Gulf Stocks

  Reuters Saudi Arabia’s stock market gave up early gains by the close on Tuesday as oil prices pulled back, while other Gulf bourses were mixed. Profit-taking pulled Egypt’ market lower after big gains this month. The Saudi index has soared over 25 percent — almost entirely erasing its losses this year — since the government’s $17.5 billion international bond ...

  Reuters Strength in second-tier stocks favoured by local retail investors boosted Saudi Arabia’s stock market on Monday, while foreign buying helped Egypt partially rebound from a drop on Sunday and most other Middle East bourses fell. Saudi Arabia’s index climbed 0.9 percent to 6,904 points, rising above major technical resistance on its April peak of 6,876 points. A second ...

  Bloomberg Most Gulf stocks rose as investors weighed the prospect of a deal between oil producers to cut supply, potentially shoring up prices of the region’s biggest export. Saudi Arabia’s Tadawul All Share Index was among the biggest gainers, climbing a fourth day. Dubai’s DFM General Index, Kuwait’s SE Price Index and Abu Dhabi’s ADX General Index also advanced. ...

  DUBAI / Reuters Egypt’s stock index slipped from a multi-year peak on Thursday while shares in the Gulf were mixed with Saudi Arabia’s market swinging in volatile, heavy trade but ending the week on a firm footing. Cairo’s index of the 30 most actively traded shares dropped 1.7 percent to 11,353 points, falling from a strong technical barrier at ...

  DUBAI / Reuters Saudi Arabia’s index firmed on Wednesday as blue chips resumed their climb and the positive mood flowed into other Gulf bourses, carrying them higher. Egypt’s market edged up, holding near an 8-year peak as foreign funds remained aggressive buyers. Riyadh’s index bounced 3.0 percent to 6,796 points, closing 93 points over technical resistance at the July ...

  DUBAI / Reuters Saudi Arabian stocks rebounded on Tuesday as oil prices hit a one-month high, outperforming other stock markets in the Gulf where traders booked profits. Egypt’s main index pulled back but foreign buyers continued to hunt for bargain buys, lifting the broader index. Saudi Arabia’s general market index rose 1.6 percent to 6,602 points, heading back towards ...

  DUBAI / Reuters Stock markets in the Gulf diverged on Monday with Saudi Arabia’s index cooling for a third session as investors book profits on lofty prices while Abu Dhabi rebounded slightly. Egypt hit yet another 8-year high as foreign investors continued to reprice equities as the local currency weakened against the U.S. dollar. Riyadh’s main index fell 1.1 ...

  DUBAI / Reuters Abu Dhabi’s banks were mixed in early trade on Thursday after soaring on Wednesday amid renewed speculation the government would merge more banks. Saudi banking shares were weak. Union National Bank lost 1.1 percent after jumping 12.3 percent on Wednesday. Abu Dhabi Commercial Bank was flat after it gained 5.8 percent. Abu Dhabi Islamic Bank pulled ...

  Reuters Abu Dhabi bank shares surged on Wednesday because of renewed speculation that the government might merge more banks as part of an efficiency drive, while other regional markets rebounded, encouraged by strong global bourses and oil prices. The Abu Dhabi index jumped 2.6 percent, its largest single-day gain since June, but trading volume continued to decline from a ...

  Reuters Stock markets in Saudi Arabia and Egypt continued pulling back on Tuesday after big rallies earlier this month, while some individual stocks in the United Arab Emirates and Qatar moved sharply after MSCI adjusted its indexes. The Saudi index, which had jumped 22 percent between mid-October and Sunday before profit-taking began on Monday, dropped 2.1 percent to 6,493 ...