Posted inPLANET FINANCE

Move along, move along: It’s all ?here, folks

There’s nothing happening this morning on Planet Finance, ladies and gentlemen. Western markets were closed yesterday, as was the Korea Exchange. While traders will crawl out of bed and to their desks this morning, don’t expect much in the way of energy.

Asian markets are mixed this morning in what CNBC is calling “subdued” trading. Australia, New Zealand, and Hong Kong remain closed for Boxing Day. Shares in Korea and Shanghai are flat at dispatch time.

One thing to read: Meet “ The man preparing for a Berkshire Hathaway without Warren Buffett,” wherein the WSJ profiles Greg Abel, the Canadian former energy exec who is set to become Buffett’s successor when the now-93-year-old steps down.

That’s it, folks. That’s the best we can do for you today, and we don’t expect tomorrow to be much different. Enjoy the slowdown — you know it won’t last…

ADX

9,484

-0.1% (YTD: +7.1%)

DFM

4,018

-0.1% (YTD: +20.5%)

Nasdaq Dubai UAE20

3,766

-0.3% (YTD: -6.1%)

USD : AED CBUAE

Buy 3.67

Sell 3.67

EIBOR

5.2% o/n

5.3% 1 yr

TASI

11,813

+1.1% (YTD: +12.7%)

EGX30

24,227

+1.7% (YTD: +66.0%)

S&P 500

4,755

+0.2% (YTD: +23.8%)

FTSE 100

7,698

0.0% (YTD: +3.3%)

Euro Stoxx 50

4,521

-0.1% (YTD: +19.2%)

Brent crude

USD 79.07

-0.4%

Natural gas (Nymex)

USD 2.54

-2.8%

Gold

USD 2,066

-0.2%

BTC

USD 43,656

0.0% (YTD: +162.5%)

THE CLOSING BELL-

The DFM fell 0.1% yesterday on turnover of AED 115.28 mn. The index is up 20.5% YTD.

In the green: National International Holding Company (+14.9%), Al Salam Bank (+1.6%) and Tecom Group (+1.5%).

In the red: Takaful Emarat (PSC) (-4.5%), Shuaa Capital (-2.4%) and Al Firdous Holdings (-1.4%).

The ADX fell 0.1% yesterday on turnover of AED 885.87 mn. The index is down 7.1% YTD.

CORPORATE ACTIONS-

Buyback news: DFM trading Bahrain-based Al Salam Bank purchased 197.3k treasury shares on the Bahrain Bourse yesterday, raising its treasury share holdings to 49.9 mn, up from 49.7 mn, representing 1.9% of the issued share capital, according to a DFM disclosure, yesterday. The bank’s buyback program kicked off on 14 November, aiming to buy back 10% of its treasury shares.

Al Salam is not alone: Al Salam Bank isn’t the only company doing a lot of buybacks. GFH, Finance House and Amanat all want some of their shares back.