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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 [...]
All Gulf markets, except Bahrain, ended the week on a positive note with strong gains. The gains ended the string of losses the Gulf market had suffered during the first three weeks of 2009. The Muscat Securities Market (MSM) , which rose 9.3%, was the best performing. However, on YTD basis, the index has already [...]
Most Gulf Arab stock markets continued to fall, as disappointing results in the region and a slump in global markets further dented investor confidence. Risk aversion is the primary reason for the existing negativity in the Gulf markets. Analysts believe that in the coming couple of weeks regional markets would continue to be cautious and [...]
GCC markets continued to post significant losses during the second week of the New Year as market conditions failed to improve. All GCC markets ended the week on a negative note with Qatar’s Doha Securities Market posting a double-digit loss of 12.4%. During the week, other Arab stock markets plummeted in response to losses incurred [...]
