Gulf Stocks

  DUBAI / Reuters Gulf stock markets may have a firm tone as emerging market funds continue to hunt for bargains. Bank of America Merrill Lynch data released at the end of last week noted investors’ search for yield had led to the largest five-week inflow on record to emerging market debt funds and the longest inflow streak to equity ...

  DUBAI / Reuters The Nasdaq Dubai exchange will open an equity futures market next month to trade single-stock futures on the shares of some of the United Arab Emirates’ biggest companies, the bourse’s chief executive said on Monday. The introduction of stock futures could be a major development for equity markets in the UAE, where short-selling is restricted and ...

  Bloomberg Stocks in Dubai and Qatar led gains in Gulf stocks, tracking emerging market increases as Brent crude prices recovered. The DFM General Index climbed for a second day, adding 1.1 percent at the close. Doha’s QE Index advanced 1 percent as all but two of its members rose. The Bloomberg GCC 200 Index, a gauge of the largest ...

  DUBAI / Reuters Second-quarter earnings in Saudi Arabia’s petrochemical industry beat expectations as producers reaped the benefits of volatile oil prices, but companies look unlikely to be as lucky in the second half of this year. Combined net profits of the kingdom’s 14 listed petrochemical firms, announced over the past couple of weeks, fell by a fifth from a ...

  DUBAI / Reuters A recovery in oil prices and global equities helped lift stock markets in the Gulf slightly in early trade on Thursday after a weak performance in the region earlier this week. Dubai’s main index was up 0.4 percent as large and mid-cap stocks outperformed, with Emaar Properties climbing 1.2 percent. In Abu Dhabi the index was ...

  DUBAI / Reuters Dubai’s stock market rose in early trade on Monday, supported by positive earnings from its largest listed stock, while Saudi Arabia’s index edged up as investors bought shares on recent price dips. Dubai’s index was up 0.7 percent. Emaar Properties climbed 1.6 percent to 6.93 dirhams after the developer reported an 8 percent rise in second-quarter ...

  DUBAI / Reuters Stock markets in the Gulf were soft in early trade on Sunday, weighed down by weak oil prices and a lacklustre set of second-quarter corporate results. Riyadh’s stock index lost 0.2 percent after 40 minutes of trade as the petrochemical sector dropped 0.4 percent. The September Brent oil contract settled at $42.46 a barrel on Friday, ...

  Bloomberg Saudi Arabian stocks led a retreat across Gulf Arab equities as trading volumes plunged. Four benchmark gauges in the six-nation Gulf Cooperation Council declined, with Bloomberg’s GCC 200 Index posting its longest losing streak in two months. Saudi Arabia’s Tadawul All Share Index dropped 1.2 percent as trading volumes sank 23 percent below the six-month average. Dubai’s DFM ...

Bloomberg Most Gulf stock markets fell on Thursday amid soft oil prices and mixed corporate earnings, while Egypt was hit once again by concern about instability in the country’s currency. Dubai’s index edged down 0.1 percent. Dubai Parks & Resorts surged 3.8 percent but real estate stocks were weak, with Deyaar Development dropping 1.1 percent after reporting a 17.8 percent ...

  Bloomberg In the race to supply wheat to the world’s biggest buyer, Russia is running away with the prize. Russia has supplanted the U.S. as the top exporter of the grain and won the lion’s share of the wheat purchased in the first two tenders this season by Egypt, which buys huge amounts of wheat to provide citizens with ...