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Markets - Stocks - 2021-02-25
Global share rally, rising oil prices buoy Gulf bourses
Stocks

Global share rally, rising oil prices buoy Gulf bourses

  • Brent oil climbed to a 13-month high of $67.30, after US government data on Wednesday showed a drop in crude output as a deep freeze in Texas disrupted production last week.
  • Saudi Arabia's benchmark share index rose 0.9%, with Al Rajhi Bank rising 2% and Saudi Telecom Company climbing 3.3%.
Published 25 Feb, 2021 09:25pm
TSX falls as energy, materials stocks drag
Stocks

TSX falls as energy, materials stocks drag

  • The energy sector dropped 0.1%, while the materials sector, which includes precious and base metals miners and fertilizer companies, lost 1.3%.
  • Toronto Stock Exchange's S&P/TSX composite index was down 65.27 points, or 0.35%, at 18,419.26.
Published 25 Feb, 2021 09:21pm
Wall St opens lower as tech shares fall
Stocks

Wall St opens lower as tech shares fall

  • The S&P 500 opened lower by 9.63 points, or 0.25%, at 3,915.80, while the Nasdaq Composite dropped 85.33 points, or 0.63%, to 13,512.64 at the opening bell.
Published 25 Feb, 2021 08:48pm
GameStop shares rise in early trade before being halted
Stocks

GameStop shares rise in early trade before being halted

  • The stock hit $160 at the open before being halted after several minutes of trading. Shares were changing hands at around $129 before the second halt.
  • A short squeeze takes place when the price of a heavily shorted stock rises sharply, forcing short-sellers who had bet against the stock to buy it at those prices to avoid further losses.
Published 25 Feb, 2021 08:13pm
Short squeeze boosts Air France KLM as travel stocks fly
Stocks

Short squeeze boosts Air France KLM as travel stocks fly

  • Air France-KLM and Lufthansa outperforming the rest of the sector today may reflect some short positions unwinding given they are some of the most heavily shorted names in the sector.
  • They are among the most sensitive to changing sentiment on traffic recovery prospects given high financial leverage and traditionally high operating leverage to revenue fluctuations.
Published 25 Feb, 2021 06:45pm
Indian shares end higher as Reliance, energy stocks gain
Stocks

Indian shares end higher as Reliance, energy stocks gain

  • The NSE Nifty 50 index ended 0.77% higher at 15,097.35 and the S&P BSE Sensex closed up 0.51% at 51,039.31, ahead of December-quarter gross domestic product data due on Friday.
  • Reliance, which fell 3.5% on Monday, has since recovered and is up more than 4% so far this week.
Published 25 Feb, 2021 06:03pm
Stocks

FTSE 100 falls; Lloyds rises

LONDON: Britain’s main stock index fell on Wednesday as a stronger pound weighed on exporters, while Lloyds ...
Published 25 Feb, 2021 04:58am
European shares up
Stocks

European shares up

ROTTERDAM: European shares rose on Wednesday, supported by stronger-than-expected growth in Germany’s economy,...
Published 25 Feb, 2021 04:58am
Nikkei closes below 30,000 mark
Stocks

Nikkei closes below 30,000 mark

TOKYO: Japanese shares fell on Wednesday, closing below the 30,000 milestone for the first time in seven sessions, ...
Published 25 Feb, 2021 04:58am