Markets

TECOM listing adds billions to Dubai Market capitalization

Shares were active during the first minutes of trading

Aramco, stc lead Tadawul’s single-stock futures trading

Single-stock futures will allow for more efficient portfolio risk management

Global financial markets in brief July 28

Bitcoin registers largest quarterly loss in over a decade

Sukuk issuances fell to $74.5 bn in H1

S&P lowered its forecast for 2022 sukuk issuance to about $130 billion

Saudi’s Alamar sets final IPO price range at SAR 115 per share

The IPO order book was 47.5 times oversubscribed

First UAE’s Co-op to list its shares in Dubai Financial Market

Listing is scheduled for the 18th of this month

Global financial markets in brief Week June 20

Stock markets gain for first time in a month, oil prices fall below $110

UAE’s TECOM raises over $463 mn for its IPO

Offer marks highest oversubscription multiple for listings on the DFM

Will Muscat Bourse witness the launch of the “Okio” IPO soon?

Investment Authority exits from 30 companies to secure $6.5 bn

Bahrain’s Mumtalakat plans IPO for McLaren in 3 years

Mumtalakat has $18 billion in assets under management

Britain begins free trade talks with Gulf states

It seeks to open new markets and support 10 thousand companies

Boursa Kuwait announces trading resumption on Al Ahli stocks

Al Ahli lodged a complaint with the Capital Market Authority

Global Financial Markets in brief week June 13

The worst week for global stocks since the markets collapsed with the outbreak of Corona in March 2020

Saudi’s Alamar IPO: Offering price range set between 103, 115 riyals

Alamar to raise about 1.2 billion riyals by offering some shares on Tadawul

UAE’s NCHT allows foreigners to own 49% of its shares

Eligibility includes any natural or legal person, whether a UAE citizen or not

Dubai’s Salik turns into a joint stock company ahead of potential IPO

As per the law, Dubai’s government owns all of the company's shares

Tecom set price range for IPO at 2.46 to 2.67 dirhams per share

Subscription for 625 million shares began today on DFM

5 Gulf countries follow the “Fed”, raise interest rates

Saudi made a smaller increase after slight inflation slowdown

The Fed announces a significant increase in interest rates by 75 basis points

It’s in response to high inflation, volatile financial markets

Global Financial Markets in Brief week June 7

US inflation figures fluctuate market expectations... and cryptocurrencies crashing

Global markets’ sell-offs inflict significant losses

Blame the release of the recent US inflation report

DFM launches new equity futures on stocks of DEWA, GFH

This is part of DFM’s strategy to diversify investment opportunities