The Abu Dhabi Securities Index had a slight gain of 0.24% today, even though there were almost twice as many decliners as gainers. The health care and industrial sectors led the way, rising 3.98% and 3.60%, respectively. Overall, 17 stocks declined, t
The following stocks may rise or fall in Persian Gulf markets. Stock symbols are in parentheses and prices are from the last close. The Dubai Financial Market General Index climbed 1.2 percent and Abu Dhabi’s ADX General Index gained 0.7 percent
A sharp correction in Saudi Kayan Petrochemical shares weighed down the Saudi benchmark yesterday. Dubai’s index rose 1.2% to 2,123 points. Abu Dhabi’s measure increased 0.7% to 2,942 points. Kuwait’s index fell 0.7% to 7,280 points. Oman’s index fel
A wave of good numbers from the domestic and international markets are expected to give momentum to the UAE stock markets in the fourth quarter, analysts believe. "Catalysts for UAE equities during the fourth quarter include the Dubai bond issuan
In the absence of any major fundamental trigger, the Dubai Financial Market (DFM) staged a recovery yesterday taking cues from a positive close in the US markets last weekend. Continuing the roller-coaster trading pattern, the DFM general index r
Abu Dhabi and Dubai bourses bounced back from Thursday’s declines, led by banks and property stocks. The growth signs in Capital’s economy helped boost investors confidence in the stock markets. Abu Dhabi will grow by about four per cent in 2010,
The Abu Dhabi Securities Exchange (ADX) is again delaying its first exchange-traded fund (ETF) until sufficient investor interest builds in the investment vehicle. The infrastructure was in place to launch the product, with the exchange in dis
The Dubai Financial Market (DFM) closed at 2,123.26, going up by 1.22%. Fifteen stocks rose, 10 fell and five remained unchanged. Mazaya posted the biggest gains of the day, climbing 14.81% to Dhs3.10. Alfirdous fell the steepest, losing 4.64% to
The Abu Dhabi Securities Exchange (ADX) began the week on a high, rising by 0.74% to 2,941.72. Twenty-one stocks rose, while seven fell and seven held steady. Sorouh, Aldar and RAKProperties were all among the top five most active stocks by value and b
UAE stock markets are expected to face a period of confusion and lack of clear direction amid dwindling volumes, said analysts. Lack of strong local movers and contradicting signals from global markets will continue to dominate the sentiment in loca