Tuesday 1 February 2011

MIDEAST DAYBOOK: Egypt Unrest; Qatar Trading Hours; NBAD Results - Bloomberg

Newly appointed Vice President Omar Suleiman reached out to opposition groups in a bid to end the unrest in Egypt as demonstrators urged a million people to take to the streets today and force President Hosni Mubarak from office. See {EXTRA } for more news on unrest in Egypt.

Qatar Exchange extends trading hours and changes the tick size for share movements from today. Trading will start 9:30 a.m. Doha time and close at 1 p.m.

Dubai Financial Market PJSC and the Qatar Exchange plan to move to a so-called delivery-versus-payment system this quarter as the bourses seek to boost their chances for inclusion in the MSCI Emerging Markets Index. Dubai plans to introduce short- selling as well as securities borrowing and lending this year.

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