- Index : GCC Stock Markets Daily
GCC Stock Markets Daily
- Gulf stock markets resumed their activities yesterday, except for the Saudi market which resumes today, with sharp declines for all markets, including the UAE which lost Dhs35bn, added to its Ramadan losses of Dhs81bn.
- United Arab Emirates: Monday, October 06 - 2008 at 11:00
- Gulf stock markets have concluded the holy month of Ramadan and the third quarter of the year with heavy losses despite the strong rise witnessed this week.
- Middle East: Tuesday, September 30 - 2008 at 08:34
- Despite its rebound by 6.6% yesterday, Saudi shares ended Ramadan trading with a sharp decline of 14.8%. Saudi shares also ended the third quarter down 20.2%, becoming the worst performer among all Gulf stock markets with a decline of 32.4% since the beginning of the year.
- Middle East: Monday, September 29 - 2008 at 10:41
- One day before the beginning of the Eid holiday, sharp falls continued to grip the Saudi market causing it to break the 6900 benchmark for the first time in 15 months with a decline of 3%.
- Saudi Arabia: Sunday, September 28 - 2008 at 09:45
- UAE shares have regained Dhs12bn from its total losses, which have reached Dhs120bn since the beginning of the month, ending the week up 1.8%. ADX rose up by 2.6% and Dubai by 1% while the market value of the shares jumped to Dhs649.8bn from Dhs637.8bn last week.
- Middle East: Friday, September 26 - 2008 at 10:52
- The Saudi market saw its worst decline yet, going down 3.4% on the week. The Saudi decline is part of a wave of falls which hit the Gulf markets and was described by Global as a 'massacre'.
- Saudi Arabia: Thursday, September 25 - 2008 at 09:35
- UAE shares carried on falling for the second consecutive session and lost almost 50% of the gains achieved on Sunday. UAE markets have lost Dhs20bn today after DFM fell by 3.5% and ADX lost 2.8%. Other Gulf markets also witnessed a decline except for Doha which rose slightly by 0.08%, while Kuwait fell by 2%, Bahrain 1.4%, Muscat 1.2%, while Saudi's Tadawul remained closed because of the National Day vacation.
- United Arab Emirates: Tuesday, September 23 - 2008 at 20:55
- One day after their strong rise, gulf markets witnessed mixed movements with three markets, Muscat, Doha and Abu Dhabi, going up and four others, Dubai, KSA, Kuwait and Bahrain, reporting losses. The markets have started to witness more liquidity as investors bid to buy more shares at the current low prices, expectations indicate the markets will witness a jump after the Eid vacation.
- Middle East: Monday, September 22 - 2008 at 22:44
Index : GCC Stock Markets Daily
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