UAE bourses fell for a second day on profit-taking and test key price support levels, led largely by property shares. "Its a very technical move were seeing ... Dubai is testing the 2,000 point level and Abu Dhabi 3,000 points," says Haissam Arabi,
The Dubai Financial Market (DFM) is expected to continue trading sideways with limited movements in the downside until the Eid Al Fitr holiday amid profit-booking pressure and continued buying interest from foreign institutions. The DFM general inde
A merger between Dubai’s top stock exchanges, Dubai Financial Market and Nasdaq Dubai is a possibility, a leading official said, according to newspaper Emirates Business (www.business24-7.ae). “Under a consolidated approach, because Borse Dubai owns
The Dubai Financial Market (DFM) has made a mockery of predictions that trading would be bleak during Ramadan by gaining 11.93 per cent since the start of the holy month of fasting. Analysts had predicted slow trading during Ramadan as Muslims fasted
Market heavyweight etisalat dragged the Abu Dhabi Securities Exchange (ADX) down yesterday amid a mixed trading trend in real estate and energy stocks. The general index lost 41.21 points, or 1.35 per cent, and closed at 3018.14 points, mainly due to a
The Dubai Financial Market (DFM) is on the brink of a post-Ramadan rally as foreign investors pile in and retail investors prepare to join them, said analysts. The market has already confounded expectations that trading would be slow during the holy
Foreign investors are likely to keep driving up UAE share prices for the remainder of the year as fund managers start plowing back money into emerging markets in the Gulf and elsewhere amid growing hopes for a global economic turnaround, analysts say
UAE bourses are likely to maintain their bullish trends during September after ranking among the top equity-market performers in the Middle East and North Africa. Regional equity markets gained 3.2 per cent in August. The biggest gains went to Egyp
UAE shares dropped, ending a six-day rally, led by Emirates Telecommunications Corp. and Arabtec Holding PJSC, as crude oil fell below $70 a barrel late last week. Emirates Telecommunications, the UAE telephone-service provider known as Etisalat, los
After rising for six consecutive sessions, the UAE markets are poised for profit booking this week. Technically, profit booking was due in the previous week, but encouraging statements on the economy by His Highness Sheikh Mohammed bin Rashid Al