt ending a six-day losing streak, but trading volumes were thin in the absence of major new catalysts for investors.
read more
Qatar crisis: What does it ultimately mean for the region's economy?
August 15, 2017--A Saudi Arabia-led group of states cut diplomatic ties and trade and transport links with Doha on June 5.
read more
The Tel Aviv Stock Exchange Launches 6 New Tel-Bond Maturity Indices
April 15, 2017---Since The Beginning Of The Year, TASE Has Launched 10 New Indices
TASE's board of directors decided during its meeting on Thursday (10 August 2017) to launch new series of Tel-Bond maturity indices.
read more
MIDEAST STOCKS-Qatar's IHG falls on listing, Dubai dragged down by weak Q2 earnings
August 14, 2017--Shares of the first family business to list in Qatar fell in early trade on Monday, while weak earnings at several companies in Dubai weighed on the stock index there.
read more
Bourses most exposed to foreign funds lag as global mood cautious
August 13, 2017--Stock markets in the Middle East that are most exposed to foreign funds were the chief losers on Sunday, taking their cue from international bourses, where the mood was soured last week by growing tensions between the United States and North Korea.
read more
MIDEAST STOCKS-Gulf may be quiet but Dubai's Shuaa could shine
August 13, 2017-- Stock markets in the Gulf may be quiet on Sunday as investors are reluctant to invest aggressively but Dubai investment bank Shuaa Capital may shine after it reported strong quarterly results.
read more
MIDEAST STOCKS-Zain surges on Omantel move, TAQA down after earnings
August 10, 2017--- Gulf stock indexes moved little in early trade on Thursday, continuing a two-week-old trend, with Kuwaiti telecommunications firm Zain a standout gainer in response to an investment by Omantel.
read more
MIDEAST STOCKS-Markets may be weak, Saudi's Arabian Cement misses estimates
August 10, 2017-- Middle Eastern stock markets may be weak on Thursday with MSCI's broadest index of Asia-Pacific shares outside Japan down 0.7 percent, partly because of North Korean tensions.
read more
IMF Staff Country Reports-Iraq: Selected Issues
August 9, 2017--IRAQ: REINING IN CURRENT EXPENDITURE TO CREATE FISCAL SPACE FOR INCLUSIVE GROWTH1
Iraq's public spending is high in international comparison and is driven by its two largest components: compensation of public employees and social transfers.
read more
Region moves sideways, outperforms EM index; DXBE slides on losses
August 9, 2017--Middle Eastern stock markets generally moved sideways in quiet trade on Wednesday, outperforming other emerging markets, though Dubai theme park operator DXB Entertainments sank because of poor first-half earnings.
read more
Egypt non-oil economy sees signs of stability in July
August 9, 2017--The downturn in the overall health of the Egypt's non-oil private sector eased in July, with the latest deterioration in business conditions marking the weakest in a year, according to new survey.
read more
Israel's "Island Economy" Benefiting From Global Growth
August 8, 2017--Israeli Global Equities, as measured by the BIGI(R) index and tracked by the VanEck Vectors Israel ETF (NYSE: ISRA), declined 0.51% in July but gained 14.66% in 2017 to-date; July was the first month of Israeli underperformance relative to US equities in 2017.
read more
Abu Dhabi Securities Exchange net foreign investments $7million in July 2017
August 7, 2017--Foreign investors' purchases in July 2017 reached AED1.391 billion at Abu Dhabi Securities Exchange, ADX, accounting for 42.5 percent of total buy trades, whereas their sales stood at AED1.365 billion, comprising 41.7 percent of total sell trades, bringing to AED26 million the net foreign investments in July, with net institutional investments in the same month amounting to AED 254.5 million.
read more
Saudi market gains, but Samba drops on Q2 results
August 7, 2017--Saudi stocks edged up in early trade, with gains kept in check by sharp declines in the local market's third largest bank after it reported a slight dip in second quarter profit.
read more
Saudi stocks get a boost from banking sector
August 7, 2017-- Saudi Arabia's stock market edged up on the back of modest gains in the banking sector on Sunday while Egypt imitated world markets' strong finish at the end of last week. Most other Middle Eastern bourses fell.
read more
Front-liners gain further momentum in strong Dubai markets
August 3, 2017--Buying in front-line stocks boosted the Dubai index, which extended gains for another session on Thursday even as traders continue to ignore small stocks.
read more
Foreign investments at UAE stock markets hit $29billion in July
August 3, 2017--The market capitalisation of foreign shares at UAE stock markets continued their rising streak for the second month running, surging to AED104.5 billion during July, a growth of 5.5 percent over the month of June.
read more
Market round-up: Bank earnings push up UAE markets, Saudi gains pared
August 2, 2017--A better-than-expected set of results from UAE banks helped to push up markets in Abu Dhabi and Dubai during July, in what was a mixed month for local stock exchanges during the traditional summer lull.
