Dubai shares rebounded from yesterday’s decline as Islamic Arab Insurance Co. said it returned to profit in 2009. Kuwait’s index rose after the central bank reduced interest rates. Islamic Arab Insurance, known as Salama, jumped the most in almost two
The price index of Kuwait Stock Exchange (KSE) was up 23.1 points to 7,125.2 points by midday Monday. Trades came to 4,584 transactions by the time at KD 57.5 million with some 368 million shares changing hands.
The price index of Kuwait Stock Exchange (KSE) started Monday's trading session with an up of 15.8 points to read 7,117.9 points by 9:10 a.m. Trades came to 917 transactions with some 85 million shares changing hands for KD 19 million.
Kuwait stocks covered more grounds on Sunday, extending gains to the fourth day. The index climbed 37.5 points in volatile trading led by telecom majors Zain and Wataniya. Blue chips were mostly muted while industrials shined after trading subdued in
Gulf bourses closed mostly lower yesterday on weaker oil prices and concerns about global markets. The Abu Dhabi Securities Exchange General Index, which dropped by 0.9 per cent to 2,681.16, saw losses hit the financial services and property sect
Most Gulf markets fell yesterday, tracking end-of-week declines in global stocks and oil prices in the absence of regional catalysts. Saudi Arabia’s measure edged up 0.01% to 6,216 points. Dubai’s index fell 2% to 1,631 points. Abu Dhabi’s bench
Market bellwether Emaar had been the biggest gainer among the most active stocks on Dubai Financial Market (DFM) as the property major gained 38.95 per cent during the second half of 2009, followed by Aramex, DFM and Arabtec. The Dubai bourse ye
Qatar’s bourse opened the week on a sour note - losing 1.53% after a four-day rally - on profit-booking especially at the banking and industrial counters. The 20-stock benchmark settled lower at 6,728.94 points as foreign institutions exerted stron
Abu Dhabi Securities Exchange retreated yesterday amid the lowest turnover since the beginning of the year. The ADX index lost 23.78 points, 0.88 per cent, and closed at 2681.66 points. The turnover continued to drop amid shortage in liquidity with 3
Dubai stocks are expected to bounce today leaving behind a strong correction triggered by the downturn in global markets and the negative sentiment among investors over the weekend. Despite losses yesterday, the Dubai Financial Market (DFM) index