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14 minutes ago Tadawul unveils SSOs contracts on Ma'aden
Riyadh – Mubasher: The Saudi Exchange (Tadawul) launched the Single Stock Options (SSOs) contracts on the Saudi Arabian Mining Company (Ma'aden). SSOs are set to be available from 21 April 2024, which will be cleared by the Securities Clearing …
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3 hours ago DFM, ADX collectively rise on Thursday
UAE – Mubasher: The main index of Dubai Financial Market (DFM) gained 35.24 points (0.84%) on Thursday and ended the trading session at 4,208.17 points. DFM’s turnover stood at AED 414.17 million through the exchange of 208.70 million shares. …
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17 April 02:31 PM UAE stock markets show negative performance on Wednesday
UAE – Mubasher: The main index of Dubai Financial Market (DFM) closed Wednesday’s trading session lower by 11.38 points (0.27%) at 4,172.93 points. DFM’s turnover amounted to AED 402.53 million through the exchange of 130.30 million shares. Emaar …
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16 April 02:29 PM DFM, ADX close Tuesday with collective decline
UAE – Mubasher: The main index of Dubai Financial Market (DFM) lost 59.47 points (1.40%) on Tuesday and ended the trading session at 4,184.31 points. DFM’s turnover amounted to AED 499.85 million through the exchange of 214.32 million shares. …
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16 April 09:48 AM Thermal power to dominate UAE’s energy landscape until 2035 – GlobalData
UAE – Mubasher: The UAE is dependent on gas imports for power plants and water desalination plants in line with its objectives to become self-sufficient in gas supply by 2030. GlobalData, a leading data and analytics company, pointed out that …
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15 April 02:29 PM UAE stock markets close 1st trading session after Eid on mixed note
UAE – Mubasher: The UAE stock markets showed a varied performance on Monday, which marks the first trading session following the Eid Al Fitr holiday. The main index of Dubai Financial Market (DFM) closed the session lower by 0.37 points at …
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11 April 07:02 PM Saudi Arabia, Kuwait’s crude oil production rises in March; UAE shows decline
Mubasher: The Saudi crude oil production surged by 20,000 barrels per day (bpd) to hit 9.03 million bpd in March 2024 compared with 9.01 million bpd in February, according to the latest OPEC report. The average crude oil production by Saudi Arabia …
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10 April 06:55 PM Arab stock markets show varied performance in Ramadan 2024
Mubasher: The performance of the capital markets in the Arab region was mixed during the holy month of Ramadan, with five markets rising and eight declining. The Palestine Exchange was the top performer, with the main index increasing by 20.48% …
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10 April 05:38 PM UAE-based YallaHub unites with Synergetic for sustainable home care, eyes Saudi expansion
UAE – Mubasher: Dubai-based marketplace aggregator YallaHub has entered a strategic cooperation with Synergetic, an eco-friendly brand, for the purpose of endorsing the UAE home and laundry care market, which is expected to hit $534.30 million by …
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9 April 12:23 PM UAE-Saudi Arabia weekly flights hike 13% during Ramadan
Mubasher: The number of flights between the UAE and Saudi Arabia surged by 13.30% during March amid increasing demand from those planning to perform Umrah rituals during the holy month of Ramadan. The month of Ramadan witnessed nearly 383 weekly …
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8 April 12:57 PM ADX, DFM see AED 1.6bn off-book transactions in Ramadan
UAE – Mubasher: The Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM) recorded nine off-book direct transactions, involving a total of 305.70 million shares valued at AED 1.60 billion during Ramadan. ADX conducted five deals, …
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4 April 04:31 PM DFMGI, FADGI close Thursday in green zone
UAE – Mubasher: The main index DFMGI of Dubai Financial Market (DFM) rose by 6.62 points (0.15%) to close Thursday at 4,246.67 points. A total of 139.57 million shares were exchanged at a turnover of AED 300.21 million. Mashreq Bank advanced the …
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3 April 06:28 PM Abu Dhabi’s real GDP grows 3.1% in 2023 – EmiratesNBD Research
