Gulf Stocks

Reuters Egypt’s stock market fell on Tuesday, ending a six-day winning streak that took the blue-chip index to an all-time high, while Gulf bourses traded narrowly but a couple of petrochemical shares boosted Saudi Arabia. The Egyptian index dropped 0.5 percent to 13,931 points. A purchasing managers’ survey published on Tuesday showed non-oil private sector activity fell at its sharpest ...

Reuters Most stock markets in the Middle East made small gains on Monday with Egypt hitting yet another all-time high, while the Saudi Arabian index edged down. The Riyadh index lost 0.1 percent; the banking sector was soft with Banque Saudi Fransi dropping 1.3 percent. Shares of telecommunications operator Atheeb, which had been suspended by the capital markets regulator since ...

Reuters The Saudi stock index fell on Sunday after news that index compiler FTSE had decided to delay including Riyadh in its secondary emerging market index, while Kuwaiti blue chips were strong after FTSE included Kuwait. In its annual country classification review, FTSE praised Riyadh’s market reforms but said it would need more time to evaluate their practical impact. It ...

Reuters Shares of car insurance and rental companies rallied on the Saudi Arabian stock market on Wednesday after news that women would be allowed to drive, although the broader market was flat. Qatar’s stock market fell sharply, ending a six-day winning streak. Saudi King Salman issued a royal decree lifting the driving ban; it will be implemented by June 24, ...

Reuters Saudi Arabia’s stock index fell on Monday on rumours that index compiler FTSE might not upgrade Riyadh to emerging-market status as quickly as hoped, while Qatar notched up its fifth straight session of gains. At the end of the business day on September 29, FTSE will announce its decision on whether to include Saudi Arabia in its secondary emerging ...

Reuters Qatar’s stock index came slightly off a five-year low on Tuesday as local funds intensified their buying of those shares, while Saudi Arabia was the region’s worst performer. The Doha index had recorded 11 straight sessions of losses, reflecting a lack of foreign investor confidence in a speedy resolution to the Gulf diplomatic crisis. Local investors, however, have been ...

Reuters Qatar’s stock index hit a five-year low on Monday because of a fresh sign that a diplomatic dispute in the region was starting to inflict long-term damage on some of its companies. Shares of Qatar Insurance dropped 2.3 percent after the company said it was closing its Abu Dhabi branch because it had not been able to obtain a ...

Reuters Qatar’s stock index fell for a tenth straight session on Sunday as talk of dispute negotiations fails to sway investors, while strong oil prices boosted the Saudi Arabia market. Qatar’s index fell 0.4 percent to 8,375 points, but closed 62 points above the session low. The index has lost 6.3 percent over 10 sessions. Doha Bank dropped 2.6 percent. ...

Reuters Shares of Saudi Arabia’s top food producers, Savola and Almarai, fell on Wednesday after Savola said it was selling a small stake in the dairy maker, while Qatar’s bourse closed at a 52-month low as foreign funds continued to exit. The Riyadh index fell 0.3 percent with Savola declining 1.8 percent to 46.55 riyals, after initially surging to an ...

Reuters Qatar’s stock market slid to a 52-month closing low on Tuesday as foreign investors sold, while Banque Saudi Fransi fell in Riyadh after France’s Credit Agricole agreed to sell a 16.2 percent stake in it to local investor Kingdom Holding. The Qatari stock index fell 0.7 percent to 8,472 points, though it ended off the day’s low of 8,390 ...