Gulf Stocks

DUBAI / Reuters Gulf stock markets were mixed on Tuesday with a retreat by Shuaa Capital helping to dampen Dubai while the success of the Kuwait government’s debut international bond issue buoyed that market. The Dubai index fell 0.9 percent as Shuaa dropped 4.2 percent. It had risen more than 18 percent to a seven-year high in the previous two ...

  DUBAI / Reuters Speculation over a possible merger between Dubai-based Shuaa Capital and Bahrain’s GFH Financial spurred heavy turnover in their shares on Monday, while the banking and insurance sectors dragged the Saudi Arabian stock index lower. Shuaa climbed 3.2 percent to a seven-year closing high of 1.93 dirhams, bringing its gains to 18.4 percent since Sunday. The Dubai-listed ...

  DUBAI / Reuters Major Gulf stock market indexes mostly closed lower on Sunday after oil prices plunged at the end of last week to a three-month low, but shares in Dubai’s Shuaa Capital and Saudi Arabia’s Bank Aljazira surged in response to company-specific news. Saudi Arabia’s index dropped 1.2 percent as the share prices of all 14 listed petrochemical ...

  DUBAI / Reuters Most major Gulf stock markets were pulled down on Thursday by a 5 percent overnight slide in oil prices, while Abu Dhabi was hit particularly hard as heavyweights First Gulf Bank and National Bank of Abu Dhabi traded ex-dividend. Abu Dhabi’s stock index dropped 2.9 percent as First Gulf Bank tumbled 8.7 percent and National Bank ...

  DUBAI / Reuters Most Gulf stock markets were weak on Wednesday as another slide in Doha Bank pulled down Qatar, but Dubai rose on the back of gains in a few stocks. The Dubai index climbed 0.8 percent, bouncing from a 10-week low, although gaining stocks only marginally outnumbered losers by 15 to 14. The index has closed lower ...

  DUBAI / Reuters Most Gulf stock markets fell on Tuesday as blue chip Emaar Properties pulled down Dubai and stocks going ex-dividend hit Qatar, although Saudi Arabia closed marginally higher. Dubai’s index slipped 1.5 percent as Emaar lost 3.8 percent after it proposed a cash dividend of 15 percent for 2016, unchanged from the previous year despite a 28 ...

  DUBAI / Reuters Stock markets in the Gulf closed with mixed fortunes on Monday, with a rebound by financially troubled builder Arabtec boosting Dubai while Barwa Real Estate pulled down Qatar as the company went ex-dividend. Dubai’s index added 0.4 percent as Arabtec , the most heavily traded stock, surged 6.4 percent on the three-year recovery plan outlined by ...

  DUBAI / Reuters Most Gulf bourses fell in light trade on Sunday, with Dubai’s index dropping below technical support while Egypt continued to firm on the news that authorities would tax stock market transactions only gradually. Saudi Arabia’s index lost 0.7 percent, with about 70 percent of stocks dropping. Most petrochemicals shares fell, including a 1.8 percent decline for ...

  DUBAI / Reuters Egypt’s stock market rose sharply on Thursday after the finance minister said he would propose only a gradual introduction of a stamp duty on transactions, while stocks going ex-dividend dragged down Dubai. The Egyptian index climbed 2.6 percent as blue chip Global Telecom jumped 7.6 percent. Amr al-Garhy told Reuters on Wednesday that he would propose ...

  DUBAI / Reuters Trading volumes in Middle Eastern stocks were light on Wednesday, with relatively modest moves and regional markets taking different directions. Qatar’s index rebounded 0.5 percent after dropping 2.2 percent in the previous session. All but one of the six banks rose with Commercial Bank, the top gainer, jumping 2.3 percent. Abu Dhabi’s index added 0.4 percent ...