The wave of confidence that witnessed on the global equity markets turned mixed last week as wariness over escalating violence in Egypt and rising oil prices muted optimism. At the same time the regional bourses were spurred by selling in volatile t
Arab stock markets plummeted across the board last week as investors came under psychological pressure from fallout of the Egyptian uprising, financial analysts said Friday. However, they believed the surging oil prices provided a positive factor tha
The price index of Kuwait Stock Exchange (KSE) ended trading on Thursday a decrease of up 44.8 points to 6,774.5 points, while the weighted index also reduced to 1.46 points to read 476.64. Trades came to 2,168 transactions, worth about 21.5 milli
Volatility continued to plague the UAE's major markets as political tensions in Cairo under the Mubarak regime deepened. Dubai's main bourse, the Dubai Financial Market (DFM) General Index slipped 0.8 per cent to 1,581.01 points reversing sharper ga
Initial public offering, or IPO, levels in the GCC remained depressed in 2010 despite a pick up in the last quarter of the year, PricewaterhouseCoopers, or PwC, a professional services organisation, said on Tuesday. The GCC exchanges have attracted
Middle East markets were mixed yesterday, as investors warily watched escalating violence in Egypt, while gloomy world stocks weighed on regional indices. Dubai’s measure fell 0.9% to 1,581 points. Abu Dhabi’s benchmark rose 0.8% to 2,645 points.
Middle East markets were mixed on Thursday, as investors warily watched escalating violence in Egypt, while gloomy world stocks weighed on regional indices. Dubai's bluechips Emaar Properties and builder Arabtec, both with interests in Egypt, fell.
Snapping a two-day bear run, Doha’s bourse yesterday closed 0.26% higher mainly on Industries Qatar, Qatar Islamic Bank and Nakilat. Domestic institutions’ buying support as well as their foreign counterparts’ substantially lower selling helped the
Arab stock markets, rattled by Egyptian turmoil, have lost a combined $49 billion since anti-government protests erupted in Cairo, Kuwaiti asset managers said on Thursday. The capitalisation of 13 Arab bourses plunged from $991 billion on January 25 to
The turmoil in Egypt had a negative effect on Arab stock markets. According to Kuwaiti asset managers KAMCO, $49 billion have been wiped off the value of shares on Arab stock markets since anti-government protests in Egypt began. The capitalization of