Dubai market declines --profit booking or halt of the rally?-continued

March 01, 2012--The local Dubai bourse showed some form of exhaustion Thursday, closing 1.64% lower at 1,702.
But losses among blue chips were not immense and market breadth turned not in deep red territory like during previous market declines, as eight shares advanced and 19 declined. Emaar Properties (off 2.85%) and Arabtec Construction (down 3.60%) weighed on the gauge. According to analysts, the sharp rise in GCC indexes (Dubai added 25% year-to-date) was mostly based on rising oil prices, among other factors, but the global research team of Bank of America Merrill Lynch warned in a market study 'World at a glance, March' released earlier today: "In some sense, the rise in oil prices feels similar to last year, when rising growth expectations were dashed by high oil prices as well. Similar to 2011, the most recent surge in oil is not the result of strong demand growth but Middle East supply conditions stemming from tensions about Iran and the Strait of Hormuz, as well as Syria. In this US election year, higher oil and gasoline prices will be a continual focus, potentially dampening sentiment and spending appetite." At the DFM, around 565m shares were traded, valued at Dhs695.7m.

Source: AME Info


Middle East ETP News
The Saudi British Bank earns more, shares slip
July 9, 2014--The Riyadh-based Tadawul market added 0.10 per cent on Wednesday, July 9, closing at 9,787.41 points.
read more
Abu Dhabi developer dips as Asteco releases quarterly report
July 9, 2014--The Abu Dhabi market index ADXGI fell by 0.10 per cent close at 4,840.23 points on Wednesday, July 9.
read more
Gulf Finance House excites Dubai bourse on Dubailand deal
July 9, 2014--The Dubai equity market index DFMGI finished unchanged at 4,507.93 points on Wednesday, July 9, amid neutral market breadth.
read more
Egypt posts drop in foreign reserves
July 7, 2014--Egypt's central bank has said the country's foreign reserves dropped to $16.678bn at the end of June from $17.284bn in the previous month, Reuters has reported.
read more
Bank shares stabilize lackluster Abu Dhabi market
July 7, 2014-The Abu Dhabi market index ADXGI advanced by a tiny 0.05 per cent to reach 4,851.85 points on Monday, July 7.
read more
DSI's German subsidiary snatches deal-in India
July 7, 2014--At the Dubai stock exchange DFM, the market index DFMGI fell by 0.85 per cent higher to 4,554.58 points on Monday, July 7, amid slightly bearish market breadth.
read more
DP World shares knock at $20
July 7, 2014--The FTSE NASDAQ Dubai UAE 20 Index closed 0.41 per cent higher at 4,231.05 points on Monday, July 7.
read more
Egypt: Bourse Indexes Up at End of Week's Trading
July 4, 2014--The Egyptian Exchange indexes continued an upward trend this
read more
IMF-United Arab Emirates: Selected Issues
July 3, 2014--Summary: The strong recovery in the real estate market in Dubai requires close monitoring and further measures to discourage speculative demand. The residential and hospitality segments have seen buoyant growth (although the momentum seems to have slowed in recent months), while growth in the commercial segments (excluding hospitality) has been slower.
read more
Saudi Investment Bank starts earnings season with slight profit gain
July 3, 2014--The Tadawul All-Share Index advanced by 0.10 per cent to hit 9,687.94 points on Thursday, July 3.
read more
Fickle bank shares drag Bahrain bourse down
July 3, 2014--A lackluster Bahrain All-Share Index closed 0.24 per cent lower at 1,427.15 points on Thursday, July 3.
read more
NASDAQ Dubai lackluster
July 3, 2014--The FTSE NASDAQ Dubai UAE 20 Index closed 0.49 per cent lower at 4,105.98 points on Thursday, July 3.
read more
Abu Dhabi market rebound short-lived
July 3, 2014--A two-day gaining streak of the stock market index ADXGI was interrupted on Thursday, July 3, as the market index ADXGI closed 0.75 per cent lower at 4,770.74 points.
read more
Egypt expects economic growth to top 3% in 2014/15 fiscal year
June 30, 2014--Egypt's finance minister, Hany Kadry Dimian has said the country's economy is expected to grow by more than 3% during the 2014/15 fiscal year, Reuters has reported.
read more
DFM rises 6,09% as Arabtec climbs 5.13%
June 26, 2014--?Thursday, ?June ?26, ?2014, ??1:30:02 AMGo to full article The Dubai Financial Market (DFM) index rose 6.09% on Wednesday to reach 4,253.04, while the Abu Dhabi
read more
DFM drops 4.32% as Arabtec falls 9.9%
June 24, 2014--Both the Dubai Financial Market (DFM), and the Abu Dhabi Securities Exchange (ADX) ended the day's trade on Monday in the red,
read more
Egypt bourse to allow pre-session trading
June 24, 2014--The Egyptian Stock Exchange has said it will resume pre-market sessions, allowing stocks to move as much as 20% a day, double the limit in place since 2011, Bloomberg has reported.
