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Abu Dhabi index

Abu Dhabi outperforms Gulf stocks as IHC extends surge
Markets

Abu Dhabi outperforms Gulf stocks as IHC extends surge

  • The Abu Dhabi index advanced 1.2%, while International Holding was up 3.4%, having jumped 15% on Sunday. IHC shares are up around 170% this year.
  • Saudi Arabia's benchmark index rose too, adding 0.2%, helped by a 0.4% gain in Al Rajhi Bank and a 0.5% increase in petrochemical maker Saudi Basic Industries.
Published 28 Jun, 2021 02:01pm
Saudi gains as major Gulf markets ease
Markets

Saudi gains as major Gulf markets ease

  • Saudi Arabia's benchmark index added 0.2%, with Al Rajhi Bank rising 0.9% and Sahara International Petrochemical Company (Sipchem) jumping 5.6% after proposing a first-half dividend of 0.75 riyal per share.
Published 24 Jun, 2021 08:01pm
Major Gulf markets gain
Markets

Major Gulf markets gain

DUBAI: Major stock markets in the Gulf ended higher on Tuesday, supported by their financial stocks, with the Abu...
Published 23 Jun, 2021 04:26am
Most major Gulf bourses in red; financials aid Saudi
Markets

Most major Gulf bourses in red; financials aid Saudi

  • Dubai's main share index declined 1%, with sharia-compliant lender Dubai Islamic Bank and blue-chip developer Emaar Properties both losing 1.4%.
  • Saudi Arabia's benchmark index finished 0.2% higher, supported by a 1.3% gain in Riyad Bank and a 1.9% increase in property firm Jabal Omar Development.
Published 16 Jun, 2021 06:23pm
Major Gulf markets mixed
Markets

Major Gulf markets mixed

DUBAI: Major stock markets in the Gulf closed mixed on Tuesday, with petrochemical shares boosting the Qatari ...
Published 28 Apr, 2021 03:18am
Most major Gulf bourses gain on corporate earnings
Markets

Most major Gulf bourses gain on corporate earnings

  • Saudi Arabia's benchmark index rose 0.9%, boosted by a 1.8% gain in Al Rajhi Bank and a 8.9% surge in Bank Al Jazira, which reported an increase in its quarterly net profit.
  • The Abu Dhabi index added 0.5%, bolstered by a 0.7% gain in top lender First Abu Dhabi Bank while telecoms giant Etisalat was up 0.6%.
Published 26 Apr, 2021 06:21pm