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Qatar’s stock index climbed 1.4 percent, its largest single-day rise since July 13 as local and regional funds were again net buyers, bourse data showed.
Commodity-linked shares were some of the top performers on Tuesday, with oil and drilling service provider Gulf International Services surging 9.1 percent, Reuters reported. The traded volume surged to 12 millions yesterday from the previous session’s 7 million and the value of shares increased to QR289m from QR178m.
Rising oil prices helped Middle East indexes eke out modest gains yesterday, though shares more exposed to foreign funds followed global markets lower, weighed down by a list of worries including North Korea.
Brent oil surged 3.8 percent overnight to settle at $59.02 a barrel after major producers said the global market was on its way to rebalancing, and crude held near that level yesterday. The Dubai index added 0.2 percent as stocks favoured by local day traders were the most active; builder Drake & Scull climbed 2.4 percent.
Rising tensions between North Korea and the United States hurt Egyptian shares which are most vulnerable to foreign fund flows; private equity company Qalaa Holdings dropped 5.7 percent.
The MSM30 index ended higher to close at 4497.36 points, up by 0.17 per cent. MSM Sharia Index closed at 609.81 points, down by 0.10 per cent. Alizz Islamic Bank was the most active in terms of volum
Times of Oman
Saudi Arabia’s Tadawul index tumbled 7 per cent on Sunday, extending the global sell-off after threats of sanctions from the US president Donald Trump. The Tadawul index fell as much as 7,001.94, or
Kuwait stock index dipped below the 5000 pts mark after charting a sluggish course in the previous week.
The All Shares Index slid 73.27 points to a broad decline to 4992.54 pts led by hea
If you think that a sell-off in regional markets was good enough to resort to bargain buying, think again. The Dubai Financial Market General index closed 1.97 per cent lower at 2,755.32, and has she
Boursa Kuwait ended last week in the red zone. The Premier Market Index closed at 5,257.16 points, down by 1.09%, the Main Market Index declined by 0.49% after closing at 4,718.42 points, and the All