Gulf Stocks

  BLOOMBERG Abu Dhabi stocks posted their longest losing streak since October amid a slump in trading across Gulf Arab equity markets as investors held out for more than a $1 billion worth of rights issues. The ADX General Index fell 1.1 percent, declining for the sixth straight day. Emirates Telecommunications Group Co., or Etisalat, the largest phone company in ...

  DUBAI / Reuters Foreign funds boosted the Egyptian stock market for a second straight day on Wednesday, exchange data showed, while Gulf bourses lost steam as investors took profits. Cairo’s main index added 1.2 percent following its 1.9 percent jump on Tuesday, taking the bourse’s gains for 2016 to 9.0 percent. Global Telecom Holding, a stock preferred by international ...

  DUBAI / Reuters Saudi shares rose early on Tuesday, lifted by firmer oil prices and news that Saudi Arabia’s second-largest telecommunications operator Mobily had secured waivers from all its lenders on breaches of loan agreements. Real estate stocks lifted the Dubai index. Etihad Etisalat (Mobily) jumped 6.7 percent after it said lenders who had not already agreed in December ...

  JAKARTA / Reuters The private sector arm of the Islamic Development Bank Group plans to regularly tap Islamic debt capital markets and expects to arrange two sovereign deals later this year, its chief executive said. Regular access to Islamic financing tools such as Islamic bonds, or sukuk, is helping the Jeddah-based Islamic Corporation for the Development of the Private ...

  EMIRATES BUSINESS United Arab Emirates equities were lower at the close on Monday, as losses in the Consumer Staples, Services and Insurance sectors propelled shares lower. At the close in Dubai, the DFM General lost 0.43% to hit a new 1-month low, while the ADX General index declined 0.66%. The biggest gainers of the session on the DFM General were ...

  BLOOMBERG Saudi Arabian stock investors showed they care more about the price of oil than what New York-based Moody’s Investors Service Inc. thinks about the kingdom’s debt dynamics. A day after Moody’s became the latest company to reduce the nation’s credit rating, the Tadawul All Share Index added as much as 0.8 percent before closing little changed. Saudi Arabian ...

  ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has increased by 0.13% to close at 4436.25 points. Accordingly the Market Capitalization has gained AED 0.92 billion attaining AED 721.81 billion. A total of 423.83 Million Shares were traded with a total value of AED 0.57 billion during the trading session of 12-05-2016 through 5051 transactions. The number of companies ...

  ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has decreased by -0.46% to close at 4430.61 points. Accordingly the Market Capitalization has lost AED 3.3 billion attaining AED 720.89 billion. A total of 446.83 million Shares were traded with a total value of AED 0.58 billion during the trading session of 11-05-2016 through 6172 transactions. The number of companies ...

  ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has decreased by -1.04% to close at 4450.90 points. Accordingly the Market Capitalization has lost AED 7.62 billion attaining AED 724.19 billion. A total of 0.57 Billion Shares were traded with a total value of AED 0.6 billion during the trading session of 10-05-2016 through 6543 transactions. The number of companies ...

  ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has increased by 0.32% to close at 4497.71 points. Accordingly the Market Capitalization has gained AED 4.58 billion attaining AED 731.81 billion. A total of 442.19 Million Shares were traded with a total value of AED 0.52 billion during the trading session of 09-05-2016 through 5948 transactions. The number of companies ...