The Dubai Financial Market index was down 2.83 per cent to 1801.19 points at 11.00am, with heavyweights Emaar and Emirates NBD falling 6.00 and 4.80 per cent, respectively. After yesterday’s rebound at the UAE stock markets shares today are diving
Kuwait stock exchange posted modest rise on Sunday, adding to the rebound in the past session. The index climbed 34 points in volatile trade backed by impressive gains in most of the blue chips led by National Bank of Kuwait and Kuwait Finance House.
Investors have returned to local markets, helping stocks recover some of the losses triggered by Dubai World’s debt restructuring announcement. Shares on the Abu Dhabi Securities Exchange yesterday gained the most since March, ending the day 3.9 per
Abu Dhabi shares rose 4 per cent in early trading today in a volatile session for local markets. Dubai shares opened lower but quickly stabilized after heavy sell-offs last week. The Dubai Financial General Index, the emirates benchmark stock index
Bourses in the UAE rallied yesterday in their first gains since Dubai’s debt woes shocked global markets. Qatar’s benchmark rose 0.3% to 7,057 points. Abu Dhabi’s index climbed 3.9% to 2,673 points. Dubai’s measure rose 1.2% to 1,853 points. Kuwa
The Dubai and Abu Dhabi stock markets recovered Sunday amid an apparent return of confidence, closing up more than one and almost four percent, respectively, after heavy losses over Dubai’s debt woes. After a four-day break, Dubai’s DFM Index, which
Omani shares declined by 1.18 per cent yesterday, with banking and investment stocks leading the fall on the first trading day after the Dubai debt-crisis and a week-long festival holiday. The MSM30 index fell 1.18 per cent to end at 6,282.000 poi
The Dubai and Abu Dhabi stock markets recovered yesterday amid an apparent return of confidence, closing up more than one and almost four percent respectively, after heavy losses over Dubais debt woes. After a four-day break, Dubais DFM Index, which
Bourses in the UAE rallied yesterday in their first gains since Dubai World debt worries hit global markets. Abu Dhabi made its largest one-day gain since March 24 and Dubai ended up after stocks whipsawed in volatile trading. After opening on a we
The Dubai Financial Market (DFM) rebounded yesterday for the first time since the Dubai World restructuring plan was announced on November 25 thanks to bargain buying as the index traded close to a key support level. After moving in an 85-point range