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Emirates Securities Market Index up by 3.03%

ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has increased by 3.03% to close at 4095.68 points. Accordingly the Market Capitalization has gained 19.52 Billion AED attaining 664.37 Billion AED. A total of 0.88 Billion Shares were traded with a total value of 1.11 Billion AED during the trading session of 2016-01-31 through 11591 transactions. The number of companies which ...

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FH maintains investment grade credit rating with stable outlook

ABU DHABI / EMIRATES BUSINESS Finance House (FH) announced its Corporate Credit Rating of “BBB-” (Long-Term) and “A3″ (Short-Term). With both Investment Grades recently affirmed by Capital Intelligence (CI), the international credit rating agency, Finance House demonstrates solidly stable outlooks, while maintaining the same Credit Rating for three consecutive years. While affirming the above ratings in a recently released Credit ...

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Gulf stocks trim worst in 7 years after oil rebounds

The DFM General Index increased 4.9 percent to the highest level since Jan. 6, taking its three-day gain to 11 percent. The measure’s 30-day volatility is near the highest in a year following the swings in January. Abu Dhabi’s ADX General Index advanced 3.7 percent. First Gulf Bank PJSC was the biggest contributor to gains with a 12.4 percent jump, ...

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