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
Buoyed by an undercurrent of bullishness, the Dubai Financial Market (DFM) and the Abu Dhabi Securities Exchange (ADX) are expected to move in tandem with global markets this week, particularly Wall Street, according to analysts. Though profit boo
A post-Eid spending spree among international investors sent Dubai shares to a 10-month high on Wednesday. The Dubai Financial Market (DFM) General Index led gains among UAE stock exchanges, with the biggest rise being recorded by the exchange’s own
The United Arab Emirates shares rose, with Dubais benchmark index increasing to its highest level in 10 months, after an official at a government-owned holding company said the city was set to resume growth. Dubai Financial Market PJSC, the only Gulf
UAE bourses witnessed an encouraging recovery in their market capitalisation during trading in the month of Ramadan from August 23 to September 17, reversing the pattern seen during the Ramadan month last year. Showing a rise of 8.20 per cent, or
Buoyant trading after Ramadan and the Eid holidays pushed the Dubai Financial Market up 3.6 per cent yesterday to 2204.27 points. The close above the significant 2200 level represented a gain of 76.65 points from last weeks final figure of 2127.62. Th
The Abu Dhabi Securities Exchange (ADX) opened on a positive note yesterday with its general index adding 1.43 per cent to close the first session after Ramadan at 3144.37 points, a net gain of 44.32 points over its previous close of 3100.05. The mai
Abu Dhabi Commercial Bank (ADCB) closed 2.3 percent lower, after it reported over $600 million in exposure to two Saudi conglomerates, for which it may have to book additional provisions. Boosted by positive sentiment in global markets, however,
UAE shares surged higher on Wednesday after a five-day Eid holiday break, with rising optimism about a global economic recovery propelling Dubai’s bourse to its best finish in 10 months. Arabtec Holding jumped by 8.5 per cent to Dh3.44 thanks to
The UAE has emerged as the best performing Arab stock market during summer and dealers attributed this to return of foreign funds and strong counter-crisis financial measures taken by the government. Official data showed the bourses of Dubai and Abu