MARKETS

Company achieved a net profit of 2.5m Kuwaiti dinars last year

Net profit booked by companies listed on bourse grew 144.5% to Dh41.9b in 2017

A possible rate hike on May 2 from the US Federal Reserve won’t spoil the supportive sentiment

Health care company now one of 24 in region that boast of a market capitalisation above $10b

Traded value falls to Dh93m in Dubai, down from last week’s average of Dh250m

The rights issue will increase the bank’s capital to Dh6.589b from the earlier Dh4.94b

Banks were hit by liquidity shortage after oil price plunge

The company also dismissed Ali Fardan Ali Al Fardan and Mohammad Seif Darwish Ahmed Al Ketbi from its board

Investors are noticing interest rates again, with the 10-year Treasury yield again approaching 3 per cent

Rally supported by geopolitical tensions that Trump has exacerbated

Philadelphia Stock Exchange Semiconductor Index retreated for a third day

Dubai volumes at four-week low

Azimut, which runs the world’s second biggest sukuk fund, also plans partner with Al Mal Capital, Alfalah Investments for Mena and Pakistan funds

Trump may have to target cellphones, computers, toys, clothing and others — prompting price rises at US retailers

Strength in aviation and health care is shoring up confidence in the outlook for adjusted earnings, the company said