Search
Close this search box.

July 16, 2024

Saudi Stock Market Index Closes Higher

The main Saudi stock index closed on Tuesday up 132.67 points, to close at 12,080.37 points, with trades worth SAR 7.2 billion.

The volume of shares traded reached 230 million shares, with the shares of 140 companies closed up and 73 companies closed…

Dollar Rises After Comments by Fed Chair on September Rate Cut

The dollar crept off five-week lows on Tuesday, as investors weighed the case for a September rate cut after comments by Fed Chair Jerome Powell.

The dollar index , which measures the US unit against six peers, was at 104.3.

The euro was at USD 1.08…

QIB Profits Surge 5.6% in H1 2024

Doha: The net profits of Qatar Islamic Bank (QIB) increased by 5.6 percent in the first half of 2024 to reach QR 2.065 billion, compared to QR 1.955 billion in the same period in 2023.

Basic earnings per share for the six months ending June 30, 2024,…

China’s Central Bank Pumps Over $94 Billion into Banking System

China’s central bank conducted 676 billion yuan (USD 94.77 billion) of seven-day reverse repos at an interest rate of 1.8 percent Tuesday.

The central bank said that the move aims to offset the impacts of tax period and keep liquidity reasonable and …

Kuwait Bourse Closes Lower

Kuwait Bourse closed Tuesday trading as the All Share Index lost 15.90 points to reach 7,101.66 points, a decrease of 0.22 percent.

As many as 128 million shares valued at KD 31.7 million (roughly USD 96.6 million) were traded.

The Main Market Index…