The United Arab Emirates shares rose, with Dubais benchmark index increasing to its highest level in 10 months, after an official at a government-owned holding company said the city was set to resume growth. Dubai Financial Market PJSC, the only Gulf
UAE bourses witnessed an encouraging recovery in their market capitalisation during trading in the month of Ramadan from August 23 to September 17, reversing the pattern seen during the Ramadan month last year. Showing a rise of 8.20 per cent, or
Buoyant trading after Ramadan and the Eid holidays pushed the Dubai Financial Market up 3.6 per cent yesterday to 2204.27 points. The close above the significant 2200 level represented a gain of 76.65 points from last weeks final figure of 2127.62. Th
Qatari stocks were involved in a rally yesterday in line with the global trend. Stock markets worldwide made gains last trading day as world economy began showing signs of recovery from recession. With 167 points gain, the main index of Qatar Ex
The Abu Dhabi Securities Exchange (ADX) opened on a positive note yesterday with its general index adding 1.43 per cent to close the first session after Ramadan at 3144.37 points, a net gain of 44.32 points over its previous close of 3100.05. The mai
The Doha bourse reopened yesterday after the Eid holidays with a big bang, its key index gaining a healthy 2.28% to inch near the 7,500 mark. Foreign institutions continued to be net buyers but with lesser intensity as the 20-stock benchmark settled at
Abu Dhabi Commercial Bank (ADCB) closed 2.3 percent lower, after it reported over $600 million in exposure to two Saudi conglomerates, for which it may have to book additional provisions. Boosted by positive sentiment in global markets, however,
UAE shares surged higher on Wednesday after a five-day Eid holiday break, with rising optimism about a global economic recovery propelling Dubai’s bourse to its best finish in 10 months. Arabtec Holding jumped by 8.5 per cent to Dh3.44 thanks to
The UAE has emerged as the best performing Arab stock market during summer and dealers attributed this to return of foreign funds and strong counter-crisis financial measures taken by the government. Official data showed the bourses of Dubai and Abu
Ramadan saw a resurgence of high trading volumes on the Dubai Financial Market (DFM), which had been reeling because of the liquidity crunch and other factors arising from the global economic recession. Total DFM turnover during the Holy Month am