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Major stock markets

Gulf shares end mixed

Gulf shares end mixed

DUBAI: Major stock markets in the Gulf were mixed on Thursday amid steady oil prices, while investors awaited...
Published 21 Jun, 2024 06:37am
Dubai drags major Gulf markets lower
Markets

Dubai drags major Gulf markets lower

  • 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.
Published 06 Jul, 2021 07:13pm
Dubai leads major Gulf markets higher
Markets

Dubai leads major Gulf markets higher

  • 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.
Published 18 May, 2021 08:50pm
Global share rally, rising oil prices buoy Gulf bourses
Markets

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
Major Gulf markets end mixed, Qatar snaps losing streak
Markets

Major Gulf markets end mixed, Qatar snaps losing streak

  • 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.
Published 24 Dec, 2020 07:17pm