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Market

Gold slides from high of 14 weeks as stocks climb
Spot gold was down 1.6 per cent at $1,317.10 an ounce at 1142 GMT, on track for its biggest one-day loss in nearly seven weeks. US gold futures for August delivery were down $19.10 an ounce at $1,318.30.
Abu Dhabi shares hit one-month high
The Dubai Financial Market General Index rose 0.68 per cent at 4,610.67 points.
Gulf Navigation cuts capital, eyes new expansion
The companyís capital has been reduced to Dh551 million from Dh1.66 billion with the reverse stock split effectively creating one share for every three existing shares.
Brent hits new one-month low under $110
Brent crude for August delivery was at $109.58 a barrel by 1056 GMT, down 66 cents and just above a month low of $109.53 hit in the session.
Foreigners buy Dh4.2b of shares on DFM
The value of stocks sold by foreign investors over the last five days comprised 45.1 per cent of the total value of stocks traded during the period.
Equities hold at all-time high after bumper week
Oil and gold remain under pressure on Iraq and Ukraine unrest
Sensex logs first drop in five days, glitch mars trading
Profit-taking in recent outperformers like realty, oil and gas and power sector stocks was seen in volatile trade.
Global equities near fresh highs with eyes on US data
Oil falls towards $111 on possible agreement on Libyan ports
European shares set for weekly decline
Iraq, Ukraine worries and weak data weigh
ICD hopes to cap good year with $1b Pak sukuk mandate
The private sector arm of the Islamic Development Bank announced a flurry of initiatives this week and hopes to advise on the mandate for Pakistanís $1 billion Islamic bond, which would cap a landmark year for the Jeddah-based institution.
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