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UAE markets hit fresh multi-year highsMarkets in the UAE hit new multi-year highs on Tuesday, delaying an expected bout of profit-taking as upbeat earnings added fuel to the bullish sentiment, while Saudi Arabia and Egypt fell. In Dubai, banks rallied. Dubai Islamic B More… |
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Saudi CMA caps first-day stocks price volatilityThe Saudi Capital Market Authority (CMA) announced on Sunday that stocks on the kingdom's bourse would be limited to price swings of 10 per cent on their first day of trade. More… |
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Saudi stocks surge to four-week highSaudi stocks surged to a four-week high helped by gains in petrochemicals stocks with the kingdom's benchmark all-share index closing up 0.2 per cent at 7,220.42 points, its highest level since April 13. The banking index clos More… |
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Saudi finalising rules for foreign stocks ownershipSaudi Arabia is finalising a regulatory framework which will allow foreigners to directly own stocks in the kingdom, though the market has no need for liquidity from international investors, the head of the country's market regulator said. More… |
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Saudi finalising rules for foreign stocks ownershipSaudi Arabia is finalising a regulatory framework which will allow foreigners to directly own stocks in the kingdom, though the market has no need for liquidity from international investors, the head of the country's market regulator said. More… |
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Saudi ends high on petchem, bank stocksThe Saudi all-share index closed up 0.54 per cent to 7214.06 points as petrochemicals and banking shares posted some gains on Saturday. King Abdullah had earlier ordered compensation to be paid for damage caused by extensive flood More… |
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Gulf markets upbeat on banks' Q1 resultsGulf investors' focus will remain fixed on corporate first-quarter earnings on Sunday, said experts. Markets in the UAE remained at multi-year highs as upbeat results from banks buoyed optim More… |
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Saudi soars on banking, cement stocksSaudi shares rose on Saturday, buoyed by stock in banking, cement, tourism and agriculture companies. The petrochemical index, seen as one of the most important, declines. The all-share index rose 0.31 per cent to 7,143 points, wh More… |
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Positive Asia tone to help Gulf marketsA positive tone in Asian markets is expected to support stocks around the Gulf, where many markets are already in uptrends because of strong first-quarter corporate earnings. The MSCI index of Asia-Pacific shares outside Japan was More… |
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Saudi edges up on banking stocksSaudi stocks close slightly higher. The main market index is up 0.54 percent to 7098,48 points, supported by banking shares. Al Rajhi Bank, the kingdom's largest listed lender, was up 1.16 per cent. Shares of he More… |
