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
The price index of Kuwait Stock Exchange (KSE) closed at a drop of 23.1 points on Tuesday, coming to 7,024.8 points, while the weighted index was at 384.23 points by closing, a down of 4.39 points. Trades came to 7,272 transactions at KD 75.5 mill
The Qatar Exchange was down Tuesday 95.12 points or 1.36% to 6,909.56 points from 7,004.68 Monday. The volume of shares traded fell to 7,555,794 from 11,954,333 Monday, the value of shares was down to QR248,877,661.15 from QR397,756,714.85 Monday. A
The price index of Kuwait Stock Exchange (KSE) was by 10:17 a.m. Tuesday down 1.5 points to 7,046.4 points, while the weighted index decreased 1.97 points to 386.65 points. Trades came to 2,833 transactions at KD 28.9 million with 311 million share
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