Gulf Arab bourses closed higher yesterday despite last weeks decline in global markets, gaining momentum from a rise in Saudi banking stocks. The Saudi banking sector, led by Samba Financial Group, has been rising because of a Credit Suisse upgrade of
Gulf shares advanced, buoyed by the biggest jump in Saudi Arabian stocks in more than four months. Aref Investment Group, the Kuwaiti investment company, rose the most in almost three weeks after Kuwait Finance House agreed to reschedule its debt. D
Gulf Arab bourses closed higher on Sunday despite last week’s decline in global markets, gaining momentum from a rise in Saudi banking stocks. The Saudi banking sector, led by Samba Financial Group, has been rising because of a Credit Suisse upgrade of
Investors at the Dubai Financial Market (DFM) witnessed a rollercoaster trading session with 18 shares advancing, five declining and six remaining flat. The DFM Index eventually closed 0.55% higher at 2,197.08 points. Insurers led the rise. Islamic A
Two economists told KUNA Sunday they predict a hike in speculation at Kuwait Stock Exchange this week, due to third quarter (Q3) closures. The first hour of trade this morning proved purchase power was geared to select shares which could decide t
The Qatar Exchange pursued its upswing trend Sunday adding 20.28 points or 0.27% to 7,508.53 points from 7,488.25 Thursday. The volume of shares traded on Qatar Exchange rose to 16,095,644 from 12,224,150Thursday; the value of shares was up to QR4
The price index of Kuwait Stock Exchange was still green by closing Sunday coming to 7,897.4 points after a gain of 97.2 points, with the weighted index also green at 460.36 points with a gain of 7. 19 points. Trades came to 6,809 at nearly KD 79 wit
Only the real estate sector was shining today at the Abu Dhabi market ADX, which saw its General Index edging higher by 0.16%, closing at 3,123.68 points. RAK Properties was most actively traded in relation to volumes, closing 2.45% higher at Dhs
The Qatar Exchange closed at 7,508.53 (up 0.27%) on rising trading volumes. Qatar National Bank added three per cent, closing at QR150.50. The countrys largest lender in relation to market capitalisation is approaching a key resistance level at QR16
Abu Dhabi Securities Exchange (ADX) today announced that the Global index provider, FTSE Group FTSE has finalised its annual review of country classification for the FTSE Global Equity Index Series (GEIS) and confirmed that the UAE is to be promoted to