Latest news with #ShariahIndex
Zawya
3 days ago
- Business
- Zawya
Egypt: EGX ends Thursday's session in green zone
Arab Finance: The Egyptian Exchange (EGX) closed Thursday's trading session with a positive performance, with the EGX30 rising by 1.04% to 33,821.03 points. The Sharia-compliant index, EGX33 Shariah index, went up by 0.63% to 3,492.38 points. Both the EGX70 index as well as the EGX100 index also ended the session higher by 0.08% at 10,127.66 points and by 0.25% at 13,731.39 points, respectively. The turnover stood at EGP 4.472 billion through the exchange of 1.263 billion shares over 102,315 transactions, while market capitalization reached EGP 2.392 trillion. Retail investors took over 74.36% of the total trading, while the institutions represented the remaining 25.63%. Egyptian investors controlled 86.17% of trading transactions, whereas Arab and foreign traders accounted for 4.57% and 9.25%, respectively. Arab investors were net sellers with EGP 100.296 million. The Egyptian and foreign traders were buyers with EGP 60.874 billion and EGP 39.422 million, respectively. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
6 days ago
- Business
- Zawya
Egypy: EGX ends Monday's session in green zone
Arab Finance: The Egyptian Exchange (EGX) closed Monday's trading session with a positive performance, with the EGX30 rising by 2.04% to 33,727.44 points. The Sharia-compliant index, EGX33 Shariah index, went up by 1.03% to 3,483.32 points. Both the EGX70 index as well as the EGX100 index also ended the session higher by 0.89% at 10,196 points and by 1.21% at 13,787.99 points, respectively. The turnover stood at EGP 4.594 billion through the exchange of 1.431 billion shares over 110,184 transactions, while market capitalization reached EGP 2.382 trillion. Retail investors took over 75.29% of the total trading, while the institutions represented the remaining 24.70%. Egyptian investors controlled 88.26% of trading transactions, whereas Arab and foreign traders accounted for 6.1% and 5.65%, respectively. Foreign investors were net sellers with EGP 12.500 million. The Egyptian and Arab traders were buyers with EGP 10.719 billion and EGP 1.780 million, respectively. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
BusinessToday
25-06-2025
- Business
- BusinessToday
KLCI Kicks Off With A Climb As Bulls Take Charge
Bursa Malaysia opened on a positive note today, with the benchmark FBM KLCI climbing 8.84 points to 1,523.13 as of 9.18am, supported by gains across broader indices and steady investor sentiment. The FBM 70 advanced 134.88 points to 16,213.86 while the FBM Emas improved by 71.72 points to 11,359.75. The Shariah Index (FBMSHA) rose 70.65 points to 11,294.80, and the F4GBM ESG Index gained 5.83 points to 918.42, reflecting broad-based optimism in the market. Among the most actively traded stocks, Nexgram Holdings led the volume chart, rising 1 sen to 36.5 sen on 147.2 million shares traded. Magma Group followed, gaining 1 sen to 48.5 sen with 61.8 million units changing hands. Meanwhile, RL slipped 2 sen to 29 sen, and CKI fell 3 sen to RM1.05. MYEG edged up half a sen to 92.5 sen. The market sentiment appeared buoyant, with more advancers than decliners at the opening bell, in line with regional peers and improved overnight cues from global markets. Related
BusinessToday
03-06-2025
- Business
- BusinessToday
Bursa Malaysia Ends Lower As Key Indices Slip, FBMKLCI Closes At 1,503.25
Bursa Malaysia closed in negative territory on Tuesday, with the benchmark FBM KLCI falling 5.10 points or 0.34% to end at 1,503.25. The index traded between 1,497.42 and 1,514.12 throughout the day. Broad-based declines were seen across major indices. The FBM 70 dropped 59.35 points (-0.37%) to 16,142.16, while the FBM Emas fell 45.35 points (-0.40%) to settle at 11,254.45. The Shariah Index (FBM Shariah) ended the day 46.11 points lower at 11,210.15, and the FTSE4Good Bursa Malaysia Index (F4GBM) eased 3.02 points to 907.96. Among the most active stocks were Permaju which slid to 1 sen with over 396 million shares traded, ICT Zone flat at 20 sen with 385 million shares traded, and Tanco unchanged at RM1 with 375 million shares moved. Decliners outpaced gainers as cautious sentiment prevailed ahead of key global economic data and central bank meetings. Related
Al Bawaba
17-04-2025
- Business
- Al Bawaba
Markaz Market Maker Desk Solidifies Leadership with Strong 2024 Performance
