The price index of Kuwait Stock Exchange ended Mondays trading session with a drop of 10.6 points to reach 7,047.9 points. The weighted index gained 0.31 points to read 388.62 points after 6,479 trades throughout the session at KD 54,968,900 and vo
Dubai shares slid to the lowest level in almost two weeks on investor concern that shareholders will not benefit from a planned purchase of a 70 percent stake in Arabtec Holding Co. by Aabar Investments PJSC. Arabtec, the United Arab Emirates’ big
The price index of Kuwait Stock Exchange (KSE) dropped 25.7 points on Monday, reaching 7,032.8 by 11:00 a.m.. The weighted index also lost 2.28 points to stand at 386.03 points. Volume of traded shares came to 312.435 million worth KD 33.2 millio
Kuwait stocks revved up on Sunday, extending the gains to the fourth straight session. The index climbed 46.9 points on back of select blue chips and some of the middle level stocks. Agility paced the day’s advance on news of the delay in a court
The price index at Kuwait Stock Exchange was down 30.1 points by 10:13 a.m. Monday and now reads 7,028.4 points, while the weighted index shed 1.94 points to read 386.37 points. The session saw 2,821 trades so far at KD 22,617,860 involving 20
Kuwait-based Global Investment House announced yesterday that the year 2009 was unstable to all GCC markets. In a report, the company said, credit default swaps on sovereign debt for the economies of the region have touched its highest records. The
Dubai shares dropped for the first time in four days after Abu Dhabi-based Aabar Investments PJSC agreed to buy a stake in Arabtec Holding PJSC for 20 percent less than the company’s previous closing price. Arabtec, United Arab Emirates’ biggest
Dubai’s Arabtec fell yesterday after the firm agreed to sell a controlling stake to Abu Dhabi’s Aabar Investments in a deal seen as negative for Arabtec’s minority shareholders, weighing on Dubai’s index. Aabar surged 4.6% to lift Abu Dhabi’s index to a
Qatar’s bourse edged 0.03% down yesterday as local retail investors boosted profit-booking. Paced by Commercialbank and Doha Bank, the 20-stock benchmark settled lower at 7,034.81 points despite buying support from foreign institutions. The market is
The Abu Dhabi Securities Exchange continued to move sideways yesterday and closed almost flat amid trading that was generally calm apart from the expected heated speculative buying of Aabar Investments. The general index advanced slightly by 5.68