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Topic

Major stock markets

Gulf shares end mixed

Gulf shares end mixed

Published 21 Jun, 2024 06:37am
DUBAI: Major stock markets in the Gulf were mixed on Thursday amid steady oil prices, while investors awaited...
Saudi Telecom aids Saudi bourse

Saudi Telecom aids Saudi bourse

Published 06 Sep, 2021 06:14am
DUBAI: Major stock markets in the Gulf were mixed on Sunday, with the Saudi index extending gains from the previous...
Dubai drags major Gulf markets lower

Dubai drags major Gulf markets lower

Published 06 Jul, 2021 07:13pm
  • Dubai's main share index fell 0.7%, weighed down by a 1.1% drop in Emirates NBD Bank and a 1% decline in sharia-compliant lender Dubai Islamic Bank.
  • "The Saudi announcement will likely negatively affect companies in the Emirates in the short-term," said Daniel Takieddine, market analyst at FXPrimus.
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.
Global share rally, rising oil prices buoy Gulf bourses

Global share rally, rising oil prices buoy Gulf bourses

Published 25 Feb, 2021 09:25pm
  • 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%.
Major Gulf markets end mixed, Qatar snaps losing streak

Major Gulf markets end mixed, Qatar snaps losing streak

Published 24 Dec, 2020 07:17pm
  • Saudi Arabia's benchmark index fell 0.2%, hit by a 0.7% fall in Al Rajhi Bank and a 0.8% decline in the country's largest lender National Commercial Bank.
  • The Saudi economy is forecast to shrink by 5% this year, according to the International Monetary Fund.
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