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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 markets [...]
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 winning [...]
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 of [...]
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 2.5% [...]
GCC markets witnessed selling pressure across counters and dropped 1-2%, failing to hold on to levels achieved after a strong rally in the previous week. Baring Saudi Arabia, all other GCC markets succumbed to profit booking this week, with Dubai (down 6.4%) cracking the most.
UAE: UAE markets saw heavy selling pressure throughout the week, with [...]
Most GCC markets rebounded this week as concerns pertaining to Dubai’s debt burden eased. The Abu Dhabi government extended financial support to Dubai, increasing optimism among GCC investors. Positive developments in Dubai also helped other GCC markets gain 2–5% this week.
UAE: UAE markets bounced back, with DFM and ADX gaining 14.5% and 10.8%, respectively, during [...]
GCC markets reported a strong performance during the week ended April 16, 2009. The commendable performance of all the GCC bourses can be ascribed to the expectations of economic recovery following the action plans put forward during the G20 summit. Furthermore, the decision to slash interest rates in major markets, namely Saudi Arabia and Kuwait, [...]
GCC markets performed commendably during the week ended April 09, 2009. The robust performance of almost all the GCC bourses can be ascribed to the recent G-20 summit during which leaders put forward quite a few proposals to stabilize the global financial market and improve regulatory mechanisms. This may have encouraged investors to increase their [...]