UAE – Mubasher: EmiratesNBD Research cited preliminary estimates by the Statistics Centre - Abu Dhabi indicating that the capital of the UAE registered a 3.1% growth in real GDP during 2023. The non-oil sector, which expanded by 9.1% yet …
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3 April 03:37 PM UAE stock markets decline on Wednesday
UAE – Mubasher: The main index DFMGI of Dubai Financial Market (DFM) fell by 29.35 points (0.68%) on Wednesday to close at 4,240.05 points. A total of 197.30 million shares were exchanged at a turnover hitting AED 405.85 million. National General …
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3 April 02:10 PM UAE’s PMI down to 57.1 in March; new order growth maintained
UAE - Mubasher: The UAE’s seasonally adjusted Purchasing Managers' Index (PMI) went down to 56.9 last March from 57.1 in February 2024, according to the latest S&P Global PMI data. The data reflected the joint-fastest accumulation of backlogs of …
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2 April 04:01 PM DFMGI, FADGI close Tuesday’s session in green zone
UAE – Mubasher: The main index DFMGI of Dubai Financial Market (DFM) ended Tuesday’s trading session higher by 6.11 points (0.14%) at 4,269.40 points. The turnover stood at AED 4883.71 million through the trading of 281.28 million shares. Islamic …
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1 April 02:46 PM UAE stock markets close Monday’s session higher
UAE – Mubasher: The main index of Dubai Financial Market (DFM) ended Monday’s trading session higher by 17.02 points (0.40%) at 4,263.29 points. The turnover hit AED 471.90 million through the exchange of 352.96 million shares. Union Properties, …
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28 March 03:24 PM UAE stock markets show varied performance on Thursday
UAE – Mubasher: The main index DFMGI of Dubai Financial Market (DFM) closed Thursday’s session in the green zone, after rising by 1.15 points (0.02%) to hit 4,232.94 points. The turnover amounted to AED 407.10 million through the trading of 224.82 …
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27 March 03:54 PM UAE stock markets close Wednesday in red zone
UAE – Mubasher: The main index DFMGI of Dubai Financial Market (DFM) declined on Wednesday by 14.44 points (0.34%) to close at 4,231.79 points. A total of 264.02 million shares were traded at a value of AED 663.77 million. Emirates Integrated …
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26 March 03:46 PM UAE stock markets end Tuesday’s session down
UAE – Mubasher: The benchmark index DFMGI of Dubai Financial Market (DFM) closed Tuesday lower by 35.32 points (0.82%) at 4,246.23 points. The trading value amounted to AED 502.99 million through the exchange of 256.43 million shares. Islamic Arab …
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25 March 04:06 PM DFMGI, FADGI close Monday on mixed note
UAE – Mubasher: The benchmark index DFMGI of Dubai Financial Market (DFM) ended Monday’s session higher by 1.20 points (0.02%) at 4,281.55 points. A total of 300.35 million shares were exchanged at a turnover of AED 388.26 million. Parkin …
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21 March 03:53 PM UAE stock markets show varied performance on Thursday
UAE – Mubasher: The benchmark index DFMGI of Dubai Financial Market (DFM) plunged by 13.76 points (0.32%) at the end of Thursday’s session, reaching 4,277.61 points. A total of 429.26 million shares were exchanged at a turnover of AED 900.15 …
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21 March 01:15 PM EFG Hermes leads $429m IPO of Parkin for DFM listing
Mubasher: EFG Hermes, an EFG Holding Company, concluded its advisory on the $428.70 million initial public offering (IPO) of Parkin on the Dubai Financial Market (DFM), according to a press reelase. EFG Hermes acted as a joint bookrunner on the …
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20 March 04:14 PM DFMGI, FADGI close Wednesday with positive performance
UAE – Mubasher: The benchmark index DFMGI of Dubai Financial Market (DFM) rose by 18.61 points (0.43%) on Wednesday, closing the session at 4,291.37 points. A total of 196.56 million shares were traded at a turnover of AED 404.17 million. Al …
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19 March 02:34 PM UAE stock markets close Tuesday mixed
UAE – Mubasher: The main index of Dubai Financial Market (DFM) ended Tuesday’s trading session lower by 2.62 points (0.06%) at 4,272.76 points. DFM’s turnover amounted to AED 338.61 million through the exchange of 133.09 million shares. Emaar …