Gulf Stocks

  DUBAI / Reuters Stock markets in Qatar and Saudi Arabia were pulled lower on Wednesday by two blue-chip companies whose weak second-quarter earnings missed forecasts, while Egypt was hurt by a fresh slide of its currency in the black market. Commercial Bank of Qatar slumped 6.6 percent after it posted a 63 percent drop in second quarter net attributable ...

  DUBAI / Reuters Gulf stock markets mostly moved little in early trade on Tuesday, restrained by weak oil prices and mixed corporate earnings, while Saudi Arabian Mining Co (Ma’aden) fell sharply after announcing a plunge in second-quarter profit. The Saudi stock index dropped 0.3 percent in the first half hour as Ma’aden slid 4.4 percent. It posted a 51 ...

  Reuters Qatar’s stock market surged as it broke major technical resistance and Dubai was boosted by real estate companies on Monday, while most Middle Eastern markets were held back by weak oil prices and uneven corporate earnings. The Qatari index gained 1.6 percent to 10,585 points, an advance on its December and March peaks at 10,490-10,502 points. Trading volume ...

  Bloomberg Most Gulf stock indexes rose, even after an attempted coup in Turkey that began on Friday rattled global markets. Saudi Arabia’s Almarai Co., the region’s largest publicly-traded packaged-food manufacturer, climbed as much as 5.5 percent before closing 2.3 percent higher as it posted a 19 percent increase in second-quarter profit. It was the third-biggest contributor to the Tadawul ...

  DUBAI / Reuters Gulf markets were mixed on Thursday as investors treaded with caution after oil prices dropped the day before, dampening sentiment for riskier asset classes. Uncertainty weighed on regional stocks in the hours before the Bank of England’s first policy meeting since Britain voted to leave the EU. The Bank’s decision to hold rates steady came after ...

  DUBAI / Reuters Gulf stock indexes benefited from fund inflows into emerging markets on Wednesday, with all advancing for a second day, as central banks in major global markets signalled the prospect of further economic stimulus. The Bank of England is due to have its first post-Brexit policy meeting on Thursday, where analysts are expecting the central bank to ...

  DUBAI / Reuters Gulf bourses benefited from recovering oil prices to all close higher on Tuesday, although Egypt’s exchange stumbled for a second day as investors took profits from a rally inspired by future currency devaluation speculation. Crude rose from the near-two-month lows hit the previous day: Brent crude was up $1.29 at $47.54 per barrel at 1218 GMT. ...

  BLOOMBERG Middle Eastern stocks followed declines across global markets on uncertainty over how Britain’s decision to leave the European Union will affect economies in the region. Dubai’s DFM General Index lost 3.3 percent, the most since January, as Emaar Properties PJSC declined 4.7 percent. Saudi Arabia’s Tadawul All Share Index fell 1.1 percent as more than 85 percent of ...

  BLOOMBERG Abu Dhabi stocks climbed the most in 18 months as two of the emirate’s biggest banks said they’re in talks to merge in a deal that would form one of the Middle East’s largest lenders by assets. The ADX General Index advanced 4.7 percent to close at 4,524.41, the strongest level in almost two months. National Bank of ...

  BLOOMBERG Dubai stocks led a retreat across Gulf Arab equities, tracking declines in emerging markets as investors brace for a series of key global events including this week’s Federal Reserve meeting and MSCI Inc.’s annual market-classification review. The DFM General Index retreated 1 percent, the steepest drop since June 2. Emaar Properties PJSC, the developer with the largest weighting ...