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Last minutes speculations undo Saudi and Dubai gains
Last minutes speculation at Dubai Financial Market forced the index to lose its 4% gains to close down by 0.50% below 3000 points at 2917 points.
Strong rebound for Tadawul, head of Gulf Bank resigns
Except for the strong rebound of Tadawul and the slight rise of Dubai by 0.33%, other Gulf markets continued to witness heavy losses. Yesterday also saw the resignation of Bassam Al Ghanim head of Gulf Bank in Kuwait.
Emaar share buy-back pushes Dubai market down
Emaar's limited purchase of 200,000 shares, worth Dhs1.1m, led the Dubai Finance Market (DFM) into decline on Monday, with it falling 5.8% at a time when angry traders were looking for strong a rebound for shares across the index.
Gulf markets continue slump
Gulf stock markets fell sharply yesterday and trading stopped on Kuwait's Gulf Bank. Gulf stock markets started the week on a sharp decline after international markets closed.
Saudi shares decline sharply ahead of Riyadh meeting
Saudi market Tadawul fell sharply yesterday by 8.7% ahead of a scheduled meeting of GCC Finance ministers and central bank governors in Riyadh to discuss the current financial crisis.
Emaar buys back shares, UAE markets gain Dhs18.2bn
After seeing its share price collapse over recent weeks, Emaar intervened today and bought back its shares on the Dubai Financial Market, pushing the developer up 4.5%.
Gulf markets slump despite profit announcements
Following three days of consecutive rises, Gulf stock markets fell sharply yesterday despite strong Q3 profits being posted by a number of companies. Many UAE and Qatari firms posted strong profits but still suffered a sharp decline after speculators left markets after selling at higher prices.
Dubai buoyed by speculation
For the third consecutive session, the upward trend continued at Gulf stock markets after Kuwait and Bahrain joined the trend which was led by ADX by 3.7%.
Emaar defies expectations to rise
Emaar shares moved contrary to all expectations and rose by 7% above Dhs6 before closing at Dhs5.90, up 6.1% and dominating 52% of the total Dhs1bn trading.
Sabic's profit has no impact on Tadawul
Gulf stock markets began the week with mixed results, four markets rose, including Abu Dhabi, Doha, Dubai and Bahrain by 2.3%, 1.2%, 0.44% and 0.37% respectively while three others fell, including Saudi Arabia, Kuwait and Muscat by 3.7%, 2.6% and 0.35%.
Sabic pushes Tadawul index down
Tadawul index fell sharply yesterday in the final 30 minutes after rumours that Sabic Q3 profits will be less than those for Q1 and Q2, pushing Sabic down by 10%. The market went against analysts' expectations of a strong rise similar to last week in which Tadawul rose by 11%.
Weekly performance: Tadawul biggest winner, UAE regains Dhs20bn
The sharp declines continued for the second day at regional markets following two days of strong rebounds after positive decisions taken by Gulf governments to support the banking sector and stock exchanges. The decline was led today by Dubai, which fell by 6.5% followed by Muscat 5.7%, ADX 4.5%, Kuwait 1.5% and Bahrain 1.2%.
Rollercoaster continues as Gulf markets plummet
As expected, Gulf stock markets fell sharply yesterday except for the Saudi market which reversed its trend from 7% down to show a slight rise in the final minutes.
Gulf bourses continue to rise
The upward trend continued for second consecutive day in local markets with all selling orders disappearing from the trading floors
UAE shares regain Dhs41bn
After long weeks of decline, the Gulf stock markets rose, except for Kuwait. Dubai Financial Market rose by 10.5% witnessing the rise of 20 firms by the maximum limit of 15% for the first time in its history. ADX rose by 7%, while UAE shares regained Dhs41bn from losses which had reached Dhs130bn in four sessions.
