Morocco news

The markets may continue to see positive speculations
22 August 08:47 AM GCC bourses still see cautious trades – Analysts
By: Mahmoud Gamal Mubasher: The GCC stock markets need new liquidity to be able to break their important resistance levels, as investors are shying away from purchases due to increased tensions between the US and North Korea as well as oil prices …
Traders at Boursa Kuwait
21 August 08:37 AM GCC bourses likely to rise Monday – Analysts
By: Mahmoud Gamal Mubasher: The GCC stock markets are expected to see a positive performance on Monday, amid investors’ tendency to invest in small caps, analysts told Mubasher. The GCC bourses still look forward to seeing gains on Monday, amid …
Traders at Dubai's bourse
20 August 08:40 AM Traders to invest in GCC operational stocks – Analysts
By: Mahmoud Gamal Mubasher: The GCC stock markets are expected to see further gains on Sunday, in line with the announcement of first-quarter financials and investors’ trades on stock with strong operational results, analysts told Mubasher. …
The ratings agency also maintained the negative outlook
19 August 09:32 PM Moody's downgrades Tunisia’s credit rating
Mubasher: Moody's Investors Service has downgraded the long-term issuer rating of the government of Tunisia to B1 from Ba3 and maintained the negative outlook, according to a recent report. The ratings agency has also downgraded the foreign …
Fitch also maintained the positive outlook
19 August 09:28 PM Fitch upgrades Greece's credit rating
Mubasher: Fitch Ratings has upgraded Greece's long-term foreign-currency issuer default ratings to 'B-' from 'CCC', and maintained its positive outlook, according to a recent report. The ratings agency attributed the rating upgrade to a reduced …
The partnership will enable both entities to expand their presence in Saudi and Gulf markets
19 August 08:35 PM DGCX to launch Sharia compliant spot gold contract
Dubai - Mubasher: The Dubai Gold and Commodities Exchange (DGCX) has reached an agreement with Ayedh Dejem Group to launch the first Sharia compliant Spot Gold contract in the Middle East, to be traded on an international exchange. According to an …
Kuwaiti crude oil registered $47.69 per barrel on Friday
19 August 03:45 PM Kuwait oil prices rise 76 cents
Mubasher: The price of Kuwaiti oil went up by 76 cents yesterday, according to the Kuwait Petroleum Corporation (KPC). Kuwaiti crude oil registered $47.69 per barrel (pb) on Friday, compared to $46.93 pb on Thursday, as reported by Kuwait News …
Kuwaiti crude oil registered $46.93 per barrel on Thursday
18 August 05:07 PM Kuwait oil down $0.72
Kuwait - Mubsher: The price of the Kuwaiti oil declined by 72 cents on Thursday, according to the Kuwait Petroleum Corporation (KPC). The Kuwait News Agency (KUNA) reported that Kuwaiti crude oil registered $46.93 per barrel (pb) yesterday, …
Dana Gas Egypt’s production output grew by 13% during the first half of 2017
15 August 04:02 PM Dana Gas to drill 3 new wells in Egypt
Abu Dhabi – Mubasher: Dana Gas on Tuesday said its receivables from the Egyptian government contributed to its profit growth during the first half of 2017. The Sharjah-based gas company also announced plans to drill three exploration wells on …
The price of crude oil fell to the lowest levels in three weeks
15 August 12:01 PM Kuwait crude oil rises 23 cents Monday – KPC
Mubasher: The price of Kuwait crude oil gained 23 cents to reach $48.46 per barrel (pb) on Monday compared to $48.23 pb on Friday, according to the latest data issued by the Kuwait Petroleum Corporation (KPC). At the global level, the price of …
Kuwaiti crude oil registered $48.22 per barrel on Friday
12 August 04:03 PM Kuwait oil down $1.42
Mubasher: The price of Kuwaiti crude oil declined on Friday by $1.42 per barrel (pb) , according to the Kuwait Petroleum Corporation (KPC). The price for the Kuwaiti oil barrel registered $48.22 yesterday, compared to $49.65 on Thursday, Kuwait …
Kuwait oil recorded $49.65 per barrel on Thursday
11 August 11:19 PM Kuwait oil up $0.16
Mubasher: The price of Kuwaiti crude oil went up by 16 cents on Thursday’s trading, according to the Kuwait Petroleum Corporation (KPC). Kuwait oil recorded $49.65 per barrel (pb) yesterday, after closing the day before at $49.49, Kuwait News …
The indices of the GCC stock markets are facing strong resistance
10 August 09:43 AM GCC markets in need for more liquidity – Analysts
