Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

UAE- First quarter income expectations lift DFM  Join our daily free Newsletter

MENAFN - Khaleej Times - 31/03/2014
No. of Ratings : 0
Add to Mixx!


(MENAFN -Khaleej Times) dubai?s stock index the world?s best-performer this year advanced to the highest in more than five years as first-quarter earnings expectations spurred investor sentiment

The dfm general index rose 1.3 per cent to 4438.35 the strongest close in the emirate since september 2008. shuaa capital psc surged 5.6 per cent. qatar’s gauge increased 0.7 per cent the strongest close in almost three weeks.


Dubai’s 4.9 per cent economic expansion in 2013 helped companies in the emirate to boost their earnings. shuaa returned to profit last year after making losses since 2008.


The dfm general index rose 1.3 per cent to 4438.35 points the strongest close in the emirate since september 2008. dubai’s 4.9 per cent economic expansion in 2013 helped companies in the emirate to boost their earnings. — kt photo


The dfm index has advanced 32 per cent this year making it the top performer among more than 90 indexes tracked by bloomberg. “we should expect some positive surprises in terms of earnings for first quarter and investors want to be positioned before that” sebastien henin headf asset management at the national investor said by phone from abu dhabi.


The market is continuing “positive momentum” from the last week he said. shuaa gained to dh1.51 after earlier surging as high as dh1.64. the stock has gained the maximum allowed twice in three days on speculation that its income could get a boost from rising public offerings in the uae and the government may sell a stake in the investment bank.


The company said it has been appointed to manage the ipo of able logistics group in dubai on sunday.


Aramex jumped 3.8 per cent to dh3.25 the highest since april 2006. the shares have gained 46 per cent in the last 12 months. qatar’s gauge advanced for a fourth day. kuwait’s index was little changed and bahrain’s gained 0.2 per cent. oman’s dropped 0.1 per cent and abu dhabi’s measure rose 0.9 per cent.


Saudi arabia’s tadawul all share index advanced 0.2 per cent at 1:29pm in riyadh. egypt’s egx 30 index dropped 2.2 per cent sliding a second day after the announcement that field marshall abdel fatah al seesi will seek the country’s presidency.

 


Khaleej Times




  MENA News Headlines
 Dec 11 2016 - Dubai Investments sets up sales of USD816mn freehold projectMENAFN
(MENAFN) Dubai Investments has launched the sales of USD816mn Mirdif Hills, the only freehold project in Mirdif region of Dubai, UAE.In addition, a mixed-use development featuring 1.054 apartments- a ...

 Dec 11 2016 - Dubai's Dewa reaches fiscal closure for 2.400MW coal power projectMENAFN
(MENAFN) Dubai Elect and Water Authority (Dewa) has reached financial closure for the 2.400MW Hassyan clean coal power project.Moreover, the project is supported by a 25-year Power Purchase Agreement ...

 Dec 11 2016 - Interactive internet-style services to all mobiles is launched by ONEmMENAFN Press
(MENAFN Press) ONEm has deployed a unique intelligent-service-platform that gives ordinary mobiles advanced voice and messaging capabilities. A potential market of 4.8 billion people in the world ...

 Dec 11 2016 - Bahrain's Petro giant receives USD5bn bidMENAFN
(MENAFN) Bahrain Petroleum Co. (Bapco) has delivered offers from global construction firms, involving consortiums led by Technip, Fluor and Japan's JGC.Furthermore, the bids are to expand its Sitra ...

 Dec 11 2016 - Producer price inflation in Oman drops by 17.1pctMENAFN
(MENAFN) Oman's producer price inflation dropped by 17.1 percent in Q3 of this year compared with the same period of 2015, on the back of 19.7pct drop in oil and gas products.Accordingly, crude oil ...

 Dec 11 2016 - Qatar's sanitary ware market to increase by 9pctMENAFN
(MENAFN) Qatar's sanitary ware market is predicted to grow at an annual growth rate of more than 9 percent amid this year to 2021.Additionally, growth in the market is anticipated on account of ...

 Dec 11 2016 - Biztech Launches The Latest Avatar of Advance Product DesignerMENAFN Press
(MENAFN Press) Biztech Launches The Latest Avatar of Advance Product Designer Biztech , the Ahmedabad based IT Solutions Company, recently released a completely restructured version of its ...

 Dec 11 2016 - Beauty Personal Care Products Market by Manufacturers,Types,Regions and Applications Research Report Forecast to 2021MENAFN Press
(MENAFN Press) Beauty Personal Care Products Market by Manufacturers,Types,Regions and Applications Research Report Forecast to 2021 PUNE, INDIA, December 9, 2016 /EINPresswire.com/ -- ...

 Dec 11 2016 - Cannabis Consulting Firm Quantum 9 voted Best Management Consulting Firm in the US by Corporate Visions MagazineMENAFN Press
(MENAFN Press) Cannabis Consulting Firm Quantum 9 voted Best Management Consulting Firm in the US by Corporate Visions Magazine Corporate Visions Cannabis Consulting Best International ...

 Dec 11 2016 - Arizona Attorney General Sued for Not Enforcing the ADAMENAFN Press
(MENAFN Press) Arizona Attorney General Sued for Not Enforcing the ADA Members of AID Take Brnovich to Court for Turning a Blind Eye to Over 9,000 Documented ADA Violations MESA, ARIZONA, ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help