08242016Wed
Last update: Wed, 24 Aug 2016 01pm

Markets - Equity

Markets - Equity - Middle East & Africa

Gulf markets soft; ex-dividend FGB weighs on Abu Dhabi DUBAI: Most Gulf stock markets edged down in early trade on Thursday and Abu Dhabi's bourse led losses because of large lender First Gulf Bank (FGB), which went ex-dividend.The Abu Dhabi benchmark fell 1.8 percent as FGB tumbled 5.2 percent. Its shares no longer carry the 2014 dividend of 1.00 dirham per share or entitle their holders to the 15.38 pct bonus share issue.Qatar's Doha Bank also fell on its ex-dividend date, tumbling 7.6 percent and dragging the Doha benchmark down 0.2 percent.Dubai's market fell 0.7 percent as leading developer Emaar Properties dropped 2.2 percent. The firm has proposed a 2014 cash dividend of 0.15 dirham per share, the same as the cash payout proposed for 2013, but it did not match the 10 percent bonus share issue for the prior year.Oman's bourse edged down 0.2 percent while Kuwait was flat.Copyright Reuters, 2015


Markets - Equity - Europe

Europe Factors to Watch-Shares seen mixed; eyes on ECB PARIS: European stocks were seen mixed on Thursday, with a batch of company results in focus ahead of the European Central bank meeting at which it is set to give further details on its massive bond-buying programme.Shares in Carrefour will be eyed after the world's second-largest retailer said it would boost capital expenditure this year as it seeks to cement a revival of its European hypermarkets and expand in the key emerging market of Brazil.Financial ...

Markets - Equity - Asia

Tokyo stocks close up 0.26pc, Nikkei 225 index at the TSE climbed 48.24 points TOKYO: Tokyo stocks rose 0.26 percent on Thursday, with profit taking more than offset by fresh buying on expectations of higher prices ahead.The Nikkei 225 index at the Tokyo Stock Exchange climbed 48.24 points to close at 18,751.84, while the Topix index of all first-section issues was up 0.44 percent, or 6.71 points, at 1,523.72. The market opened lower following a negative lead from Wall Street but buying picked up on the back of a ...

Markets - Equity - Asia

Tokyo stocks close up 0.26pc TOKYO: Tokyo stocks rose 0.26 percent on Thursday, with profit taking more than offset by fresh buying on expectations of higher prices ahead.The Nikkei 225 index at the Tokyo Stock Exchange climbed 48.24 points to close at 18,751.84, while the Topix index of all first-section issues was up 0.44 percent, or 6.71 points, at 1,523.72. Copyright AFP (Agence France-Presse), 2015

Markets - Equity - Asia

Vietnam index eases at midday, most big-caps down HANOI: Vietnam's benchmark VN Index edged down 0.09 percent at the break on Thursday after hitting a peak, with most large-caps losing ground but cushioned by a rally in PetroVietNam Gas, the country's top firm by market value.The index weakened to 599.84 points by midday, hovering around a strong resistance level of 600 points and after it touched its 3-1/2-month high close of 600.39 points on Wednesday.GAS shares advanced 1.26 percent, covering losses in seven ...

Markets - Equity - Middle East & Africa

Mobily may weigh on Saudi Arabia after shock earnings restatement DUBAI: Telecommunications firm Mobily may be a major drag on Saudi Arabia's stock market as it resumes trading on Thursday, while Gulf markets in general may remain weak, lacking positive catalysts.Saudi Arabia's stock market regulator suspended trading in Mobily before the market opened last Wednesday, after the company announced it had suffered a $243 million loss in 2014 - instead of an earlier announced profit - and expected to breach covenants on long-term loans.On Wednesday ...

Markets - Equity - Asia

Hong Kong stocks down 0.57pc by break HONG KONG: Hong Kong shares lost 0.57 percent in morning trade Thursday after China unveiled a 2015 growth target of "approximately seven percent", which would be the lowest in 25 years.The benchmark Hang Seng Index fell 138.55 points to 24,326.83 by lunch on turnover of HK$45.22 billion ($5.83 billion).Copyright AFP (Agence France-Presse), 2015