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
Real estate and energy sectors led the bounce in the Abu Dhabi Securities Exchange (ADX) yesterday, with its index advancing 57.43 points, or 1.97 per cent, and closing at 2977.69 points. The market opened in the positive area and continued adva
After four straight days of declines, the Dubai Financial Market bounced back today, gaining 5.24% to close on 2,185. Market heavyweight Emaar gained 7.90% to Dhs4.37, along with Arabtec, which rose 7.28% to Dhs3.24. Other big gainers included Dubai
Dubai shares ended their longest losing streak since July, led by gains in Emaar Properties PJSC and Dubai Islamic Bank, as investors speculated recent declines were overdone compared with prospects for earnings growth. Emaar, the United Arab Em
Dubai shares slumped the most since mid-August, leading a drop in the region, as Shuaa Capital reported a loss and Emaar Properties closed at its lowest in almost a month. Shuaa, the UAE’s biggest investment bank, lost the most in more than four mo
The Abu Dhabi Securities Exchange slipped yesterday amid selling pressures in real estate, energy and banking stocks, tracking movements on the Dubai Financial Market and other GCC stocks. The ADX index lost 102.84 points, or 3.40 per cent, to close at
Severe panic selling and speculation dragged the Dubai Financial Market (DFM) index down 5.50 per cent yesterday to close at 2076.56 points amid negative impacts from global and regional markets and lack of strong domestic movers. The DFM opened with a