Kuwait stocks pulled lower on Monday, snapping the gaining streak as jittery investors brace for the fourth quarter results. The index slipped 10.6 points in slightly volatile trade weighed by profit taking in select middle level stock. The bourse
Qatar Real Estate (Alaqaria) ended higher for a second day after agreeing terms for a merger with Barwa Real Estate, but the latter was down. According to the deal terms, each Alaqaria share will be exchanged for 1.1 Barwa shares, so the two stock
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
Saudi Arabia’s stock market benchmark Tadawul All Share Index (TASI) index dropped 0.42 percent to 6,291.39 points on Monday’s trading, its second straight decline, over disappointing bank earnings results in the fourth quarter of 2009. Saudi bank
Qatar’s bourse was on its bearish run for the second day yesterday mainly on local institutional profit booking and foreign counterparts’ lesser buying support. The 20-stock benchmark settled 0.43% lower at 7,004.68 points, mainly paced by Qatar I
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
The Kuwait Stock Exchange (KSE) closed on a mixed note yesterday as most blue chip stocks closed at their previous levels unchanged, while Agility rose for the fifth consecutive session. Global General Index (GGI) added a marginal 0.19 points (+ 0.10
Saudi bank shares tumbled Monday following disappointing earnings, weighing on the index, as most Middle East bourses retreated in thin trading as cautious investors awaited further results. Dubai’s index slipped to a two-week low, Kuwait fell for the
Regional markets continued to suffer following Dubai World’s announcement on 25 November 2009 that it would seek a standstill agreement with creditors and an extension of loan maturities until at least 30 May, 2010, the latest Rasmala MENA equity r