Markets

PSX rises nearly 400 pts on expected UAE investment, IMF support

Pakistan moving closer to the resumption of the IMF program

Nasdaq ends worst bear market in 14 years

the dollar index fell 1.025 percent

Dubai’s Salik to seek $1 bn in IPO

Salik is still planning to list its shares on Dubai Stock Exchange in September

Gold is waiting for a weak dollar to restore its luster

Gold exchange-traded funds lost $4.5 billion in July

24 MENA IPOs raise $13.5 bn in H1

9 IPOs raised $9 bn in Q2 2022

Global bond issuance set to contract 16% in 2022, S&P says

Total issuances in H1 stood at $4.2 tn, down 11%

Could investing in tech stocks be best bet?

Tech select sector increased by 12% last month alone

Bahrain to launch market for closed joint-stock companies

Market will be a unified, comprehensive platform for closed joint stock companies

Egypt’s pound near lowest level against dollar since 2016

Central Bank offered purchase price of US dollar against EGP 19.01

Global Financial Markets in Brief Week 4 July

Markets focus on a possible slowdown in rate hikes rather than a recession

Dubai Financial Market posts 63% growth in net profit of H1

International investors accounted for 72% of the new investors

Strong dollar, higher interest rates reduce gold global demand

Gold demand in the 3 months to end of June dropped to 948 tonnes

Bitcoin pumps to 23K as Fed hikes rates

On Wednesday, Bitcoin increased nearly 9% to $22,792.02

Tech earnings week: Numbers miss investors’ expectations

Microsoft, Alphabet yesterday... meta today, Apple, Amazon tomorrow

Global Financial Markets in Brief week July 18

The best week for stock markets, supported by a recovery in technology shares

Egypt to list more state companies on stock exchange

The Egyptian army controls a large portion of the economy

UAE to introduce new gold import rules starting January

With up to $1.36m in fines for businesses in breach

UAE first in region in M&As in H1

$43.7 billion in total M&A values in the MENA

Worry about the mountain of debt too, not just inflation

Many countries at risk of declaring default on their debts

Strong dollar weighing down on indebted Türkiye

Turkish economy had long benefited from a stronger euro than the dollar