Gulf Stocks

Reuters Dubai’s leading real estate developer, Emaar Properties, pulled the emirate’s stock index lower on Sunday while Saudi Arabia’s index again retreated from major technical resistance. The Dubai index lost 0.8 percent to 3,644 points, pulling back from resistance on the August peak of 3,681. Emaar slid 2.1 percent after saying it expected to sell 20 percent of its local ...

Reuters Petrochemical shares dragged down Saudi Arabia’s stock market on Wednesday while Dubai real estate developers were actively traded after two of them reported third-quarter earnings. The Saudi index fell 0.7 percent as 12 of 14 listed petrochemical producers dropped, with Yanbu Petrochemical down 1.9 percent. Most have yet to report third-quarter earnings and will do so in the next ...

Reuters Gulf stock markets were mixed despite strong oil prices on Tuesday while Saudi Arabia’s insurance sector continued to recover from last week’s losses. The main Saudi index inched up 0.2 percent. In the insurance sector, which sank last week on expectations for a shakeout in the sector caused by tougher regulation, Malath Insurance surged 9.9 percent after the trading ...

Reuters Saudi Arabia’s stock market rebounded on Monday as higher oil prices boosted petrochemical shares while banks rose in response to Alinma Bank’s better-than-expected earnings. The main Saudi index gained 0.6 percent as tensions between Baghdad and Iraqi Kurdistan lifted oil sharply. PetroRabigh rose 2.1 percent and Petrochem added 1.2 percent, while mining firm Ma’aden was up 2.1 percent. Alinma ...

Reuters Most Middle East stock markets traded in narrow ranges on Sunday while Saudi Arabia was dragged down by several major blue chips. The Saudi index dropped 0.7 percent as Al Rajhi Bank lost 1.0 percent and miner Ma’aden sank 1.9 percent. Petrochemical producer Saudi Basic Industries fell 0.7 percent. Insurers were roughly evenly split between gainers and losers after ...

ABU DHABI / WAM UAE stock markets secured decent gains of AED5.4 billion at the close of Wednesday session, driven by high sentiments and a selective buying spree at the realty, banking and telecommunications sectors, with ADX General Index up 0.96 percent to 4514 points and DFM General Index increasing 0.80 percent to close at 3637, as compared to Tuesday’s ...

Reuters Insurance stocks helped to drag down Saudi Arabia’s market on Wednesday because of fears of a shakeout in the industry, while bourses in the United Arab Emirates and Qatar rose, helped by a bullish global trend in equities. The main Saudi index sank 2.2 percent to 6,890 points, closing significantly below the 200-day moving average, now at 7,042 points, ...

Reuters Qatar’s stock market continued to recover on Tuesday from last week’s big losses, while Saudi Arabia’s main index was dragged down by the banking and insurance sectors. The Qatari index rose for a third straight day in a technical rebound after hitting five-year lows last week. It was up 0.5 percent on Tuesday after gaining 0.9 percent. Foreign investors ...

Reuters Shares of Sudanese companies listed in the United Arab Emirates soared on Sunday after the United States said it was lifting sanctions on Sudan, while construction firm Drake & Scull led Dubai higher. In Abu Dhabi, Sudatel Telecom rose by its 15 percent daily limit to 0.69 dirham, its highest level since April, in heavy trade. A Dubai-listed Sudanese ...

Reuters Qatar’s stock index sank to a five-year low on Wednesday as foreign funds continued to sell ahead of third-quarter corporate earnings, while banks in Egypt were hit by news that the central bank would raise the required reserve ratio. The Qatari index lost 1.6 percent in thin trade, bringing its losses since four other Arab states broke off ties ...