Gulf Stocks

  Dubai / Reuters Gulf stock markets fell early on Monday after oil and Asian equities dropped because of the threat of a U.S. interest rate hike, while Dubai builder Drake & Scull declined sharply because of concern about its financial situation. Brent crude dropped back to just above $50 a barrel in Asian trade amid talk that a U.S. ...

  Bloomberg Saudi Arabian stocks joined gains across most Gulf equities after the kingdom said it would let foreign investors take part in initial public offerings, boosting overseas access to the Middle East’s largest exchange. The Tadawul All Share Index added 0.2 percent at 1:23 p.m. local time, its second straight advance. Abu Dhabi’s ADX General Index rose less than ...

  Reuters Gulf stock markets were narrowly mixed in quiet trade on Thursday as petrochemical shares supported Saudi Arabia’s index but Qatar pulled back after a surge this week due to hopes for inflows of foreign funds. The Saudi stock index closed 0.1 percent higher as the petrochemical sector’s sub-index gained 1.1 percent after Brent crude oil futures hit a ...

  Reuters Qatar’s main stock index moved little in early trade on Wednesday but other bourses in the Gulf edged lower as oil and global equities retreated. Doha’s index was flat after it rose 2.2 percent on Tuesday on expectations of fund inflows when index compiler FTSE promotes it to emerging market status next month. Qatar Insurance gained a further ...

  Bloomberg Qatar’s stock market led the Gulf higher early on Tuesday, boosted by a surge in blue chips such as Qatar National Bank (QNB), while Dubai tested technical resistance. The Qatari stock index climbed 2.1 percent as QNB, the country’s biggest bank, jumped 4.4 percent to 165.00 riyals in unusually heavy trade, rising above resistance on last September’s peak ...

  Reuters Stock markets in Dubai, Qatar and Egypt climbed to multi-month highs on Monday but Saudi Arabia was dragged lower by banking shares vulnerable to economic pressures due to low oil prices. Dubai’s index rose 1.0 percent to end at 3,602 points, just below technical resistance at its April peak of 3,605 points, as trading volume more than doubled ...

  Bloomberg Stock markets in Dubai and Qatar led an advance across most Gulf equities after oil, the region’s main source of income, posted the best week since April. Dubai’s DFM General Index advanced 1.2 percent, the biggest gain in almost a month, as Qatar’s QE Index added 0.9 percent. Bloomberg’s GCC 200 Index, a measure of the largest and ...

  DUBAI / Reuters Gulf stock markets were soft early on Thursday after oil prices and global bourses pulled back, while Saudi Arabia edged down despite the Saudi regulator’s announcement that it would ease restrictions on foreign investment sooner than expected. The Saudi index fell 0.3 percent in the first 75 minutes of trade with most banks and many second-tier ...

  DUBAI / Reuters Stock markets in Qatar and Egypt rose to fresh multi-month highs on Wednesday, following global bourses higher, but Saudi Arabia’s index pulled back as oil gave up some of its recent gains. Doha’s main index added 0.7 percent to 10,996 points, a new nine-month high. Stocks most exposed to foreign capital flows were among the top ...

DUBAI / Reuters Qatar’s main stock index outperformed its peers in early trade on Tuesday as emerging market funds continue to hunt for bargains there. Doha’s main index rose 0.7 percent as 11 of the 12 Qatari shares that are members of the MSCI emerging market index advanced. Petrochemical conglomerate Industries Qatar was up 2.2 percent and Qatar National Bank ...