Stocks in the UAE tumbled on continued worries about Dubai’s debts yesterday and most other regional bourses fell as muted bank earnings and overnight declines on global markets spurred selling. The Dubai and Abu Dhabi indexes made their largest o
Profit-booking continued weigh on Qatar’s bourse for the fourth day yesterday, dragging its index by 1.09% despite buying support from foreign institutions. Led by Industries Qatar and QNB, the 20-stock benchmark index settled at 6,834.22 points as
The Abu Dhabi Securities Exchange declined sharply yesterday in comparison with its general performance over the past two weeks. Almost all traded stocks retreated during the session, with wide gaps in the downside, on very low turnover. The gener
Negative investor sentiment and a shortage of liquidity continued to drag the Dubai Financial Market down yesterday for a third consecutive session. The day was dominated by speculators in the absence of serious buyers and sellers. The general index
The Kuwait Stock Exchange (KSE) ended yesterdays session in the red for the second consecutive day backed by declines in all indicators, indices and sectors. It is worth mentioning that the Investment Sector is the biggest decliner so far since the
Stocks in the United Arab Emirates tumbled on continued worries about Dubais debts on Wednesday and most other regional bourses fell as muted bank earnings and overnight declines on global markets spurred selling. The Dubai and Abu Dhabi indexes made
Mena equity markets fell by 1.2 per cent in December bringing their 2009 gains down to 17.3 per cent, according to a report by Rasmala Investment Bank Limited. Regional markets continued to suffer following Dubai World’s announcement on November 25 t
The Dubai Financial Market fell 2.65% today to close on 1,712, as only three of 31 stocks ended higher. Market heavyweight Emaar Properties dropped 5.08% to Dhs3.55, while Global Investment House had the days big gain, up 14.29% to Dhs1.44.
The Abu Dhabi Securities Index fell 1.62% today to close on 2,713, as 28 of the 32 stocks traded ended lower. All sectors closed lower, save industrial, which ended the day unchanged. Market heavyweigh Aldar dropped 5.35% to Dhs4.65.