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07/04/2016 08:01 AST
Stock markets in the Gulf may recover some of the previous session’s losses on Wednesday as oil prices stage a comeback, but investors are likely to be cautious ahead of first-quarter earnings season in the region.
Brent futures bounced from one-month lows and were trading 1.9 per cent higher at $38.59 in early Asian trade on Wednesday.
On Tuesday Gulf bourses pulled back, with Qatar’s index falling 2.2 per cent as investors dumped blue chips.
But Dubai’s index , although it slid 0.3 per cent to 3,370 points, closed well off its lows as speculative stocks built momentum in the final hour of trade.
Oman Daily Observer
Ticker | Price | Volume |
---|---|---|
SABIC | 114.77 | 5,915,941 |
SAMBA | 26.98 | 1,138,683 |
DARALARKAN | 13.47 | 74,648,349 |
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
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
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
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
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