Bulls helped Qatar’s main index bounce back to breach the psychologically critical level of 7,000 to 7,032 yesterday after the 20-share benchmark took a massive plunge on Sunday. Local institutional investors provided net buying support which buoyed t
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
While Oman’s MSM30 Index increased 0.9 per cent and the Kuwait Stock Exchange index gained 0.4 per cent, Bahrain’s measure fell 0.8 per cent. Saudi Arabia’s Tadawul All Share Index rose 0.5 per cent to 6,343.07 at 2:13pm in the kingdom. Dubai shar
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
Reversing a four-day bearish run, Qatar’s bourse yesterday gained 2.08% to cross the 7,000 mark on attractive valuations, which encouraged mainly local institutions to extend the buying support. Paced by QNB, Qatar Islamic Bank and Doha Bank, the
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
The market ended the day in the green, reversing several days of losses. Some equities declined between 20-30 percent when the market was declining, so investors are entering the market as they see a trading opportunity. Global General Index (GGI) a
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
Saudi Arabias Tadawul index gained 0.93% today to close on 6,371, led by the insurance and petrochemicals sectors which rose 2.88% and 2.19% respectively. Anaam Holding was the days big gainer, up 9.93%. Overall, 97 stocks gained while 24 declined.
The Qatar Exchange was in green area Monday adding 143.15 points or 2.08% to 7,032.03 points from 6,888.88 Sunday. The volume of shares traded on Qatar Exchange fell to12,357,577 from 15,335,237 on Sunday; the value of shares was down to