UAE stock markets bounced sharply for the second session in a row on buying interest across the board after stocks were oversold last week. The Dubai Financial Market index advanced 3.33 per cent yesterday, extending its two-day gains to 10.56 per c
The Dubai stock market strengthened on Sunday, building on a 7.0 surge it made before its weekend Thursday, lifted by property giant Emaar’s decision to abandon a merger with state-owned entities. By midday, the Dubai Financial Market index was tr
Abu Dhabi’s index made its largest gain for more than eight months yesterday and most other Gulf Arab markets also advanced as speculators bet Dubai’s immediate debt problems would be resolved. Abu Dhabi’s benchmark surged 4.5%, Dubai climbed 3.3% and
All sectors bounced up on the Abu Dhabi Securities Exchange yesterday as strong buying interest was seen in leading real estate, energy and banking stocks. The general index added 111.64 points, or 4.46 per cent, to close at 2,613.88. Heavyweights in
Abu Dhabis index made its largest gain for more than eight months yesterday and most other Gulf Arab markets also advanced as speculators bet Dubais immediate debt problems would be resolved. Telecoms stocks helped Egypt surge 6.6 percent-its bigg
The Dubai Financial Market (DFM) continued its uptrend for the second session yesterday amid good buying interest across the board. However, high volatility remained as speculators dominated trading in the market. The DFM index added 54.59 points
The Abu Dhabi Securities Exchange (ADX) went up by 4.46% to 2,613.88, with 29 stocks rising, compared to seven falling and one holding steady. Real estate was the most active sector by value and by volume with Aldar, Sorouh and RakProp all rising by
The Dubai Financial Market (DFM) closed 3.33% at 1,695.35, with 24 companies rising, three falling and one holding steady. Emaar was the most active stock by value and by volume, closing up 6.80% to Dhs3.14. Dubai Islamic Bank was the top gainer,
Dubai shares climbed for a second day, the biggest two-day gain in more than a year, as investors speculated that Dubai World would make a last-minute move to avoid a default on its property unit. Emaar Properties PJSC, the United Arab Emirates’ b
Dubais index soared for a second day as speculators pushed stocks higher, a day before Nakheels $3.5 billion sukuk matures. The bond price rose on Friday, helping to convince traders that a deal will be reached with holders. Although the sukuk matures