read more
NASDAQ Dubai lackluster ahead of Ramadan
June 22, 2014--The FTSE NASDAQ Dubai UAE 20 Index closed 1.61 per cent lower to 4,177.27 points on Sunday, June 22.
read more
Abu Dhabi exchange signs bonds listing, trading agreement
June 22, 2014--Abu Dhabi Securities Exchange (ADX) has signed an agreement paving the way for bonds and other debt instruments to be listed and traded through the bourse, it said in a statement on Sunday.
read more
Egypt Stocks End This Week Lower, Lose EGP3.3bn
June 20, 2014--Egypt's stocks ended this week lower with losses amounting to 3.3 billion Egyptian pounds as foreign investors were back to sell-off transactions.
read more
Banque Saudi Fransi seals SAR2 billion sukuk
June 19, 2014--The Saudi Arabian Tadawul All-Share Index gained a tiny 0.10 per cent on Thursday, June 19, finishing at 9,648.26 points.
read more
Asmak leads Abu Dhabi market rebound
June 19, 2014--The Abu Dhabi market index closed 0.50 per cent to hit 4,803.79 points on Thursday, June 19.
read more
Drake and Scull International is Dubaii's share of the week
June 19, 2014--The Dubai Financial Market Index (DFMGI) ended 1.57 per cent higher at 4,593.27 points on Thursday, June 19.
read more
Vodafone Qatar gets nod for dividend payout
June 19, 2014--In Doha, the Qatar Exchange 20 Index fell by 1.10 per cent to 12,453.76 points.
read more
Egypt: Industry Minister-New Economic Policies Underway to Encourage Investment
June 17, 2014--Trade and Industry Minister Mounir Fakhry Abdel-Nour said on Monday 16/6/2014 the government is in the process of developing new economic policies which encourage saving and investment.
read more
WEF-Societal Tensions, Income Gaps and Unemployment Dominate Global Agenda
June 12, 2014-- The Arabic version of the Outlook on the Global Agenda 2014 report will be launched at the Tunisia Investment Forum on 13 June 2014.
The Outlook on the Global Agenda 2014 report, based on a survey of more than 1,500 global experts, aims to map the consequences of the world's challenges in 2014.
The report identifies societal tensions in the Middle East and North Africa region (MENA), structural unemployment and widening income gaps among the top 10 trends in 2014.
read more
Umm Al-Qura Cement Company debuts at Tadawul market
June 12, 2014--June 12, 2014--The Saudi Arabian Tadawul All-Share Index fell by 0.46 per cent to 9,826.67 points on Thursday, June 12.
read more
Dubai market bounces back
June 12, 2014--The Dubai Financial Market General Index (DFMG) surged 3.68 per cent to hit 4,836.86 points, on Thursday, June 12, ending a four-day losing streak.
read more
CBQ kicks off fixed income roadshow
June 12, 2014--The Doha-based QE 20 Index advanced 0.51 per cent to reach 12,978.86 points on Thursday, June 12.
read more
Etisalat gains as telecom giant issues bond
June 12, 2014--The Abu Dhabi market index ADXGI accelerated its rebound from Wednesday, finishing 1.13 per cent higher at 4,931.78 points on Thursday, June 12.
read more
Saudi Arabian Coop Insurance bucks downtrend
June 11, 2014--The Riyadh-based Tadawul All-Share Index fell by 0.34 per cent to 9,871.68 points on Wednesday, June 11.
read more
Qatar index falls back below 13,000
June 11, 2014-With the exception of the transport sector, all industry indices ended in the red on Wednesday, June 11, in Doha, as the QE20 index declined by 0.45 per cent to closed at 12,912.81 points.
read more
Emaar bucks Dubai market drop
June 11, 2014--The Dubai Financial Market General Index (DFMG) fell by 0.60 per cent to 4,665.24 points, on Wednesday, June 11, marking the gauge's fourth fall in a row.
read more
Insurers halt Abu Dhabi market decline
June 11, 2014--The Abu Dhabi equity market index ADXGI advanced by 0.14 per cent to hit 4,876.49 per cent at on Wednesday, June 11, ending a three-day losing streak.
read more
SABIC helps Saudi market index to stabilise
June 10, 2014--Riyadh-based Tadawul All-Share Index (TASI) gained 0.14 per cent to close at 9,905.68 points on Tuesday, June 10, albeit market breadth was negative, as 60 shares advanced, while 85 stocks declined in value.
read more
DP World defends level above USD20
June 10, 2014--The FTSE NASDAQ Dubai UAE 20 Index closed off two per cent at 4360.05 on Tuesday, June 10.
read more
RAK Bank announces euro medium-term note scheme
June 10, 2014--The Abu Dhabi market index (ADXG) lost for the third day straight, ending down by 1.60 per cent to 4,869.67 points on Tuesday, June 10.
read more
Arabtec plummets as bulls lose the intra-day fight once more
June 10, 2014--After opening with modest gains, the Dubai Financial Market General Index (DFMG) dived 1.63 per cent to 4,693.20 points on Tuesday, June 10, representing a three-week low.
read more