Investors were in a selling mood on most Gulf Arab markets yesterday, as the previous day’s gains were mostly cancelled out. Analysts predict the volatility in regional bourses to continue, as the markets correct after a rally which preceded third
The Dubai Financial Market (DFM) is suffering from an unprecedented aggressive volatility that may remain in the coming few sessions before the market starts to stabilise, according to analysts. The DFM has witnessed sharp fluctuations since late las
High volatility in real estate stocks continued to press down the Abu Dhabi Securities Exchange (ADX) yesterday, as the index lost one per cent, or 29.89 points, to close at 2947.80 points. Heavyweights in the banking and telecom sectors were able to
UAE shares dropped for a second day in volatile trading on Tuesday, with markets taking their cue from tumbling world equities worried about the strength of economic recovery, and as investors turned cautious ahead of the US Federal Reserve’s two-
Investors were in a selling mood on most Gulf Arab markets on Tuesday, as the previous day’s gains were mostly cancelled out. Analysts predict the volatility in regional bourses to continue, as the markets correct after a rally which preceded third
After solid gains yesterday, the Dubai Financial Market fell sharply today, losing 5.03% to close on 2,075. Among stocks that reversed their gains from yesterday included Emaar, which dropped 7.32% to Dhs4.05, and Arabtec, which fell 6.17% to Dhs 3.
The Abu Dhabi Financial Index fell 1.00% today to close on 2,947, led by the real estate sector, which fell 4.47%. Leading real estate stocks Aldar and Sorouh fell 4.86% and 4.36% respectively. The only category to rise today was the industrial se
The Borse Dubai International Investor Conference New York 2009 has opened, co-hosted by Dubai Financial Market (DFM) and NASDAQ Dubai, in cooperation with Citigroup Global Markets and Goldman Sachs. Dozens of meetings are taking place between list
The following stocks may rise or fall in Persian Gulf markets. Stock symbols are in parentheses and prices are from the last close. The Dubai Financial Market General Index added 5.2 percent and Abu Dhabi’s ADX General Index gained 2 percent. Qatar’s
The Dubai Financial Market (DFM) yesterday regained most of its losses incurred at the beginning of the week despite continued high volatility in the market. Analysts, however, said the correction mode could continue in the near-term due to the impact