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 head of 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
 Jan 29 2015 - 'You will die alone' French government warns would-be jihadistsThe Peninsula
(MENAFN - The Peninsula) "You will discover hell on earth, and will die alone" - that is the stark message from the French government in a new social media campaign aimed at discouraging would-be ...

 Jan 29 2015 - Qatar- Resurgent River Goddess clinches Umm Al Houl CupThe Peninsula
(MENAFN - The Peninsula) River Goddess produced a late surge to win the Umm Al Houl Cup as popular jockey Harry Bentley topped the feature race with a electrifying finish at the Qatar Racing and ...

 Jan 29 2015 - Qatar continue dream run and book first-ever semi-final spotThe Peninsula
(MENAFN - The Peninsula) Cuban-born Rafael Capote's eight goals helped hosts Qatar pull off a dramatic 26-24 win over former champions Germany yesterday and earned them their first-ever place in the ...

 Jan 29 2015 - Qatar down Germans to enter semi-finalThe Peninsula
(MENAFN - The Peninsula) Qatar's Youssef Benali (left) reacts during the Qatar 2015 24th Men's Handball World Championship quarter-final match against Germany at the Lusail Multipurpose Hall outside ...

 Jan 29 2015 - UAE- Lulu among top 250 global retailersThe Peninsula
(MENAFN - The Peninsula) UAE-based Lulu Group, which runs the Lulu chain of supermarkets, has been risen in the latest edition of a list of the biggest retailers in the world.The company, headed by ...

 Jan 29 2015 - Qatar trade balance hits QR22.7bn, PPI declinesThe Peninsula
(MENAFN - The Peninsula) Qatar's trade balance of goods, which represents the difference between total exports and imports, showed a surplus of QR22.7bn in December 2014, a decrease of QR11.1bn, or ...

 Jan 29 2015 - Qatar- Huge dip in calling rates after Vodafone entry: CEOThe Peninsula
(MENAFN - The Peninsula) Competition in domestic telecom market has brought international calling rates significantly down in Qatar. International calling rates have fallen by up to 92 percent, when ...

 Jan 29 2015 - Qatar- QBA hosts UK trade delegationThe Peninsula
(MENAFN - The Peninsula) The Qatari Businessmen Association (QBA) hosted a luncheon in honour of the visiting British trade delegation led by the Lord Mayor of the City of London Alderman Alan Yarrow ...

 Jan 29 2015 - Qatar's UK investments touch £30bnThe Peninsula
(MENAFN - The Peninsula) With investment worth an estimated £30bn in the UK, Qatar is looking to further expand its stakes in Britain. To boost the bilateral trade and to help the Qatari and British ...

 Jan 29 2015 - Bahrain opposition head rejects charges as trial opensThe Peninsula
(MENAFN - The Peninsula) Bahraini Shiite opposition chief Sheikh Ali Salman, in custody for allegedly trying to overthrow the kingdom's Sunni regime, rejected the charge as his trial opened ...

more...


 






Google

Click to Apply

 
 

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

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

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