Saudi stocks closed down 1% yesterday as investors shrugged off neighbouring Dubai’s debt crisis in the first trading day on the Riyadh market in nearly two weeks. The Gulf’s largest equities market sank 2.3% when trading opened for the first time a
The Qatar Exchange (QE) showed a mixed performance during the week starting November 29. The official QE Price Index fell 2.22% over the previous week’s closing (4 trading days) and finished the week at 7,033.52 points last Thursday, while Alsha
Saudi stocks fell the most in almost four weeks, led by Al Rajhi Bank and Saudi Basic Industries Corporation (Sabic), on the first day of trading after long holidays. The main index Tadawul fell 1.06 per cent to 6,288.27 points after having opened do
The Bahrain Stock Exchange (BSE) yesterday announced the launch of its first investor survey. It primarily serves as a means to understand the motivations, trading patterns and awareness levels of existing and potential investors on BSE. "A deep
Stock markets in the UAE are likely to trade in a flat to positive range this week after coming under pressure from the global medias misinterpretation of Dubai Worlds restructuring plan. The American markets witnessed a rise on Friday as US
Banks led early declines on the Saudi bourse on the first trading session since Dubai World alarmed markets with a request for a delay in debt repayment. The main index fell 2.3 per cent within the first minutes of trading and is down 1.9 per cent at
The Saudi stock market faces selling pressure when it reopens today for the first time since the Dubai debt crisis erupted even though the kingdom has little real exposure to it, analysts said. Closed since November 25 for the Eid al-Adha holiday, the
Qatar stocks rose for a second session yesterday on sound fundamentals despite negative sentiment in the region over Dubai’s debt crisis. The benchmark index closed 1.21% higher at 7,034 points, two days after shedding a massive 8.3% on fears local
Saudi Arabias top monetary official yesterday sought to reassure investors and play down the impact of Dubais debt crisis ahead of the first day of stock market trading in the kindgom since the news broke. "The groups (of Saudi banks) exposure to Du
The Saudi stock market faces selling pressure when it reopens today for the first time since the Dubai debt crisis erupted even though the kingdom has little real exposure to it, analysts said. Closed since November 25 for the Eid Al-Adha holiday, the