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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 [...]
