Gulf Stocks

  BLOOMBERG Gulf stocks were mixed as trading slumped in advance of the holy month of Ramadan, when business across the region slows. Dubai’s DFM General Index advanced 0.7 percent at the close and Abu Dhabi’s ADX General Index climbed 1 percent. The Bloomberg GCC 200 Index, which tracks 200 of the largest and most liquid stocks in the six-nation ...

  DUBAI / Reuters Gulf stock markets were mixed before an OPEC meeting on Thursday to discuss coordinated action among oil producers to support prices. Egypt’s market rose as a newly listed healthcare stock performed strongly. Riyadh’s stock index added 0.5 percent with support from some petrochemical shares as Brent oil held near $50 a barrel. Saudi Basic Industries climbed ...

  Dubai / Reuters A rebound in the banking sector buoyed Saudi Arabia’s bourse on Wednesday and other Gulf bourses also rose, with Dubai’s Shuaa Capital surging on hopes that potential buyers of a stake in it had placed high bids. Saudi banking shares, which were among the market’s worst performers in May, attracted buying on dips as Saudi British ...

  Dubai / Reuters Share market indexes in the Middle East diverged on Tuesday, with Saudi Arabia’s index outperforming peers as some positive news lifted shares, but all markets ended with losses for the month. Riyadh’s index rebounded 1.4 percent, ending three sessions of declines, although volumes were the lowest since last October. The index was down 5.3 percent in ...

  BLOOMBERG Dubai stocks gained a fifth day amid declining trading across Gulf Arab equity markets, with some investors taking a long weekend and the start of Ramadan about a week away. The DFM General Index rose 0.3 percent, capping the longest winning streak since September. About 140 million shares were traded on the emirate’s main measure, less than half ...

  DUBAI / Reuters Thursday, but helped carry Dubai’s index higher for a fourth session. Other markets were mixed. The Riyadh index failed to hold on to earlier gains as investors booked profits, snapping two days of gains. Although petrochemical shares remained resilient, with the sub-index advancing 0.3%, it closed 49 points below its intra-day high, a sign that investors ...

  Dubai / Reuters Gains for global equity and oil markets boosted Gulf bourses on Wednesday with Saudi petrochemical shares and Dubai real estate stocks leading the gains. Riyadh’s index rose 0.6% in modest volume as Saudi Basic Industries, the largest petrochemical producer, climbed 1.2%. Saudi Cement added 2.0% after the company said it had sold its 40% stake in ...

  Dubai / Reuters Most Gulf stock markets rose on Tuesday but trading volumes were small as some investors stayed away because of the approach of the holy month of Ramadan and summer holidays, when activity tends to decrease in some bourses. Dubai’s index spent most of the day little changed but closed 1.0 percent higher after a surge in ...

  Dubai / Reuters Stock markets in the Gulf trod separate paths on Monday, with Saudi Arabia’s market lagging while the two main markets in the United Arab Emirates held on to small gains. Riyadh’s index was down 1.2 percent after an hour of trade amid a sell-off in petrochemical shares after oil prices weakened. Brent oil was down 0.9 ...

  Dubai / Bloomberg Dubai investor Selim Fendi plans to open Monaco’s first gold refinery in early 2017 to meet demand from local and global jewelers looking to make sure they aren’t using metal from conflict areas. Aurum Monaco SAM will produce up to 1 metric ton of gold a month in its first year, with capacity to boost that ...