Gulf Stocks

Reuters Most Middle Eastern stock markets fell on Wednesday because of sliding foreign bourses and negative geopolitical news related to Qatar and Yemen. Qatar was the hardest hit major market, with its index dropping 1.5 percent. Qatar National Bank, the biggest bank, tumbled 3.3 percent, while drilling rig provider Gulf International Services sank 6.5 percent. To prevent the switch, which ...

Reuters Gulf stock markets fell back on Tuesday after geopolitical news from Yemen and Qatar that has heavily influenced the bourses for weeks turned negative. Meanwhile, it became clear that the rulers of Qatar and Kuwait were the only two heads of state set to attend an annual summit of Gulf Cooperation Council nations in Kuwait this week. The United ...

ABU DHABI / WAM UAE stock markets on Monday made decent gains of AED5.5 billion driven by listed property companies and banks, with ADX General Index closing up 1.02 percent to 4326 and DFM General Index growing 0.34 percent against the last session to 3431. The upward movement of Emaar which jumped 2.8 percent to AED7.76 reflected positively on the ...

Reuters Qatar’s stock market jumped by its biggest margin in nearly five months on Monday because of hopes that Doha’s diplomatic dispute will be resolved. Most other Gulf markets were firm. Qatar’s stock index, which has been trading near six-year lows, surged 2.2 percent as trading volume doubled. Real estate firm Ezdan Holding, which has been hit hard by a ...

Reuters Egypt’s stock market surged on Tuesday after the central bank removed caps on deposits and withdrawals of foreign currency for importers, scrapping one of the last currency controls in place since 2011. The blue-chip index registered its biggest daily jump since March as it rose 2.2 percent to a record closing high of 14,537 points, passing its previous peak ...

Reuters Saudi Arabia’s stock index edged higher on Monday after Al Jouf Cement and Saudi Industrial Export Co announced an export deal with Jordan, but the region as a whole traded in small ranges. The Saudi index closed 0.1 percent higher at 6,939 points. Al Jouf rose 3.4 percent and Saudi Industrial Export Co jumped 5.1 percent. Saudi Industrial Export ...

Reuters Gulf stock markets mostly rebounded from several days of weakness on Wednesday, encouraged by strong oil prices. Meanwhile, rising tensions between Saudi Arabia and Iran over instability in Lebanon and the conflict in Yemen have increasingly worried investors. But Dubai’s index closed 1.0 percent higher as Emaar Properties rebounded 2.6 percent. GFH Financial, by far the most heavily traded ...

Abu Dhabi / WAM The value of shares traded in UAE stock markets reported a one-month high of AED900 million, driven by the listing of Emaar Development on the Dubai Financial Market, as well as the recovery of some blue chips. Within this context, the DFM General Index rose 1 percent to 3445, while Abu Dhabi Securities Exchange General Index ...

Reuters Most Middle East stock markets fell on Tuesday, weighed down by geopolitical worries, but Abu Dhabi was boosted by government plans to privatise parts of Abu Dhabi National Oil Co (ADNOC). Saudi Arabia’s stock index fell 0.4 percent on the back of weak banks and cement shares. National Commercial Bank , the largest lender, lost 1.8 percent while Riyad ...

Reuters Most stock markets in the Middle East fell again on Monday, dampened by geopolitics, although Abu Dhabi was supported by plans for an initial public offer of shares by the distribution unit of Abu Dhabi National Oil Co (ADNOC). Some fund managers think there may be little downside left for Gulf markets now that valuations are no longer high, ...