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News & Views General Saudi and Gulf banks may increase provisions on troubled Saudi groups towards the end of the year but levels will not be threatening – Saudi state-owned National Commercial Bank (NCB). Zain Saudi Arabia is expected to sign two-year murabaha financing worth $2.5 Bn to facilitate its network expansion in Saudi Arabia. [...]
GCC stock markets tumbled by around USD22 Bn in February 2009 as the bourses showed no signs of recovery from their dismal performance through 2008. The combined market capitalization of the seven bourses in the GCC decreased to nearly USD525.27 Bn from around USD547.4 Bn at the end of January. The decline confirms the subdued [...]
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 [...]
GCC markets exhibited mixed trends this week—while some markets posted double-digit returns, others reported marginal losses. Nevertheless, GCC markets benefited from the improved investor sentiments due to policy changes by Central banks across the world and renewed optimism following the US presidential elections. The Fed rate cut of 50 bps just before the start of [...]
All GCC markets ended in deep red for the week, with market sentiment turning negative due to the global financial turmoil, recession concerns and falling oil prices. Markets witnessed huge selling pressure throughout the week. However, the final trading day provided some respite for few markets with a slight recovery in global indices. Several indices [...]
