The Abu Dhabi Securities Exchange is expected to continue its downturn before consolidating around its important support of 2740 points by the end of the week. The general index continued it downward movement as it lost 16.97 points, or 0.61 per cent,
The Dubai Financial Market slipped through its important support level of 1800 points yesterday and analysts say the next two sessions will be critical for the trend. The general index fell sharply and at the end of the day was trading near its next
Middle East bank stocks slumped on Tuesday following further disappointing results from Saudi Arabia lenders, while other sectors also declined as sentiment soured regionally and globally. Dubai fell 2.4 percent, Qatar made its biggest one-day loss fo
The Dubai Financial Market dropped 2.42% today to close on 1,759, as only three of the 28 stocks in the index ended higher. Among the most actively traded stocks, Arabtec fell 5.00% to Dhs2.47 and Emaar tumbled 4.35% to Dhs 3.74.
The Abu Dhabi Securities Index fell 0.61% today to close on 2,758. Abu Dhabi National Insurance Company had the days biggest fall (10% to Dhs7.29) while Union Cement had the biggest rise (8.81% to Dhs1.73).
Dubai shares declined the most in more than a week before fourth-quarter earnings later this month and as Arabtec Holding Co. retreated on concern that a proposed stake sale would dilute shareholder value. Arabtec, the United Arab Emirates’ bigge
Listed telecom companies and banks in the UAE could be the top performers in corporate earnings for the fourth quarter of 2009 going by the estimates of several investment analysis firms. While banks, with the exception of ADCB, are expected to post
2009 turned out to be quite a volatile year for the markets, Kuwait-based Global Investment House said in its annual review of GCC markets. First, the deepening of the financial crisis led all but UAE market to decline further in the first quarter of
The Dubai Financial Market retreated yesterday amid a sharp decline in turnover as speculators dominated trading, while institutional and major investors remained on the sidelines waiting for the fourth quarter results. The general index lost 11.68
Heavyweight etisalat continued to support the Abu Dhabi Securities Exchange yesterday despite a general bearish trend. Trading remained calm and the general index ended the session almost flat at 2,775.22 points, down 5.96 points or 0.2 per cent. Lik