GulfBase Live Support
Leave a message and our representative will contact you soon
25/07/2016 05:39 AST
Dubai and Abu Dhabi stocks slipped on Sunday on a dull day for the region’s indexes.
Broadly, benchmarks barely budged. The only change of more than 1 per cent was the Saudi Tadawul’s decline of 1.1 per cent.
Dubai’s DFM General Index lost 0.7 per cent. Abu Dhabi’s ADX General Index shed 0.4 per cent.
Volumes were low.
"After last week’s excitement fuelled by foreign inflows, with a few exceptions, things are dull today," said Akber Khan, the senior director of asset management at Al Rayan Investment in Doha. "It’s a Sunday in the midst of summer with few results in the region."
The stock gauges in Dubai, Abu Dhabi, Qatar and Kuwait had posted a third week of gains in the five days through Thursday as prospects for stimulus in major economies boosted demand for riskier emerging-market assets. Investors have since moderated their expectations after the Bank of Japan ruled out directly financing government debt and the European Central Bank held back monetary expansion.
Sunday’s soft performance in the GCC markets also followed a drop in the price of oil, with Brent crude falling 4 per cent last week to US$45.69 per barrel. The GCC is home to about a third of the world’s proven oil reserves.
Qatar’s QE Index gained 0.4 per cent, its first rise in three sessions. Kuwait’s SE Price Index, Bahrain’s BB All Share Index and the Muscat benchmark all rose less than 0.1 per cent.
The National
ADX 4,608.97
23.76 (0.52
DFM 3,091.15
-9.24 (-0.30
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 |
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