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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.
Visitors browse financial data at the Dubai Financial Market (DFM) in Dubai (file). Foreign selling of Dubai’s stocks accelerated in the past week as the nation’s benchmark equity index fell and the
The MSM30 Index ended in red on local selling amid low volumes. The benchmark index ended down by 0.45 per cent to close at 4,740.72 points. The MSM Sharia Index ended at 654.97 points, down 0.13 per
Times of Oman
The UAE’s main equity indices ended nearly flat on Wednesday amid weak investor appetite and as share prices of many of the blue chips declined, weighing the indices down.
The Dubai Financ
Boursa Kuwait’s first roadshow in London in collaboration with multinational financial services firm Goldman Sachs turned out to be an exceptional success. Eight companies listed at the Kuwaiti stock
The MSM30 Index ended with marginal gains of 0.13 per cent to close at 4,762.01 points. The MSM Sharia Index ended at 655.80 points, down 0.36 per cent. Ahli Bank was the most active in terms volume
Times of Oman