Dubai’s Arabtec fell yesterday after the firm agreed to sell a controlling stake to Abu Dhabi’s Aabar Investments in a deal seen as negative for Arabtec’s minority shareholders, weighing on Dubai’s index. Aabar surged 4.6% to lift Abu Dhabi’s index to a
Qatar’s bourse edged 0.03% down yesterday as local retail investors boosted profit-booking. Paced by Commercialbank and Doha Bank, the 20-stock benchmark settled lower at 7,034.81 points despite buying support from foreign institutions. The market is
The Abu Dhabi Securities Exchange continued to move sideways yesterday and closed almost flat amid trading that was generally calm apart from the expected heated speculative buying of Aabar Investments. The general index advanced slightly by 5.68
Arabtec led yesterdays movements on the Dubai Financial Market as investor sentiment remained cautious prior to the announcement of the 2009 results. The general index lost 22.81 points, or 1.24 per cent, and closed at 1,814.33 points. Arabtec, the m
The Kuwait Stock Exchange (KSE) managed to end the first trading session of the week on a higher note as market indices and indicators also posted gains supported by all except two sectors ending in the green. It is worth to mention that heavy
Dubai’s Arabtec fell on Sunday after the firm agreed to sell a controlling stake to Abu Dhabi’s Aabar Investments in a deal seen as negative for Arabtec’s minority shareholders, weighing on Dubai’s index. Aabar surged 4.6 percent to lift Abu Dhabi
The Abu Dhabi Securities Exchange closed up by 0.20% to 2,781.18, with 11 stocks rising and 13 falling. National Marine Dredging Co was the days biggest gainer, moving up by 7.91% to Dhs8.62. Union Cement Co had the largest fall, going down by 6.47% to
The Dubai Financial Market (DFM) ended the day down 1.24% to 1,814.33, with 11 stocks rising against 14 falling. Arabtec was the most traded stock by value and by volume following the announcement that Aabar Investment would seek to acquire 70% of the
Saudi Arabias Tadawul All Share Index (Tasi) fell 0.06% to 6,318.14, with 66 stocks rising and 41 falling. Al Babtain was the days biggest gainer, moving up 9.73% to SR37.20.
Dubai shares dropped for the first time in four days, led lower by Arabtec Holding PJSC, on concern the construction company’s stock will be diluted by the sale of a stake to Abu Dhabi-based Aabar Investments PJSC. Arabtec retreated the most in a m