Leading providers of investment research, business and IP research and company valuation services
Easing inflation, strong corporate earnings and positive developments on Dubai World’s debt repayment helped GCC markets register strong gains in the week. The DFM (6.9%) was the top gainer during the week, while other GCC markets – barring Bahrain that closed flat – advanced 1–2%. UAE: UAE markets exhibited a positive trend in the week [...]
GCC markets exhibited mixed trends during the week. Qatar markets gained the most with a strong market breadth. Bahraini markets ended the week higher by 2%. The TASI, which also had positive market breadth, rose 3%. UAE: UAE markets witnessed a mixed performance during the week. The DFM, up 3%, continued the previous week’s uptrend [...]
GCC markets posted gains with Qatar and the UAE advancing the highest this week by 3.7% and 4%, respectively. Banking stocks reported steady gains across markets and markets in Saudi Arabia, Oman and Kuwait also displayed modest gains of less than 0.5%, while Bahraini markets posted 1.14% gain. UAE: Value buying emerged in the UAE [...]
All GCC markets, except Oman, ended the week on a negative note. UAE market continued to witness selling pressure, while Saudi market pulled back from last week’s corporate earnings-led rally. Oman appeared to be bucking the GCC trend on the back of robust earnings results through the week; MSM index closed 1.67% higher. Kuwait and [...]
GCC markets ended the week on a mixed note. The UAE market witnessed selling pressure owing to renewed concerns over the debt level of Dubai World. The Saudi market edged higher due to strong corporate earnings results, while markets in Qatar and Oman closed lower. The Kuwaiti government’s investment plans were viewed positively—the KSE gained [...]
GCC markets ended the week on a negative note, with Dubai (down 7%) cracking the most. All markets, except Bahrain, failed to extend last week’s gains. Investors in the region looked to the corporate earnings season for cues; mixed results were reported in Saudi Arabia. UAE: UAE markets saw heavy profit booking, ending the two-week [...]
GCC markets ended the first trading week of the year on a positive note. All markets, except Bahrain, ended the week with 1–3% gains. Oman (up 3%) and Saudi Arabia (up 2.3%) gained the most. UAE: UAE markets extended last week’s gains, with DFM and ADSM adding 1.9% and 1.2%, respectively, in the week. News [...]
GCC markets witnessed mixed trends in the last trading week of the year 2009. While UAE, Oman and Bahrain markets ended on a positive note, those in Qatar, Saudi Arabia and Kuwait closed 1-2% lower in the week ended December 31, 2009. UAE: UAE markets recovered after last week’s downtrend. The DFM and ADX gained [...]
News & Views General Topaz Energy and Marine, a wholly owned subsidiary of Oman’s Renaissance Services, divested its offshore support vessel TEAM Siam to Thailand’s Mermaid Offshore Services Ltd for $29.5 Mn. Bahrain Flour Mills Company received about BD10 Mn as a government subsidy in 2009, due to the rise in the global wheat prices. [...]
News & Views General Gulf Finance House bought back $9 Mn worth of sukuk in the fourth quarter of the year. US-based Ripplewood Holdings sold the remaining 4.7% stake in Egypt based Commercial International Bank. Abu Dhabi government announced the establishment of the Emirates Nuclear Energy Corporation, which will award AED151 Bn worth of contract [...]
