05302016Mon
Last update: Mon, 30 May 2016 06am

Markets - Equity

Markets - Equity - Middle East & Africa

Gulf bourses rise in early trade as oil breaks $50 DUBAI: Gulf shares rose in early trade on Thursday as oil prices climbed to hit their highest levels in six months and global equity markets edged higher.Petrochemical shares lifted Riyadh's index 0.6 percent with Saudi Basic Industries, the largest listed producer, adding 1.2 percent as Brent oil prices broke over $50 a barrel in Asian trade.Makkah Construction added 0.6 percent after it reported a 6 percent rise in its quarterly income. The company attributed the growth to higher occupancy at its Mecca-based Hilton Towers.Dubai's index added 0.6 percent, boosted by a 1.8 percent rise in the largest listed real estate company Emaar Properties.Abu Dhabi's index reversed earlier losses and rose 0.4 percent, lifted by a 3.8 percent jump in Dana Gas. Similarly Qatar's index was 0.5 percent higher with support from oil-linked shares. Gulf International Services , an oil drilling provider, climbed 3.0 percent.Copyright Reuters, 2016


Markets - Equity - Europe

European shares mixed, weighed down by underperforming periphery LONDON: European shares were mixed on Thursday, with banks in Italy and Spain on the back foot following a recent rally while commodity stocks were boosted as Brent crude oil prices hit $50 a barrel for the first time since November.The STOXX Europe 600 was down 0.1 percent at 348.06, with the FTSEurofirst 300 flat. Both indexes hit a 4 week high in the previous session.Britain's FTSE 100, France's CAC and Germany's DAX were all ...

Markets - Equity - Asia

Hong Kong shares little changed, Fed hike worries curb risk appetite HONG KONG: Hong Kong stocks were little changed on Thursday following sharp gains the previous session, with renewed concerns about a possible near-term U.S. interest rate hike curbing risk appetite.The Hang Seng index rose 0.1 percent, to 20,397.11, while the China Enterprises Index lost 0.1 percent, to 8,526.19 points.Most sectors rose, with energy shares leading the gains as Brent crude oil prices rose above $50 a barrel for the first time in nearly seven months.Copyright ...

Markets - Equity - Asia

China stocks close slightly higher, climb off 2-1/2 lows SHANGHAI: China stocks closed marginally higher on Thursday as late buying of large cap stocks helped equities bounce off the 2-1/2 month lows hit in the morning session.The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 0.2 percent, to 3,064.21, while the Shanghai Composite Index gained 0.3 percent, to 2,822.44 points.Earlier in the session, the CSI300 fell to 3,027.44 points, a level not seen since mid-March.Despite the late swing into positive ...

Markets - Equity - Europe

EM stocks hover off 10-day highs, $50 oil supports LONDON: Emerging stocks hovered near 10-day highs on Thursday as oil price gains lifted markets in Russia and other oil producers, while hopes of a currency devaluation pushed Nigerian stocks to new 4-1/2 month highs.Emerging assets have pushed higher this week helped by a strong performance on Wall Street and other developed markets, while oil prices have risen back above $50 a barrel for the first time in nearly seven months.Higher oil boosted crude producers, ...

Markets - Equity - Asia

Hong Kong and Shanghai stocks up by close HONG KONG: Hong Kong and Shanghai stocks closed higher Thursday, helped by the buying of energy shares as oil prices passed the $50 a barrel mark.The Hang Seng Index added 0.14 percent, or 29.06 points, at 20,397.11.The benchmark Shanghai Composite Index rose 0.26 percent, or 7.35 points, to 2,822.44, as the Shenzhen Composite Index, which tracks stocks on China's second exchange, gained 0.48 percent, or 8.70 points, to 1,808.93.Copyright AFP (Agence France-Presse), 2016

Markets - Equity - Asia

China stocks close slightly higher, climb off 2-1/2 month lows SHANGHAI: China stocks closed marginally higher on Thursday as late buying of large cap stocks helped equities bounce off the 2-1/2 month lows hit in the morning session. The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 0.2 percent, to 3,064.21, while the Shanghai Composite Index gained 0.3 percent, to 2,822.44 points.Earlier in the session, the CSI300 fell to 3,027.44 points, a level not seen since mid-March.Despite the late swing into ...