read more
Iraq in market to raise $1billion, first standalone bond in over decade
August 2, 2017--Iraq started marketing a $1 billion bond on Wednesday, its first international debt issuance as a standalone credit since 2006 and an attempt to put decades of turmoil behind it.
read more
Dubai may shine in otherwise dim region
August 1, 2017-- Dubai's stock market may follow global shares higher and continue to outperform regional counterparts on Tuesday, while Saudi Arabia's index may stall because of uninspiring quarterly results.
read more
DGCX sees single stock futures reach all-time high
August 1, 2017--The Dubai Gold and Commodities Exchange (DGCX) saw single stock futures reach an all-time high, trading an average daily volume of over 10,000 lots for the first time.
read more
Saudi snaps losing streak as Qatar rocked by GIS's poor results
August 1, 2017--Qatar's GIS slumps on huge profit miss
Doha down for fifth straight session
Saudi's Ma'aden up after doubling of Q2 profit
read more
Abu Dhabi's Senaat asks proposals for dollar sukuk-sources
August 1, 2017--Abu Dhabi's Senaat, a state-owned investor in the emirate's industrial sector, has asked banks for proposals to arrange a U.S. dollar denominated sukuk, or Islamic bond, sources familiar with the matter said on Tuesday.
read more
Bluechip propels Dubai index to 4 month high
July 31, 2017-- Buying in Emaar Properties and Dubai Islamic Bank propelled Dubai index to its highest level in four months.
read more
ICAEW Economic Insight: Middle East-Regional growth uneven as oil related activity slows: Q2 summary
July 27, 2017--The ICAEW Economic Insight: Middle East, is a quarterly economic forecast for the region prepared directly for the finance profession. Regional growth uneven as oil related activity slows: Q2 summary
read more
Juhayna profit fall pulls down Egypt; Gulf mixed
July 27, 2017--A slide in shares of Egypt's Juhayna Food Industries after it reported second-quarter earnings pulled down Egypt's stock market on Thursday, while Gulf bourses were mixed.
read more
Amending the trading commissions for Tradable Rights and Exchange Traded Funds (ETFs)
July 27, 2017--In reference to CMA's resolution of amending trading commissions for listed shares, published on 30/6/2016.
read more
MIDEAST STOCKS-Du earnings beat may aid Dubai, global environment neutral
July 25, 2017--An earnings beat by Dubai telecommunications firm du may help to boost that market on Tuesday, while other markets may move little as the global environment is broadly neutral.
read more
TASE to Launch a New Fixed Income Index: Tel Bond Shekel-50
July 25, 2017--The index will consist of the top 50 Israeli bond series Included in the Tel Bond-Shekel Index The index will not include bonds of foreign companies TASE estimates high demand for the index.
read more
Banks push Qatar higher, Mobily's loss dampens Saudi
July 24, 2017--Banks pushed Qatar's stock market higher on Monday while Saudi Arabia's market edged down as telecommunications firm Mobily plunged in the wake of a bigger-than-expected quarterly loss.
read more
IMF Executive Board Concludes 2017 Article IV Consultation with Saudi Arabia
July 21, 2017--On July 17, 2017, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV Consultation [1] with Saudi Arabia.
Non-oil growth is projected to pick up to 1.7 percent in 2017, but overall real GDP growth is expected to be close to zero as oil GDP declines in line with Saudi Arabia's commitments under the OPEC+ agreement.
read more
Dubai rises after bank earnings, most of region sluggish
July 19, 2017--Dubai's stock market rose on the back of strong bank earnings in early trade on Wednesday while most of the rest of the region was sluggish.
read more
Banks boost Qatar in otherwise quiet region
July 19, 2017-- Banking stocks boosted Qatar's equities market on Wednesday, with some share prices approaching levels last reached before the country's diplomatic crisis erupted in early June, while other bourses in the region were mostly quiet.
read more
Saudi-led bloc modifies demands to end Qatar crisis
July 19, 2017--The four Arab nations leading a boycott of Qatar are no longer insisting it comply with a list of 13 specific demands they tabled last month.
read more
Is Saudi Arabia ready for the MSCI Emerging Markets Index?
July 18, 2017--Saudi's entry into the MSCI Emerging Markets Index is a hotly discussed topic now more than ever given that MSCI has lauded the progress made by the kingdom in its efforts towards capital markets reforms.
read more
Abu Dhabi Global Market enhances its international commitment with the implementation of common reporting standard regulations
July 18, 2017--Abu Dhabi Global Market, ADGM, has announced it is to implement the Common Reporting Standard, CRS, Regulations in support of the United Arab Emirates' international obligation in implementing the standards of joint disclosures and the exchange of information for tax purposes set out by the G20 and Organisation for Economic Cooperation and Development, OECD.
read more
Dubai technically bullish, Saudi Kayan beats earnings expectations
July 18, 2017-- Most Gulf stock markets may consolidate without clear direction on Tuesday though Dubai is short-term technically bullish and a few stocks, including Saudi petrochemical maker Saudi Kayan, may move on second-quarter earnings announcements.
read more