Quotes: US 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 stock 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
 Sep 17 2014 - Kuwait Stock Exchange Closes on Green NoteQatar News Agency
(MENAFN - QNA) Main indices of the Kuwait Stock Exchange ended trading Wednesday in the green zone with the weighted, the price, and the KSX 15 indices up by 1.39, 14.07, and 5.63 points ...

 Sep 17 2014 - HE Assistant FM Receives Copy of Vietnamese Ambassador's CredentialsQatar News Agency
(MENAFN - QNA) HE Assistant Foreign Minister for Foreign Affairs Mohammed bin Abdullah Al Rumaihi on Wednesday received a copy of the credentials of Nguyen Hoang as ambassador of the Socialist ...

 Sep 17 2014 - HE Prime Minister Meets Chubu Electric Power ChairmanQatar News Agency
(MENAFN - QNA) HE Prime Minister and Interior Minister Sheikh Abdullah bin Nasser bin Khalifa Al-Thani on Wednesday met with Toshio Mita, chairman of Chubu Electric Power company on the occasion of ...

 Sep 17 2014 - Italian President Receives Message from Kuwait's EmirQatar News Agency
(MENAFN - QNA) Italian President Giorgio Napolitano received a message from Emir of Kuwait Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah pertaining to bilateral relations between the two ...

 Sep 17 2014 - US Vice President Ukrainian Prime Minister Discuss Minsk AgreementQatar News Agency
(MENAFN - Qatar News Agency) Moscow September 17 (QNA) - Russia and eastern Ukrainian independence fighters should fully observe provisions of the Minsk ceasefire agreement US Vice President Joe ...

 Sep 17 2014 - HE Minister of Culture Arts and Heritage Meets US AmbassadorQatar News Agency
(MENAFN - Qatar News Agency) Doha September 15 (QNA) - HE the Minister of Culture Arts and Heritage Dr. Hamad bin Abdulaziz Al Kuwari met here Monday with HE US Ambassador to Qatar Dana Shell Smith. ...

 Sep 17 2014 - 52 Taliban Militants Killed During CounterTerrorism OperationsQatar News Agency
(MENAFN - Qatar News Agency) Kabul September 15 (QNA) - At least 52 Taliban militants were killed following joint clearing operations by Afghan national security forces in various provinces of the ...

 Sep 17 2014 - One Policeman Killed Two Injured in Pakistan's militant attackQatar News Agency
(MENAFN - Qatar News Agency) Islamabad September 15 (QNA) - A policeman was killed and two others sustained injuries when unknown militants launched an attack on Tal Police Station on Monday morning. ...

 Sep 17 2014 - US Drone Strike Kills Seven on PakAfghan BorderQatar News Agency
(MENAFN - Qatar News Agency) Islamabad September 14 (QNA) - Seven suspected militants including two key commanders of Badr Mansoor group have been killed in a US drone strike according to Pakistan ...

 Sep 17 2014 - ISIS United Iraq Country's Deputy Prime Minister SaysQatar News Agency
(MENAFN - Qatar News Agency) Baghdad September 14 (QNA) - Iraq's Deputy Prime Minister Hoshyar Zebari said Sunday that ISIS organization has united the country rather than divide it. He said that ...

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

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

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
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

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


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help