By: Mahmoud Gamal Mubasher: The Gulf stock markets are expected to face a challenge in attracting more liquidity in the coming sessions amid investors’ anticipation of leading companies to disclose their quarterly income statements, technical …
API has expected US oil inventories to shrink last week
9 August 12:13 PM Kuwait crude oil up 46 cents Tuesday – KPC
Mubasher: The price of Kuwait’s crude oil increased by 46 cents to settle at $49.49 per barrel (pb) on Tuesday compared to $49.03 pb on Monday, according to the latest data issued by the Kuwait Petroleum Corporation (KPC). The American Petroleum …
9 August 12:02 PM Casablanca main index rises 0.37% for 2nd straight day
Casablanca – Mubasher: Bourse de Casablanca’s indexes rose on Tuesday for the second consecutive session, as Madex, its main index, closed 0.37% or 36.4 points higher at the level of 9,985.22 points. Meanwhile, the Masi index gained 0.34% or 41.6 …
The positive outlook on the economy aviation segment has attracted new portfolios
9 August 09:30 AM GCC bourses expected to rise slightly Wednesday – Analysts
By: Mahmoud Gamal Mubasher: The majority of the Gulf stock markets are expected to slightly rise on Wednesday in line with the portfolios’ trend to increase positions in penny stocks, analysts told Mubasher. Traders at the GCC markets, namely …
Nymex crude oil retreated by 0.4% to reach $49.39 pb
8 August 05:16 PM Kuwait crude oil up 26 cents Monday – KPC
Mubasher: The price of Kuwait crude oil increased by 26 cents to settle at $49.03 per barrel (pb) on Monday, compared to $48.77 pb on Friday, according to the latest data issued by the Kuwait Petroleum Corporation (KPC). At the global level, the …
Traders at Boursa Kuwait
8 August 09:09 AM GCC stocks to attract investments – Analysts
By: Mahmoud Gamal Mubasher: The GCC stock markets are expected to see more purchases on Tuesday, with indices likely to break important resistance levels, analysts told Mubasher. Long-term investors’ sentiment started to improve after global …
Traders at Boursa Kuwait
6 August 08:58 AM GCC bourses likely to rise on oil prices – Analysts
By: Mahmoud Gamal Mubasher: Most GCC bourses are expected to continue their uptrend on Sunday, amid the rise of oil prices to reassuring levels and disclosures of good first-half financials, analysts told Mubasher. Higher oil prices will push the …
Regular gasoline surged by 51% to 4.95 million barrels
5 August 10:41 PM Oman oil refineries production rise 12% in H1-17
Mubasher: Omani oil refineries and petroleum companies’ production grew by 12% during the first half of 2017 compared to the levels recorded during for the same period last year, according to the National Centre for Statistics and Information …
Kuwaiti crude oil registered $48.77 per barrel (pb) on Friday
5 August 10:38 PM Kuwait oil down $0.38
Mubasher: The price of Kuwaiti oil declined by 38 cents on Friday, according to the Kuwait Petroleum Corporation (KPC). Kuwaiti crude registered $48.77 per barrel (pb) yesterday, compared to $49.15 pb on Thursday, as reported by Kuwait News Agency …
The UAE based company rose prices by 2.5% to 3%
5 August 07:51 PM ADNOC hikes crude oil prices for July
Abu Dhabi - Mubasher: The Abu Dhabi National Oil Company (ADNOC) has retroactively raised crude prices for July, according to the company’s official twitter account. Murban prices have been increased to $48.60 per barrel, 2.7% more than the June …
Kuwaiti crude oil reached $49.15 per barrel on Thursday
4 August 05:29 PM Kuwait oil up $0.52
Kuwait - Mubasher: The price of Kuwaiti oil went up by 52 cents on Thursday, according to the Kuwait Petroleum Corporation (KPC). Kuwait News Agency (KUNA) reported that Kuwaiti crude oil reached $49.15 per barrel (pb) yesterday after registering …
Omani oil registered $50.43 per barrel on Friday
4 August 05:27 PM Oman oil prices down 51 cents
Mubasher: The price of Oman oil futures for October delivery declined by 44 cents per barrel today, according to the data of the Dubai Mercantile Exchange (DME). Data showed that Omani crude oil registered $50.43 per barrel (pb) on Friday, …
Traders at Boursa Kuwait
3 August 08:42 AM GCC bourses’ trend dependent on oil prices – Analysts
By: Mahmoud Gamal Mubasher: The GCC stock markets are expected to see a negative performance on Thursday due to the fall of oil prices, amid investors’ tendency to trade on non-oil small caps, analysts told Mubasher. Oil prices are expected to …