Qatari stocks took a beating yesterday as well with analysts saying there was no need for alarm since the slump was part of a routine fluctuation. “There is a cycle of demand and supply. There is less demand these days and that explains the fall,” sa
Abu Dhabi Securities Exchange rebounded slightly due to real estate and energy sectors, while profit booking continued in banking stocks. The ADX index added 4.56 points or 0.14 per cent, and closed at 3222.23 points. Turnover advanced in the capi
Qatari shares yesterday dropped 1.94%, its biggest one-day loss in two months as the benchmark index closed below the 7,300 mark, mainly on sustained net selling by institutional investors. Paced by Commercialbank (Cb) and Industries Qatar (IQ); the
The MSM-30 Index fell 1.7 per cent to close at 6,635 points. The total shares exchanged fell by 21 per cent to 24.598 million shares and the total value traded decreased by 4.5 per cent to RO13.436 million. Amongst the stocks, the top 10 volume were
Dubai stocks slumped amid increasing speculation and profit booking on leading stocks after they touched highest levels so far this year. The Dubai Financial Market index opened on a positive note and broke through its short-term resistance of 2350
All market indices reported gains yesterday, reversing Mondays sharp losses backed by oil prices closing higher and gold reached a record price. Further aiding the market was most of the Asian markets ended the day on a positive note. Global Gener
Dubai shares declined on Tuesday, led by stock exchange operator Dubai Finacial Market PJSC and Emaar Properties, as investors were reluctant to take strong positions ahead of the third-quarter earnings season later this month. The main index of the
The Qatar Exchange was down Tuesday 144.45 points or 1.94% to 7,292.50 points from 7,436.95 Monday. The volume of shares traded rose to 14,004,448 from 13,690,933 Monday, the value of shares was up to QR438, 704,391.25 from QR329, 187,449.30 Monda
The Dubai Financial Market General Index will climb more than 28 percent and pass the 3,000-level by the second quarter, helped by global markets and quarterly earnings, Gulfmena Alternative Investments said. “We will be moving toward the 3,000-level i
The price index of Kuwait Stock Exchange (KSE) was down 0.8 points to 7,668.2 points by 11:25 a.m. Tuesday, while the weighted index lost 0.85 points and reached 447.02 points. Some 170.8 million shares worth about KD 29 million were sealed through 3,