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Sharjah Islamic Financial Services, a subsidiary of Sharjah Islamic bank offers its customers and investors a wide range of Islamic Sharia compliant trading tools to allocate, select and manage investments and wealth. Head quartered in Sharjah Expo Centre, in a modern state-of-the-art office building with all the advanced technological infrastructure necessary to conduct smooth business, SIFS offers right ambience and a professional environment. As a commitment to provide high quality services to our clients strict Islamic Sharia principles are adhered-to all processes and practices, which in turn gives SIFS a competitive advantage over other firms who are also offering similar kind of services.
Saudi Research and Marketing Group shares gain as 2011 net profit soars After more than two weeks of non-stop rising, the Saudi Arabian Tadawul index declined 0.30% Monday, ending at 6,738.91 points. Petrochemicals producer Sabic, the Saudi market indicator, fell by a quarter percent, to close at SR95.25. Shares of Saudi Research and Marketing Group or SRMG advanced 0.70% to reach SR21.55. Earlier in the day, SRMG said its net profit amounted to SR100.3m compared to SR84.4m for the previous year, representingan increase of 18.8%. The firm named three key reasons for the profit increase: "Firstly, advertising revenue growth by 5.6% over the last year. Secondly, the growth achieved in the education revenues by 39.1% over the last year. Thirdly, the profit increase achieved during the 4th quarter includes capital gains from the sale of the Groups share in Intigral investment, which amounted to 13.5 million riyals."
After more than two weeks of non-stop rising, the Saudi Arabian Tadawul index declined 0.30% Monday, ending at 6,738.91 points. Petrochemicals producer Sabic, the Saudi market indicator, fell by a quarter percent, to close at SR95.25. Shares of Saudi Research and Marketing Group or SRMG advanced 0.70% to reach SR21.55. Earlier in the day, SRMG said its net profit amounted to SR100.3m compared to SR84.4m for the previous year, representingan increase of 18.8%. The firm named three key reasons for the profit increase: "Firstly, advertising revenue growth by 5.6% over the last year. Secondly, the growth achieved in the education revenues by 39.1% over the last year. Thirdly, the profit increase achieved during the 4th quarter includes capital gains from the sale of the Groups share in Intigral investment, which amounted to 13.5 million riyals."
Banks, real estate firms weigh on Kuwait bourse The Kuwait Stock Exchange (KSE) Market Index fell by 0.30% Monday, closing at 5,840.2 points. Al-Safat Investment Co. posted the largest decline, falling by 7.5%. The banking segment and the developers index lost the most among the sector indexes. However, Real Estate Trade Centers or Marakez gained the most (up 10%).
The Kuwait Stock Exchange (KSE) Market Index fell by 0.30% Monday, closing at 5,840.2 points. Al-Safat Investment Co. posted the largest decline, falling by 7.5%. The banking segment and the developers index lost the most among the sector indexes. However, Real Estate Trade Centers or Marakez gained the most (up 10%).
Qatar National Bank, Doha Bank advance on bullish prospects for domestic financing market The Qatar Exchange (QE) 20 Index ended even at 8,726. 37 points as market heavweight Industries Qatar slipped 0.44%. The country's largest lender Qatar National Bank and retail giant Doha Bank added 0.40% and 1.40%, respectively. Earlier in the day H.E. Abdulla Bin Saoud al-Thani, Governor Qatar Central Bank said in a speech at the MEED Qatar Projects Conference in Doha: "At the end of 2011, total assets of the countrys commercial banks grew by 22.3% to $190.6bn in 2011 from 2010 while customer deposits increased by more than 18.5% to $100 billion, he said. Meanwhile credit facilities to customers rose by 28.2% to $103.5bn." According to delegates attending the conference, the governor's speech was a vote of confidence in the country's ability to finance more than $100 billion worth of projects to be completed, to realise the 'Qatar 2030 vision'.
The Qatar Exchange (QE) 20 Index ended even at 8,726. 37 points as market heavweight Industries Qatar slipped 0.44%. The country's largest lender Qatar National Bank and retail giant Doha Bank added 0.40% and 1.40%, respectively. Earlier in the day H.E. Abdulla Bin Saoud al-Thani, Governor Qatar Central Bank said in a speech at the MEED Qatar Projects Conference in Doha: "At the end of 2011, total assets of the countrys commercial banks grew by 22.3% to $190.6bn in 2011 from 2010 while customer deposits increased by more than 18.5% to $100 billion, he said. Meanwhile credit facilities to customers rose by 28.2% to $103.5bn." According to delegates attending the conference, the governor's speech was a vote of confidence in the country's ability to finance more than $100 billion worth of projects to be completed, to realise the 'Qatar 2030 vision'.
Profit booking hits NASDAQ Dubai-listed shares The FTSE NASDAQ Dubai UAE 20 Index closed at 1519.59 up 0.15%, from the previous close. Bellwether Dubai Ports (DP) World was the most liquid stock and fell half a per cent to hit $10.95. Jewelry trader and retailer Damas lost 2.70% and interior design firm Depa Limited plummeted 5.26%. Some 2.175m shares were traded at the NASDAQ Dubai.
The FTSE NASDAQ Dubai UAE 20 Index closed at 1519.59 up 0.15%, from the previous close. Bellwether Dubai Ports (DP) World was the most liquid stock and fell half a per cent to hit $10.95. Jewelry trader and retailer Damas lost 2.70% and interior design firm Depa Limited plummeted 5.26%. Some 2.175m shares were traded at the NASDAQ Dubai.
Industry shares, consumer staples weigh on Abu Dhabi market measure The ADX General Index ended off 0.10% at 2,475 Monday. Real estate bellwether Aldar Properties found out of the valley of tears in recent weeks and gained today 1.04% to reach Dhs0.96. Sorouh Real Estate, RAK Properties and Dana Gas closed unchanged. Gulf Cement Co. dived 5.90%, finishing at Dhs0.96. Almost 85m shares were traded, valued at Dhs98.5m.
The ADX General Index ended off 0.10% at 2,475 Monday. Real estate bellwether Aldar Properties found out of the valley of tears in recent weeks and gained today 1.04% to reach Dhs0.96. Sorouh Real Estate, RAK Properties and Dana Gas closed unchanged. Gulf Cement Co. dived 5.90%, finishing at Dhs0.96. Almost 85m shares were traded, valued at Dhs98.5m.
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