Gulf Stocks

  Reuters Most Gulf stock markets edged up on Tuesday although trading volumes were generally low, while Emaar Malls jumped in Dubai after the company appeared to lose a contest with Amazon.com to acquire Middle Eastern online retailer Souq.com. Emaar Malls added 3.6 percent, outperforming Dubai’s stock index, which dropped 0.2 percent. The company’s shares had dropped 2.8 percent in ...

  Reuters Kuwait’s stock exchange will introduce a new equities benchmark next year after completing a reorganization of its listed companies into new market categories, the bourse’s chief executive officer said. Boursa Kuwait, as the exchange is known, will group companies in segments according to criteria including market capitalization and average daily traded volume as part of a program to ...

  Reuters Middle East stock markets were mixed in mostly thin trade on Sunday, with Saudi Arabia giving up early gains triggered by progress in reforms that could help it to join MSCI’s emerging market index. The Saudi index rose as much as 0.5 percent in early trade but closed 0.1 percent down in its thinnest volume since last September. ...

  DUBAI / Reuters Most stock markets in the Gulf made small gains on Thursday, recovering some of the week’s losses, but trading volumes remained very low. Egypt rebounded as foreign funds bought shares there. The Saudi stock index climbed 0.7 percent as the petrochemical sector regained some of the previous session’s heavy losses, after Brent oil bounced from a ...

DUBAI / Reuters Major stock markets in the Middle East fell on Wednesday, following international bourses lower as crude oil prices traded down near $50 a barrel, but Kuwait jumped in heavy trading by local retail investors. The Saudi Arabian index lost 1.2 percent in low turnover, with all but one of the 14 petrochemicals makers falling by at least ...

  DUBAI / reuters Gulf stock markets were mostly higher on Tuesday, buoyed by firm global equities, although trading volumes were generally thin and the Egyptian bourse fell on profit taking. Abu Dhabi was the top performer, climbing 1.2 percent on strong banking shares, with National Bank of Abu Dhabi up 1.9 percent. Aldar Properties rose 1.3 percent after its ...

  Reuters Stock markets in the Middle East were mixed on Monday with petrochemicals and the insurance sector weighing on Saudi Arabia while Qatar rose as it completed its upgrade by index compiler FTSE Russell to secondary emerging market status. The Saudi index fell 0.5 percent with the main drag coming from the petrochemical sector as Brent oil futures fell ...

  Reuters Stock markets in the Middle East diverged on Sunday with the insurance sector boosting Saudi Arabia and a depreciating currency lifting export and real estate shares in Egypt, while blue chips weighed on the United Arab Emirates and Qatar. Saudi Arabia’s index added 0.5 percent as the insurance sector surged. All but three of the 35 listed insurers ...

  Bloomberg Middle Eastern stock markets rose on Thursday, led by Egypt, after the US Federal Reserve hiked interest rates as expected but signalled no acceleration in the pace of monetary tightening. But Gulf bourses lagged emerging markets in general because of concern that low oil prices and government austerity measures will continue to weigh on corporate earnings. Among planned ...

  DUBAI / Reuters Gulf stock markets were mixed on Wednesday but Saudi Arabia was boosted by banks after credit rating agency Moody’s raised its outlook for the kingdom’s banking system to “stable” from “negative”. The Saudi stock index climbed 0.7 percent as 11 of the 12 listed banks gained, with the biggest, National Commercial Bank, rising 2.4 percent. “Saudi ...