Gulf Stocks

DUBAI / Reuters Qatar’s stock index edged up on Wednesday as foreign ministers of four Arab states prepared to meet to consider sanctions against Doha. A deadline for Qatar to comply with a list of demands made by the states expired overnight. Doha has submitted replies to mediator Kuwait that have not been disclosed. Doha has shown no sign of ...

DUBAI / Reuters Qatar’s stock slumped on Sunday as a deadline for Doha to accept a series of political demands by four Arab states was expected to expire late in the day with no sign of the crisis ending while Saudi Arabia’s rally extended for a third session. Qatari Foreign Minister Sheikh Mohammed bin Abdulrahman al-Thani said at the weekend ...

Bloomberg You wait for a Saudi market catalyst, and then three come along at once. Saudi Arabia’s Tadawul All Share Index rose 2.3 percent at 10:12 a.m. in Riyadh as traders embraced a trio of key announcements. Hours after global index provider MSCI Inc. opened the way for Saudi Arabian stocks to be included in its gauges, ruler King Salman ...

Abu Dhabi / WAM For the third straight session and despite a profit booking spree involving blue-chips that hit record highs over the past few days, UAE stock markets continued their positive streak on Wednesday, driven by a bullish performance at the real estate sector. DFM General Index climbed 0.27 percent to close at 3,450 points led by a good ...

Bloomberg Investors in Qatari stocks, bonds and currency forwards were saddled with losses last week as the country was thrust into the epicenter of an unprecedented spat with its neighbors. The country’s stock market had shrank by about $11 billion in value, the most since 2010, after Middle Eastern countries including Saudi Arabia and the United Arab Emirates cut ties ...

Bloomberg As an unprecedented diplomatic crisis spreads through the Gulf with Qatar at its center, one thing is certain: the country’s stock market has become the world’s most volatile. It’s difficult for investors to assess the impact to the country’s $135 billion stock market as the disagreements mark an unprecedented low in the relationship between the Arab countries, in particular ...

Bloomberg Investors schooled in the diplomatic ups and downs between Qatar and other Arab nations say there’s no reason for panic. The Gulf nation’s equities plummeted the most since 2009 as four Arab nations push to isolate Qatar for its ties to Iran. If history is any guide, the tensions won’t have a lasting impact on the country’s financial assets. ...

Bloomberg Qatar’s markets received a battering as four of the country’s Middle East neighbors cut ties in a row over its stance on Iran and extremists. The nation’s dollar bonds tumbled and contracts used to bet the Qatari riyal will weaken the most since 2009. More than four times the daily average of shares changed hands on the key stock ...

Bloomberg Saudi Arabia’s net foreign assets dropped below $500 billion in April for the first time since 2011 even after the kingdom raised $9 billion from its first international sale of Islamic bonds. The Saudi Arabian Monetary Authority, as the central bank is known, said its net foreign assets fell by $8.5 billion from the previous month to about $493 ...

Reuters Major Gulf stock markets weakened on Wednesday, with amusement park operator DXB Entertainments (DXBE) continuing to drag down Dubai while banking shares lif- ted Egypt in the wake of Sunday’s interest rate hike. DXB Entertainments slid by 3.1 percent to 0.782 dirhams, its lowest level since early 2015. The stock has tumbled 40 percent this year on low attendance ...