Gulf bourses open weak on a soft note

08/02/2016 07:34 AST

Shares across the Arabian Gulf began the week quietly after global equities and oil prices drifted lower last week.

The S&P 500 fell by 1.8 per cent on Friday, prompting weakening prices across Europe, as the number of US jobs created in January fell far below expectations, raising concern about US economic growth.

Such concerns also played on oil prices, with Brent futures finishing the week at US$34.06 per barrel, after hitting $35.69 on Thursday.

Abu Dhabi’s headline index slipped by 0.9 per cent to 4,103.27. FGB and Etisalat, between them representing more than half of the index’s weighting, fell by 1.7 and 0.9 per cent respectively.

Invest Bank shed 5.6 per cent to Dh1.51, after the Sharjah-based lender announced a 30 per cent drop in annual profits. Shares in Dubai ended the day 0.6 per cent lower at 3,037.33, even as index bellwether Emaar Properties rose.

The developer’s shares closed up 0.9 per cent at Dh5.45 after Sheikh Mohammed bin Rashid, Vice President of the UAE and Ruler of Dubai, approved plans for a new tower, designed by the Spanish architect Santiago Calatrava. It will form the centrepiece of the Dubai Creek Harbour district.


The National

Most Viewed Companies

Ticker Price Volume
SABIC 114.77 5,915,941

Stock Market Info

ADX 4,608.97 23.76 (0.52%)

Valuation

Market
Dividend Yield (%)
P/E
Price/BookValue

Momentum

Performance
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Index vs...
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Index Chart

Top Related Companies

Ticker Price Change
ADIB 3.91 0.02 (0.51%)
FAB 11.95 0.20 (1.70%)
ADCB 6.60 0.05 (0.76%)
CBI 0.87 0.11 (14.47%)
FGB 0.00 0.00 (0.00%)

Stock Market Info

DFM 3,091.15 -9.24 (-0.30%)

Valuation

Market
Dividend Yield (%)
P/E
Price/BookValue

Momentum

Performance
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Index vs...
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Index Chart

Top Related Companies

Ticker Price Change
EMIRATESNBD 10.65 0.05 (0.47%)
EIB 9.50 0.00 (0.00%)
EMAAR 5.61 -0.03 (-0.54%)
EMAARMALLS 2.16 0.00 (0.00%)
DIB 5.30 0.00 (0.00%)

Recent News

Foreign investors pile into Saudi Arabia in March amid kingdom's FTSE upgrade

05/04/2018

Foreign investors bought $1.18 billion in Middle East and North African equities in March, especially Saudi ones amid the kingdom’s upgrade to emerging market status by FTSE Russell, according to a r

The National

Muscat bourse gains lifted by activity in financial shares

05/04/2018

Buying activity in financials lifted the MSM30 Index to 4,794.61 points, up 0.41 per cent. The MSM Sharia Index closed at 676.52 points, down 0.08 per cent. Gulf Investment Services was the most acti

Times of Oman

Dubai bourse takes a hit in traded value

05/04/2018

Traded value on the Dubai Financial Market tumbled on Wednesday as global stocks declined amid an intensifying US-China trade war. In Abu Dhabi, banking shares surged ahead of first quarter results s

Gulf News

Financial blue chips drive Muscat bourse recovery

04/04/2018

Driven by financial blue chips, the MSM30 Index continued its recovery to close at 4,775.27 points, a gain of 0.53 per cent. The MSM Sharia Index ended at 677.06 points, down 0.07 per cent. HSBC Bank

Times of Oman

Emaar Properties stock hits new one-year low

04/04/2018

Emaar Properties shares extended losses for another session on Tuesday, to hit their lowest level in a year, as selling continued on the wider Dubai gauge. Emaar Properties fell to a low of Dh5.58, b

Gulf News

logo

Financial Information Co.

P.O. Box 69410, Riyadh 11547, Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2024, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap