Wednesday , 17 December 2025

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Stocks locked in strong uptrend

ABU DHABI / WAM UAE stocks locked in a strong uptrend in the maiden session of the week supported by most of the listed sectors, primarily the realty and banking companies, with the DFM General Index rising to 3151 points, an increase of 1.83 percent over the last session, and ADX General Index following suit by 1 percent over Thursday’s …

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Investcorp acquires US auto parts firm KSI

BAHRAIN / WAM Investcorp, a global provider and manager of alternative investment products, on Sunday announced its recent acquisition of KSI Trading Corp. (KSI), a supplier of aftermarket auto body parts in the US. Founded in 1984, KSI is an industry-leading distributor of quality replacement auto body parts servicing over 10,000 collision repair shop customers across 25 locations in 14 …

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Oil, gold set to extend gains on Syria strikes

LONDON / Reuters Gold and oil will extend their gains on Monday, albeit modestly, when the markets open for the first time since Western powers launched a missile attack on Syria but equities and bonds are unlikely to suffer big losses unless the West strikes again or Russia retaliates. “The newsflow is actually better than what it looked like at …

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