Kuwait Financial Centre 'Markaz' has reinforced its financial market leadership through the exceptional performance of its Market Maker Desk in 2024. The desk successfully traded KD 762 million, accounting for 33.4%, on average, of the total trading value within the market maker portfolio, and representing 5.1% of the total market trading value on Boursa Kuwait. These results highlight Markaz's expertise in market making and its ability to drive liquidity, enhance market efficiency, and create tangible value for a diverse range of blue chip and small-sized companies. With a diversified portfolio encompassing 15 listed companies across various sectors, Markaz continues to lead among Kuwait's largest market 2024, Markaz played a leading role in maintaining or securing Premier Market positions for 10 listed companies in Kuwait. Two additional companies, Combined Group Contracting Co. and Al Eid Food Co., also entered the watchlist for Premier Market eligibility. These achievements demonstrate the effectiveness of Markaz's market-making strategies in strengthening the market positioning of its portfolio by deep sectoral expertise and advanced trading infrastructure, Markaz is one of the largest market-making desks in Kuwait. The company continues to lead in providing financial solutions that enhance stability, price discovery, and overall trading activity. Markaz was also among the first financial institutions in Kuwait to obtain a Market Maker license from the Capital Markets Authority (CMA), reflecting its commitment to fostering a well-functioning and liquid financial market. The company's approach to market making is rooted in a data-driven strategy that ensures listed companies meet liquidity requirements for Premier Market status while simultaneously contributing to a dynamic and efficient trading Azzam B. Al-Otaibi, Assistant Vice President, MENA Equities at Markaz said: 'We are proud to be among the first financial institutions to obtain a Market Maker license from Kuwait's Capital Market Authority (CMA). Today, our market maker portfolio comprises of a diverse set of 15 companies across different segments of Boursa Kuwait, 10 of which are listed on the Premier Market. Over the past year, we have played a key role in supporting consistent trading activity and enhancing overall trading efficiency across our portfolio.'Mr. Al-Otaibi added: 'Market making continues to have a profound impact, not only on local investors and the Kuwaiti market but also on the international stage. Increased trading activity has helped position companies in our portfolio for inclusion in key global indices, such as the FTSE Emerging Markets Index and the KIA Shariah Index, further reinforcing Kuwait's position in the global financial landscape.'With over 50 years of leadership in financial services, Markaz has consistently been at the forefront of investment banking and asset management in the region. The company has pioneered a range of innovative financial products and services, including Mumtaz, Kuwait's first domestic mutual fund; MREF, the first real estate investment fund in Kuwait; and Forsa Financial Fund, the first options market maker in the GCC since 2005. Markaz also launched the GCC Momentum Fund, the first passive fund of its kind in Kuwait and the wider GCC, which was awarded Best Momentum Fund Innovation by Global Finance in its first year. Its commitment to excellence and strategic market-making expertise continues to support the growth and development of Kuwait's capital markets, reinforcing its reputation as a leader in financial innovation. As Kuwait's capital markets evolve, Markaz remains committed to expanding its market-making role and empowering listed companies with the tools needed to thrive in a competitive financial environment. Markaz's role as market maker is based on its firm belief in the importance of this tool on the financial markets and the shares of listed companies. The market maker service aim to create a balance between supply and demand, bridge the gap between the buying and selling prices, thus narrowing down bid-ask spreads to enhance trading efficiency. Market making can positively affect companies' borrowing costs, and aids in price discovery. Market making services also support the overall development of the Kuwaiti economy by motivating companies to list their shares on the national stock exchange.
