Dubai Financial Market PJSC, the only Gulf Arab stock market to sell shares to the public, had its price estimate cut to 1.6 dirhams from 1.85 dirhams at Bank of America Merrill Lynch, citing trading volumes.
The price index of Kuwait Stock Exchange was down slightly in early trading Tuesday with a slip of 0.7 points to 7,265.7 points at 9:05 a.m., while the weighted index also shed 0.53 points to read 436.55 points by the time. Trades came to 326
Kuwait stocks reversed on Monday, snapping the four-day gains. The index slid 43.3 points in slightly choppy trade as profit taking weighed on select heavyweights and some of middle level stocks in the industrial and services sectors. The trading fl
A sharp, unexplained rise in the share price of one of the country’s biggest lenders helped lift Abu Dhabi stocks yesterday, as regional bourses shook off negative global indicators. The Abu Dhabi Securities Exchange General Index rose 0.8 per cent to
The following stocks may rise or fall in Gulf Arab markets. Stock symbols are in parentheses and prices are from the last close. The DFM General Index rose for the first time this month, increasing 0.7 percent to 1,736.61. Abu Dhabi’s gauge gained 0.8
Banks and other companies trading their shares in the Saudi stock market performed relatively well in the first quarter of 2010 but the results were below expectations, a key investment firm said yesterday. The net profits of the more than 100 c
Middle East markets were mixed yesterday with a surge in shares of Union Properties helping lift Dubai’s benchmark, while Saudi Arabia fell for the second day as investors booked profits. Union Properties rose 6.1% after reporting a 66% rise in
Qatar’s bourse yesterday gained 0.17%, mainly paced by large and mid cap equities. Buying support from domestic institutions and foreign retail investors helped the 20-stock benchmark settle higher at 7,527.89 points on heightened trading volume.
The Abu Dhabi Securities Exchange (ADX) ended a five-day losing streak and bounced up yesterday thanks to good buying interest in real estate stocks and a continued uptrend in heavyweight etisalat. The ADX index added 21.52 points, or 0.78 per cent, to
The Dubai Financial Market (DFM) bounced up yesterday at low turnover giving indications of continuing hesitation among investors with a general downside trend still in play. The DFM index added 12.34 points, or 0.72 per cent, to close at 1736.61 p