Daily Archives: December 29, 2015

Kuwait Stock Exchange ends trading in red zone

KUWAIT, Rabi’I 18, 1437, December 29, 2015, SPA — The trading at Kuwait Stock Exchange (KSE) ended in the red zone Tuesday with the price index going down by 44.6 points to settle at 5,586 points.
The weighted and KSX 15 indices also went down by 1.03 and 2.18 points respectively.
Value of shares was at KD 9.16 million with the volume being at 119.7 million shares done through 2,752 deals.
–SPA
15:43 LOCAL TIME 12:43 GMT
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Muscat Securities Market Loses 5 Points

Muscat, Rabi’I 18, 1437, December 29, 2015, SPA — Muscat Securities Market (MSM) general index (30) today lost (5.4) points, comprising a decline by (0.10%) to close at (5429.36) points, compared to the last session, which stood at (5434.74) points.

The trading value today stood at (RO 3,086,534), comprising a decline by (21.5%) compared to the last session, which stood at (RO 3,930,396).

The report released by MSM pointed out that the market value declined by (0.06%) to reach about (RO 15.80) billion.
–SPA
15:43 LOCAL TIME 12:43 GMT
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Dr. Hashem Yamani receives Saudi Ambassador to Japan

Riyadh, Rabi’I 18, 1437, December 29, 2015, SPA — The President of King Abdullah City for Atomic and Renewable Energy Dr. Hashem bin Abdullah Yamani received at his office here today Saudi Ambassador to Japan Ahmed Bin Younis Al-Barrak.

During the meeting, they discussed ways of cooperation between the Kingdom of Saudi Arabia and Japan with regard to renewable energy, its development and uses, along with some agreements concluded by the Kingdom with Japan in the field of energy.
–SPA
13:44 LOCAL TIME 10:44 GMT
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Samba Financial Group distributes SR 1134 million profits to shareholders

Riyadh,18 Rabi’I,1437 AH, 29 December,2015 , SPA — Samba Financial Group’s Board of Directors has recommended the General Assembly to distribute SR 1134 million as profits for the second half of 2015, an amount of 45 “halalas” per share representing 4.5% of the nominal value of a share.
The group said in a statement published on the Saudi Stock Exchange “Tadawul” site today that the bank’s capital was increased to SR 20 billion.
— SPA
13:18 LOCAL TIME 10:18 GMT
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Asian shares make modest gains, capped by weak oil prices

Tokyo, 18 Rabi’I,1437 AH, 29 December,2015 , SPA — Asian shares rose modestly on Tuesday, shrugging off early losses, though worries over China’s slowdown and tumbling oil prices are overshadowing thin year-end trading, AP reported.
Japan’s Nikkei 225 stock index rose 0.5 percent to 18,970.43 and Hong Kong’s Hang Seng added 0.3 percent to 21,990.99. South Korea’s Kospi was 0.1 percent higher at 1,965.81 and the Shanghai Composite Index gained 0.2 percent to 3,539.87. Australia’s S&P/ASX 200 gained 1.0 percent to5,259.00. Shares in New Zealand were higher, Taiwan fell and Southeast Asian shares were mixed.
Oil prices rebounded slightly Tuesday after falling over 3 percent on Monday in New York.
— SPA
12:07 LOCAL TIME 09:07 GMT
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XCMG’s Construction Machinery on Track to Support China-Thailand Railway Project

BANGKOK, Dec. 29, 2015 / PRNewswire — Global construction and mining equipment manufacturer XCMG joined the official launching ceremony of the China-Thailand railway project that was held at Chiang Rak Noi Station in central Thailand’s Ayutthaya province on December 19. The high-speed railroad project spanning 845 kilometers through 10 provinces in Thailand will allow trains […]

European shares propped up by firmer financial stocks

LONDON, Rabi’I 18, 1437, December 29, 2015, SPA — European shares climbed higher on Tuesday, lifted by firmer financial stocks, Reuters reported.

The pan-European FTSEurofirst 300 index rose 0.6 percent while the euro zone’s blue-chip Euro STOXX 50 index advanced 0.9 percent.

Deutsche Bank rose 1.2 percent following its move to sell its 20 percent stake in China’s Hua Xia Bank to insurer PICC Property and Casualty Co for up to 25.7 billion yuan ($4 billion).
–SPA
12:02 LOCAL TIME 09:02 GMT
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The Capital Market Law Prohibits Violating Acts in the Stock Exchange, Refers Violators to Bureau of Investigation and Public Prosecution 2 Riyadh

Article (49) of the Capital Market Law considered any person in violation of this Law if he intentionally does any act or engages in any action which creates a false or misleading impression as to the market, the prices or the value of any Security for the purpose of creating that impression or thereby inducing third parties to buy, sell or subscribe for such Security or to refrain from doing so or to induce them to exercise, or refrain from exercising, any rights conferred by such Security.
CMA announced earlier this year that pursuant to the Royal Order No. (4690) and dated 6/2/1435 which states transferring the jurisdictions of the related parties and committees in relation to the investigation and prosecution of criminal offences to the Bureau of Investigation and Public Prosecution, an agreement was made with the Bureau of Investigation and Public Prosecution and the jurisdiction to investigate the violations of Articles (31),(49) and (50) of the Capital Market Law and the public prosecution of them was transferred to the Bureau of Investigation and Public Prosecution starting from 26/01/1436H.
The Capital Market Law stated in clause (c) of Article (57) that in addition to the penalties and financial compensation provided for under this Law, the Committee for the Resolution of Securities Disputes may, based on a claim filed by CMA, punish the persons who violate Articles 49 and 50 with imprisonment terms not exceeding five years.
–SPA
11:52 LOCAL TIME 08:52 GMT
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