Zawya.com - Markets News

Qatar Exchange falls 182 points

Fri, 06 Nov 2009 08:40:55 GMT

Poor net buying support from foreign institutional investors kept the trading sentiment subdued last week.

UAE Equities Fall in Choppy Trading on Economy Woes

Fri, 06 Nov 2009 07:49:48 GMT

UAE shares dropped for a third day to cap a choppy trading week on Thursday, as bourses continued to track global declines, with most investors treading cautiously on lingering worries over the strength of a world economic turnaround.

Prime: Traders Corner - UAE (05-Nov-09)

Thu, 05 Nov 2009 14:10:00 GMT

This is a PDF report.

ABCI: Corporate Profitability between Q3-09 and Q3-08 (Nov-09)

Thu, 05 Nov 2009 09:22:00 GMT

This is a PDF report.

Markaz: GCC Quants (Nov-09)

Thu, 05 Nov 2009 09:11:00 GMT

This is a PDF report.

Bisco Misr revenues drop

Thu, 05 Nov 2009 07:46:06 GMT

Bisco Misr saw revenues drop by 18.9 percent in the third quarter of fiscal year 2009 to reach LE 59.1 million versus LE 72.9 million during the same period last year.

Vodafone Qatar revenues at QR32.9m in 6 months

Thu, 05 Nov 2009 07:39:15 GMT

Vodafone Qatar has announced a revenue of QR32.9m for the six months to September 30, of which QR22.2m was earned in the month of September itself.

Amman Stock Exchange declines on wednesday

Thu, 05 Nov 2009 07:00:54 GMT

Amman Stock Exchange' Wednesday's trading amounted to JD21.5 million spread over 19.7 million shares traded through 10,599 transactions. The share price index closed at 2,560 points, a decline of 0.12 per cent.

DFM rebounds again amid speculation

Thu, 05 Nov 2009 05:55:48 GMT

The Dubai Financial Market (DFM) index bounced yesterday for the second time this week amid high volatility and speculative movements, which is projected to continue for the next few sessions.

Abu Dhabi bourse ends flat despite market volatility

Thu, 05 Nov 2009 05:44:33 GMT

The Abu Dhabi Securities Exchange (ADX) closed almost flat yesterday despite relatively high volatility in the market, with leading active stocks in the real estate sector moving in a wide gap.

Shuaa Capital To Sell Stakes In Associates

Thu, 05 Nov 2009 04:53:31 GMT

Shuaa Capital is planning to sell its shareholdings in a number of associates, according to a company document. The CEO of the firm, Sameer Al Ansari, has stated that Shuaa has appointed Bain & Company, a global business consulting firm, to help formulate future strategy.

Listed Realty Firms' Profits To Hit Dh5.1 Billion

Thu, 05 Nov 2009 04:51:41 GMT

The total profits of listed companies in the real estate sector in 2009 are expected to go up to Dh5.1 billion, compared to Dh728 million in 2002, a recent study has said.

Boulder Steel To Suspend Nasdaq Listing

Thu, 05 Nov 2009 04:44:03 GMT

Boulder Steel will suspend its secondary listing in Nasdaq Dubai from today. The company took the decision to voluntarily withdraw its securities from the secondary listing last September.

BSE Lists $100 Million IFC Hilal Sukuk

Wed, 04 Nov 2009 12:39:54 GMT

Mr. Ebrahim Al Aradi, Acting Director of the Bahrain Stock Exchange (BSE) issued a resolution on Wednesday, 4th November 2009 to list IFC Hilal Sukuk on the Exchange that was issued by Hilal Sukuk Company.

IFC Lists Its First Sukuk On NASDAQ Dubai

Wed, 04 Nov 2009 11:57:27 GMT

The International Finance Corporation (IFC), a member of the World Bank Group, today listed its first Sukuk on NASDAQ Dubai, the international exchange serving the Middle East.

NCB Capital: Investor Tracker (Nov-09)

Wed, 04 Nov 2009 09:08:00 GMT

KEY TAKEAWAYS

Notable buyers in October ?09

· The General Organization for Social Insurance (GOSI), Public Pension Authority (PPA), and Public Investment Fund (PIF) made no increases in holdings during the month making it the first time in the last 12 months.

· Makkah Construction & Development Co. increased its stake in Jabal Omar by SR25.3mn, taking its total holdings in the stock to 8.8%.

CICR: Hunting High Dividend Yields (04-Nov-09)

Wed, 04 Nov 2009 07:40:00 GMT

Hunting high dividend yields

Milling companies brought down the curtain on their recent AGM?s with the approval of their FY08/09 financial statements (ended June 30, 2009) and their proposed DPS. Alexandria Mills (AFMC) was the odd one out, increasing its DPS from LE 0.7/share to LE 0.75/share so as to match last year?s pay-out. Despite a 26% decline in aggregate earnings in FY08/09 (vs. FY07/08), milling companies maintained last year?s DPS. There was, inevitably an exception to the rule ? Central Egypt Mills (CEFM). CEFM decreased its DPS to LE 0.5/share (vs. LE 0.8/share a year ago).

'Evaluation' delays Amlak-Tamweel plan

Wed, 04 Nov 2009 07:20:23 GMT

The main stumbling block in the merger process between Amlak Finance and Tamweel is the "evaluation" of the two companies, according to a source close to the process.

High volatility drags DFM down again

Wed, 04 Nov 2009 06:47:05 GMT

The Dubai Financial Market (DFM) is suffering from an unprecedented aggressive volatility that may remain in the coming few sessions before the market starts to stabilise, according to analysts.

Real estate stocks continue to put pressure on ADX

Wed, 04 Nov 2009 06:46:13 GMT

High volatility in real estate stocks continued to press down the Abu Dhabi Securities Exchange (ADX) yesterday, as the index lost one per cent, or 29.89 points, to close at 2947.80 points.

Daman Investments plans 2012 IPO as part of growth strategy

Wed, 04 Nov 2009 05:53:24 GMT

Daman Investments, a leading private sector investment management company based in the UAE has plans for an initial public offering (IPO) by 2012 as part of a new corporate strategy.

US investors seek closer links with Borse Dubai

Wed, 04 Nov 2009 05:37:30 GMT

The Borse Dubai International Investor Conference New York 2009, co-hosted by the Dubai Financial Market (DFM) and Nasdaq Dubai, in cooperation with Citigroup Global Markets and Goldman Sachs, came to a close yesterday.

Beirut bourse activity down 45% to $882 million

Wed, 04 Nov 2009 04:55:24 GMT

Figures released by the Beirut Stock Exchange indicate that total trading volume reached 94.9 million shares in the first 10 months of 2009, a decrease of 3.2 percent year-on-year.

UGB announces net profit of US$ 18.2 million

Tue, 03 Nov 2009 12:58:50 GMT

United Gulf Bank has announced a net profit of US$ 18.2 million (2.23 US cents per share) for the first nine months of 2009, 94.8 per cent lower than US$ 348.9 million (42.62 US cents per share) earned for the same period in 2008.

Daman Investments unveils strategy to achieve IPO by 2012

Tue, 03 Nov 2009 11:05:19 GMT

Daman Investments PSC, a leading private sector investment management company based in the UAE, has launched a new corporate strategic plan to enhance its shareholding structure and pave the way for a successful Initial Public Offering (IPO) by 2012.