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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.
Referring to the demand of existing tenants to reduce the rent and due to the current changes in the real estate market and based on the study and recommendations of the Director of Real Estate (Mawt
Adnoc Distribution shares began trading on the Abu Dhabi stock exchange (ADX), the bourse's first new stock listing for six years. The shares, which debuted at Dh2.5, surged by 16 per cent in the ope
Shares on the Muscat Securities Market (MSM) recovered on better support at lower levels. The benchmark MSM30 Index ended on a positive note at 5,050.54 points, up 0.19 per cent. The MSM Sharia Index
Times of Oman
Broad-based buying was witnessed on Dubai bourse as the index witnessed a reversal from its key support zone.
Dubai Islamic Bank provided the support to the index in absence of trading in
Upbeat sentiments continued for the third day running on UAE’s two main bourses, with trading companies gaining around Dhs7 billion on Tuesday, bringing to Dhs14.6 billion the total profits over thre
The Gulf Today