Stocks in the United Arab Emirates fell yesterday, ending a three-day rally as analysts warned worries over Dubais debt position remain high on investors minds despite Mondays $10 billion bailout from Abu Dhabi. Most other Middle East benchmarks also
The Kuwait Stock Exchange (KSE) along with major indicators rose for the fourth consecutive session driven by positive news from both locally and the GCC. Global General Index (GGI) added 1.92 points (+1.92 percent) during yesterdays session to reac
Dubai shares retreated on Tuesday with investors cashing in on gains from Monday’s surge, as worries linger over Dubai’s debts despite the $10 billion support fund by Abu Dhabi. The main index of the Dubai Financial Market slipped by 1.5 per cent to
The Dubai Financial Market declined for the first time in four days today, falling 1.49% to 1,843. Several stocks that had large gains in yesterdays session posted big losses today, including Aramex, Air Arabia, and Drake & Scull, which fell 9.63%,
The Abu Dhabi Securities Exchange dipped 0.96% today to close on 2,794. All sectors ended lower save real estate and banking, as Aldar gained 6.50% to Dhs5.09 and Abu Dhabi Commercial Bank rose 6.47% to Dhs1.80. Abu Dhabi National Hotels had the days
Saudi Arabias Tadawul All Share Index (Tasi) fell 0.73% today to close on 6,109. All sectors ended lower on the day except for agriculture & food industries and insurance. Overall, 99 stocks fell while 21 ended higher.
UAE stocks slide, ending a three-day winning streak, with analysts saying worries over Dubai’s debt position remain high on investors minds, despite Monday’s $10 billion bailout from Abu Dhabi. “The market overreacted yesterday on the Dubai news, but
Profit-taking erased some of Dubais early gains in volatile trading today as investors digested what was next for Dubai and its mammoth debts following Abu Dhabis 11th-hour bailout the day before. Heavyweights Emaar Properties and Emirates NBD lifted
The Dubai stock index rose 3.23 per cent in early trade today after recording a increase of 10.36 per cent yesterday, buoyed by the $10 billion bailout package offered to Dubai by Abu Dhabi. The index stood at 1,931.64 points at 11am. Emaar Pro
Dubais index was down 0.88pc per cent to 1,854.74 points at 822 GMT. It was up 6.9 per cent in initial trading before investors swiftly took profits from a 30-per cent, four-session surge. All other Gulf benchmarks are also down. DP World, which ju