GCC Stock Markets Daily

Sabic and Emaar profits fail to push biggest two markets up
The profits announced by Sabic and Emaar, the two largest companies in terms of market value, have failed to push up the index of the two biggest financial markets in the region and stop the declining trend.
Middle East: Sunday, July 20 - 2008 at 20:10

Saudi shares regain last week's losses
Saudi's market rose by 2.4% regaining all of its 1.5% losses from last week. The rise came after some leading companies announced record H1 profits including Sabic and Mobily.
Saudi Arabia: Sunday, July 20 - 2008 at 10:56

All Gulf markets close week down
Gulf stock markets all experienced sharp losses for the third consecutive week. The UAE markets were the biggest losers, with losses reaching Dhs19.3bn, after the Dubai Financial Market and Abu Dhabi Securities Exchange fell by 2.3% and 2.1% respectively.
Middle East: Thursday, July 17 - 2008 at 19:26

Gulf markets continue to fall
The Gulf stock markets continued to fall for the fourth consecutive session, with only the Saudi market closing in positive territory today (up 1.7%), although it is still down for the week. Elsewhere, the colour red dominated trading screens, with the Dubai Financial Market falling sharply by 1.3%, Doha 1.1%, Abu Dhabi 1%, Muscat 0.32%, Kuwait 0.14% and Bahrain 0.01%.
Middle East: Wednesday, July 16 - 2008 at 19:36

Panic in UAE markets after Emaar falls to Dhs10
A feeling of panic prevailed at the Dubai Financial Market today after Emaar continued its downward trend to drop to Dhs10 amid fears that the whole market might collapse if the shares break that barrier. A similar feeling of panic erupted at the Saudi market, which registered a sharp decline of 5% before closing down 4.3%. A mass decline has been witnessed today in Gulf markets; DFM fell by 0.44%, ADX by 0.25%, KSE by 0.54%, Doha by 0.35% and Bahrain by 0.10%. Muscat was the only winner today, going up by 0.29%.
Middle East: Tuesday, July 15 - 2008 at 21:04

UAE, Doha regain losses, Kuwait falls
Three Gulf markets regained some of their losses from last week, including Doha which rose by 2.2% today. UAE shares regained Dhs3.7bn out of Dhs10bn lost by Dubai and Abu Dhabi yesterday. The DFM index rose by 0.54%, ADX rose by 0.55%. Muscat also retained its upward trend, rising by 0.19%. Kuwait's stock exchange witnessed correctional waves which made the market lose more than 1000 points, falling by 1.1%. The Saudi market also fell by 0.50% after its strong rise yesterday as it welcomed Al Uthaim which listed today. Bahrain fell slightly today by 0.11%.
Middle East: Monday, July 14 - 2008 at 20:37

Saudi rebounds strongly, four other markets fall
Three Gulf markets registered strong rises today including Saudi's Tadawul which jumped up by 1.6% after 5% loses last week. The three remaining Gulf markets saw sharp falls. Kuwait and Muscat continued their upward trend as KSE rose by 0.50% and Muscat by 0.25%. UAE markets have witnessed a new wave of falls, with DFM losing 1.1%, ADX 1.4%. Doha was the biggest loser with 1.7%, while Bahrain 0.10%.
Middle East: Sunday, July 13 - 2008 at 21:28

Saudi shares look for chance to finish up
Saudi shares failed to start the week with a rebound after witnessing heavy losses last week, which reached 5%, as the bourse fell yesterday by 0.04%. All 15 listed sectors fell today except for the petrochemical, media and cement industries. The insurance sector witnessed heavy losses, with six listed firms hitting the maximum limit of 10%.
Saudi Arabia: Sunday, July 13 - 2008 at 09:58