Dubais bourse plunged more than 5 percent to 2,083 points on Sunday, following the decline in US markets on Friday. International markets were hit by a strong wave of profit taking...the correlation with our markets is very heavy, says Marwan Shu
At the end of October 2009 TADAWUL All Share Index (TASI) closed at a level of 6,268.55 points, lost 53.49 points (0.85%) over the close of the previous month. On an YTD basis TASI registered a positive return of 30.51%. Highest close level for the
The price index of Kuwait Stock Exchange (KSE) shed 116.3 points in early Sunday morning trade and was at 7,231.2 points by 9:30 a. m., while the weighted index was at 410.53 after losing 12.25 points. Up to this time, 37.5 million shares worth KD 11
Despite encouraging signs of recovery in the US economy during the third quarter, doubts over its sustainability, along with weaker global markets and bleak US housing data, may set a weaker tone for the UAE bourses. However, occasional positive
Saudi stocks suffered their sharpest one-day fall since June after concerns over the strength of the economic recovery hit oil prices, and renewed worries about Citigroup’s balance sheet clouded investor sentiment. The Tadawul All-Share Index (TASI
The Qatar Exchange (QE) showed a negative performance during the week starting October 25. The official QE Price Index fell 2.06% over the previous week’s closing and finished the week at 7,135.08 last Thursday, while Alshall’s index (cap weight
Saudi shares dropped the most in four months, led by Saudi Basic Industries Corp. and Al Rajhi Bank, after oil declined yesterday and US consumer data raised concern the global recovery may be protracted. Saudi Basic Industries, the world’s larges
Kuwait Stock Exchange (KSE) continued its downward trend for the third consecutive week reaching its lowest level since May 25. The down move is fueled by investors fear regarding the third quarter results which are still showing losses specially see
Kuwait Stock Exchange (KSE) retreated last week for the third week in a row, recording, however, sharper decline than the previous two weeks. The market witnessed heavy selling activities that included stocks of different weights. Nevertheless, a n
Dubai Financial Market (DFM) announced today that it has successfully launched the state of the art high-capacity trading system “X-Stream”, known to be one of the best trading systems in the world’s financial markets. The new fully integrated tra