After four straight days of declines, the Dubai Financial Market bounced back today, gaining 5.24% to close on 2,185. Market heavyweight Emaar gained 7.90% to Dhs4.37, along with Arabtec, which rose 7.28% to Dhs3.24. Other big gainers included Dubai
Dubai shares ended their longest losing streak since July, led by gains in Emaar Properties PJSC and Dubai Islamic Bank, as investors speculated recent declines were overdone compared with prospects for earnings growth. Emaar, the United Arab Em
Dubai shares slumped the most since mid-August, leading a drop in the region, as Shuaa Capital reported a loss and Emaar Properties closed at its lowest in almost a month. Shuaa, the UAE’s biggest investment bank, lost the most in more than four mo
The Abu Dhabi Securities Exchange slipped yesterday amid selling pressures in real estate, energy and banking stocks, tracking movements on the Dubai Financial Market and other GCC stocks. The ADX index lost 102.84 points, or 3.40 per cent, to close at
Severe panic selling and speculation dragged the Dubai Financial Market (DFM) index down 5.50 per cent yesterday to close at 2076.56 points amid negative impacts from global and regional markets and lack of strong domestic movers. The DFM opened with a
A major sell-off hit most of the Gulf Arab region yesterday, as investors overlooked some positive earning results following a sharp drop on Wall Street. Dubai led the losers, posting a 5.5% slide, its biggest one-day fall since mid-August. “The who
Dubai shares tumbled by 5.5 per cent, their steepest fall since August 17, due to weakness in the shares of Emaar Properties and other property stocks and to investment bank Shuaa Capital’s third-quarter loss. Emaar, the UAE’s biggest property
Dubai shares tumbled the most since mid-August, leading indexes in the region lower, as Shuaa Capital PSC reported a loss and Emaar Properties PJSC retreated to its lowest level in almost three months. Shuaa, the U.A.E.’s biggest investment bank,
Dubais bourse plunged more than 5 percent to 2,083 points on Sunday, following the decline in US markets on Friday. International markets were hit by a strong wave of profit taking...the correlation with our markets is very heavy, says Marwan Shu
Despite encouraging signs of recovery in the US economy during the third quarter, doubts over its sustainability, along with weaker global markets and bleak US housing data, may set a weaker tone for the UAE bourses. However, occasional positive