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Topic

Major Gulf stock markets

Dubai leads major Gulf markets higher

Dubai leads major Gulf markets higher

Published 18 May, 2021 08:50pm
  • Morgan Stanley upgrades Emaar Development to 'overweight'.
  • UAE awards ADSB $950 mln naval patrol vessel contract.
  • 24 of thirty stocks rise in Egypt's blue-chip index.
Most major Gulf bourses gain on corporate earnings

Most major Gulf bourses gain on corporate earnings

Published 26 Apr, 2021 06:21pm
  • 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%.
Qatar leads major Gulf markets higher; Egypt retreats

Qatar leads major Gulf markets higher; Egypt retreats

Published 14 Apr, 2021 08:14pm
  • Brent crude futures rose $1.01, or 1.59%, to $64.68 a barrel.
  • Saudi Arabia's benchmark index reversed earlier losses to close 0.1% higher, supported by a 0.8% increase in Al Rajhi Bank and a 2% rise in Riyad Bank.
Financials drag major Gulf markets lower

Financials drag major Gulf markets lower

Published 13 Apr, 2021 07:08pm
  • Lower demand and a slump in commodity prices eroded state finances last year. In the Middle East and North Africa, fiscal deficits widened to 10.1% of GDP in 2020 from 3.8% of GDP in 2019.
  • Saudi Arabia's benchmark index dropped 0.7%, weighed down by a 1% decline in Al Rajhi Bank and a 1.7% decrease in Saudi National Bank.
UAE markets extend gains; Saudi falls

UAE markets extend gains; Saudi falls

Published 02 Feb, 2021 06:28pm
  • Abu Dhabi, Dubai advance about 1% each.
  • Dubai set to begin AstraZeneca vaccination.
  • Saudi Arabia drops for 3rd straight day.
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