Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Dubai shares slip most since March  Join our daily free Newsletter

MENAFN - Khaleej Times - 12/05/2014
No. of Ratings : 0
Add to Mixx!


(MENAFN - Khaleej Times) Arabtec holding the biggest listed builder in the uae lost the most in more than a year as it was cut to hold from buy at naeem holding.

dubai’s benchmark index fell the most in two months as investors sold shares before msci inc names constituents of its emerging markets index this week. abu dhabi’s measure also retreated.

the dfm general index tumbled 3.1 per cent the steepest drop since march 12 to 5138.86 at the close in dubai. arabtec holding the biggest listed builder in the uae lost the most in more than a year as it was cut to hold from buy at naeem holding.

union properties pjsc fell 6.8 per cent the steepest retreat since august. abu dhabi’s adx general index declined 1.1 per cent while qatar’s qe index rose 0.3 per cent. msci whose indexes are tracked by investors managing about 8 trillion in assets will on may 14 announce the companies and weightings of its emerging markets gauge. the upgrade for stock markets in the uae and qatar will take effect from june. dubai’s benchmark surged 53 per cent this year making it the best-performing gauge among more than 90 tracked by bloomberg. it gained 4.4 per cent last week. arabtec which helped build the world’s tallest tower in dubai tumbled 9.2 per cent to dh6.13. union properties declined to dh2.48. emaar properties the tock with the strongest weighting on dubai’s measure fell two per cent to dh9.95. eshraq properties co. was the the most traded stock and the steepest decliner on abu dhabi’s gauge decreasing 9.4 per cent the most on record to dh1.84.

egypt’s benchmark egx30 index rebounded from the biggest drop in a month adding 0.2 per cent. efg-hermes holding sae rose 1.5 per cent to 13.25 egyptian pounds the highest close since march 26 after completing its divestment plan for six of october development & investment.

saudi arabia’s tadawul all share index fell 0.2 per cent bahrain’s measure lost 0.3 per cent oman’s retreated 0.7 per cent and kuwait’s gauge was little changed.

changes trading session

dubai financial market (dfm) will introduce a pre-closing period to its trading sessions from may 14 that will make closing prices more predictable and eliminate large last-minute swings the bourse said on sunday.

dfm said the move was timed to come ahead of the inclusion of the uae in the list of emerging markets by index compiler msci at the end of this month which is expected to bring more foreign investors to the market. under the new rule orders submitted within the last 10 minutes of trading 1350 to 1400 local time (0950-1000 gmt) will accumulate for completion at closing.


 


Khaleej Times




  MENA News Headlines
 Dec 10 2016 - Stress And Pain Reliever Hot Oil Massage In ManamaMENAFN Press
(MENAFN Press) MANAMA, BAHRAIN (December 09, 2016) - Our everyday life is full of stress and pressure, and people do not have the power to remove all the stress forever. People get a sandwich ...

 Dec 10 2016 - Saudi Oger debt plan hit by other creditor court movesMENAFN
(MENAFN) Sources said Saudi Oger's attempt to restructure around 13 billion riyals (USD3.5 billion) in debts have been dealt another blow after a second major creditor obtained a court order ...

 Dec 10 2016 - Qatar�s Dukhan project to be completed 95%MENAFN
(MENAFN) The Public Works Authority (Ashghal) announced completion of 95% of the project, the Dukhan Highway Central project will partly open to traffic from tomorrow, providing one-way exit to the ...

 Dec 10 2016 - Jordan to launch anti-corruption strategy for 2017-2025MENAFN
(MENAFN) According to the Jordan News Agency, Petra, Jordanian Prime Minister launched the "National Strategy for Integrity and Anti-Corruption 2017-2025", in pursuit of a national environment where ...

 Dec 10 2016 - Death of five in car crash: Court sentences three year jail and fineGulf Times
(MENAFN - Gulf Times) A Doha Criminal Court has sentenced a young man to three years in jail and imposed a fine of QR18,000 on him for reckless driving without a valid driving license, causing the ...

 Dec 10 2016 - Boating, water sports enthusiasts flock to QIBSGulf Times
(MENAFN - Gulf Times) The 2016 Qatar International Boat Show (QIBS'16), which concludes on Saturday, has been attracting both boating and water sports enthusiasts with a range of luxury boats, yachts ...

 Dec 10 2016 - Enter the winter: Room heaters, warm clothing sales pick upGulf Times
(MENAFN - Gulf Times) The demand for winter clothes and room heaters has started picking up in stores and hypermarkets as Qatar's residents start to feel the chill, especially at night, it is learnt. ...

 Dec 10 2016 - Qatar- HBKU to host information sessions for graduate studentsGulf Times
(MENAFN - Gulf Times) Hamad Bin Khalifa University (HBKU) will host a series of information sessions across its colleges from tomorrow until December 14. The graduate information sessions will ...

 Dec 10 2016 - Qatar- Strong winds, low visibility on SaturdayGulf Times
(MENAFN - Gulf Times) Strong winds are expected in most parts of the country on Saturday along with low visibility in some places and a cold night, the Qatar Met department has said. The weather ...

 Dec 10 2016 - Al-Muraikhi made UN humanitarian envoyGulf Times
(MENAFN - Gulf Times) Al-Muraikhi made UN humanitarian envoy QNA/New York UN Secretary General Ban Ki-moon on Thursday announced the appointment of Dr Ahmed bin Mohammed al-Muraikhi of Qatar as his ...

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