Gulf Stocks

Reuters Gulf stocks were mixed on Tuesday, with the Saudi market up on steady oil prices. Outside of the Gulf, Egypt’s index continued to climb, reaching an all-time high as it benefits from the central bank’s decision to cut interest rates in February, the first time it has done so since letting the currency float freely in 2016. The Egyptian ...

Reuters Gulf stock markets were mixed at Sunday’s close, with Abu Dhabi and Dubai ending the day in a narrow range, while the Saudi stock market dropped 0.57 percent, amid weakness in energy and financial stocks. The Gulf market took little respite from a rise in oil prices and a rebound for Wall Street stocks on March 2 and following ...

Reuters A wave of buying in beaten down blue-chip stock Emaar Properties boosted the Dubai market on Wednesday while most of the region traded quietly in modest volumes. Dubai’s index firmed by 0.5 percent, but remains the Gulf’s worst-performing index this year with a decline of 2.5 percent, partly because of a sustained slump in the emirate’s real estate market. ...

Reuters Major Gulf stock markets softened on Tuesday, in line with a small pull-back by global bourses and oil prices, but Egypt was buoyed for a second day by strength in its biggest bank. The Saudi stock index rose in early trade but closed 0.3 percent down as Saudi British Bank fell 2.2 percent after reporting a 16.3 percent rise ...

Reuters Gulf stock markets were sluggish on Monday, with a dividend cut pulling down major Abu Dhabi-listed financial firm Waha Capital, but Egypt’s bourse rose on the back of a gain by its biggest bank. Equities in the Gulf rallied along with oil late last year and Saudi Arabia saw its largest-ever inflow of equity funds last month. But Brent ...

ABU DHABI / Reuters The Nasdaq Dubai exchange launched equity index futures on Sunday for the main indexes of Dubai Financial Market and the Abu Dhabi Securities Exchange, a top official said. The new instruments could help to attract fresh money to the exchanges by giving investors more opportunity to hedge. Nasdaq Dubai began trading single-stock futures for shares in ...

DUBAI / Reuters Gulf stock markets appear to have few fresh positives on Wednesday and may consolidate in sluggish trade, with Dubai dampened by earnings and dividend news from several companies. MSCI’s broadest index of Asia-Pacific shares outside Japan is up 0.7 percent but trading is tentative ahead of US inflation news later in the day, while Brent oil is ...

DUBAI / Reuters Dubai’s stock market rose in early trade on Tuesday after Emaar Malls and Aramex reported strong earnings, but most of the Gulf was quiet, gaining little momentum from the rise of Wall Street and other global markets. The Dubai index added 1.0 percent as Emaar Malls , the emirate’s flagship mall operator, rose 3.1 percent after reporting ...

DUBAI / Reuters A rebound in global equity markets may lift stock markets in the Gulf on Tuesday. Wall Street’s three main indexes surged well over 1 percent on Monday, and MSCI’s broadest index of Asia-Pacific shares outside Japan is up 1.2 percent on Tuesday morning. Brent oil has not recovered much, however, standing at $62.95 per barrel. In Egypt, ...

Reuters Most Middle Eastern stock markets fell on Monday in line with a weak global trend, with Saudi Arabia seeing profit-taking in cement shares, but Egypt rose on the back of several blue chips, The region had already dropped on Sunday in response to Wall Street’s plunge on February 2, so Gulf markets far outperformed other bourses in Asia, where ...