Saudi Arabia’s Tadawul All Share Index (Tasi) on Saturday closed up slightly by 0.84 percent to 6,201.76 points. Saudi Basic Industries Corp (SABIC) hit a 14-month closing high after oil prices reached their highest level since late October, helpi
Dubai’s benchmark index declined the most in almost two weeks, led by Emaar Properties PJSC and Dubai Financial Market, on investor speculation that yesterday’s gains outpaced growth prospects in the debt-laden emirate. Emaar, the developer of the
Qatar’s bourse weakened yesterday mainly on foreign institutions’ profit-booking. The 20-stock benchmark shed 0.69% to 6,958.79 points, paced by Doha Bank and Industries Qatar. The market is up 0.03% year-to-date. Sector-wise, the indices of in
The Dubai Financial Market (DFM) closed down yesterday after investors and institutions engaged in heavy profit booking to cash in on the rally on Sunday, the first session of the New Year. Realty, finance/investment, telecom, utilities and tran
The Abu Dhabi Securities Exchange (ADX) witnessed another bleak session yesterday as trading volume came under pressure due to weaker sentiment. In the absence of any major buying interest from market players the general index fell marginally 14.25
The Kuwait Stock Exchange (KSE) ended first trading session of the New Year on a negative note led by declines witnessed in several of the blue-chip stocks. Global General Index (GGI) shed 4.42 points (-2.38 percent) during yesterdays session to rea
Dubai led most Middle East markets lower on Monday as investors booked profits from the previous day’s two-week high and analysts warned further declines are likely, although Saudi Arabia was buoyant as oil prices spiked. Dubai’s main index fell 2.6 p
Dubai led most Middle East markets lower on Monday as investors booked profits from the previous day’s two-week high and analysts warned further declines are likely, although Saudi Arabia was buoyant as oil prices spiked. Saudi Basic Industries Corp
Emaar Properties lifted Dubai’s index to a two-week high on Sunday, a day before the official opening of Burj Dubai, the developer’s flagship project and the world’s tallest structure. In a sentiment-driven rally, Emaar surged 7.8 percent to its h
The UAE stock markets ended the first trading day of the New Year in a positive territory with the rebound led by real estate stocks. There was a feel-good factor in the market generated by Monday's scheduled opening of Emaar's Burj Dubai - the wo