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Kuwait Times - - BUSINESS -

US dol­lar sta­ble against KD at 0.303

The ex­change rate of the US dol­lar was sta­ble against the Kuwaiti di­nar at 0.303, while the euro went up to reach KD 0.332 com­pared to Thurs­day’s rates, said the Cen­tral Bank of Kuwait (CBK) yes­ter­day. The CBK said that the rate of the Ster­ling Pound went down at KD 0.396, while the Swiss Franc rose to KD 0.306. The rate of the Ja­panese Yen was un­changed at KD 0.002.

Dubai Fi­nan­cial Mar­ket Q3 net profit drops 22%

Dubai Fi­nan­cial Mar­ket (DFM), the Gulf ’s only listed stock ex­change, re­ported a 22 per­cent fall in third-quar­ter net profit yes­ter­day. Net profit of 35.4 mil­lion dirhams ($9.6 mil­lion) in the three months to Sept. 30, down from 45.4 mil­lion dirhams a year ear­lier, it said in a state­ment. Dur­ing the first nine months of the year, value of trades on DFM was 91.2 bil­lion dirhams, down 31 per­cent from the same pe­riod of last year. Trad­ing com­mis­sions are the main source of in­come for DFM.

Qatar’s Ez­dan Hold­ing Q3 net profit flat

Qatar’s Ez­dan Hold­ing re­ported flat third-quar­ter net profit on Sun­day, ac­cord­ing to Reuters cal­cu­la­tions. Net profit of 363 mil­lion riyals ($99.7 mil­lion) in the three months to Sept. 30, ver­sus 364 mil­lion riyals a year ear­lier. Reuters cal­cu­lated based on fi­nan­cial state­ments in lieu of a quar­terly break­down. Ez­dan’s nine-month net profit 1.29 bil­lion riyals, up from 1.22 bil­lion riyals a year ago, a bourse state­ment said.

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