GCC Stock Markets Daily

Weekly report: Huge losses, Muscat is the only winner
Gulf stock market witnessed huge losses by the end of the week, except for Muscat's market which was the only winner showing a slight increase of 0.74% despite having had sharp decline in the middle of the week.
Middle East: Thursday, July 10 - 2008 at 11:27

Saudi and Kuwaiti markets continue to fall on back of war fears
Analysts believe that the possibility of a war in the region with Iran is behind the sharp decline in the Gulf markets. The Saudi index fell 3% to below 9,000 points, losing 5.3% now in two days. The Kuwait Stock Exchange had its highest single-session loss this year, falling by 2% and below 15,000 points.
Middle East: Wednesday, July 09 - 2008 at 20:25

Gulf markets in turmoil; Tadawul the biggest loser
Stock markets around the Gulf were in a state of panic today, as all bar Muscat and Bahrain declined. While other markets suffered random selling - and the Tadawul in Saudi Arabia declined sharply - Muscat rose on the back of the government's sale of 25% of Omantel's shares.
Middle East: Tuesday, July 08 - 2008 at 19:46

Omantel sale pushes Muscat shares
Muscat's stock market registered a strong 1.2% rise today, after the sale of 25% of Omantel to a strategic partner, pushing the telcos share up 2.4%.
Oman: Monday, July 07 - 2008 at 20:23

Emaar falls to its lowest price since the start of the year
Unexpectedly, Dubai's Financial Market fell sharply today, losing 1.5% and pushing the index below 5.500 points, while Emaar registered its lowest price since the beginning of the year, closing at Dhs10.55. Beside DFM, three other Gulf markets fell today including Doha's market which fell by 0.78%, KSE by 0.71% and Bahrain by 0.14%. Saudi's Tadawul Market rose strongly today going up by 1.1%, Muscat rose by 0.63% and Abu Dhabi market by 0.14%.
Middle East: Sunday, July 06 - 2008 at 21:29

Saudi shares welcome Maaden IPO with 1% fall
The IPO launched by Maaden, which is the second largest witnessed by the market after Inmaa Bank, has been received with a bourse decline of 0.94%. Maaden has launched 462.5 million shares, representing 50% of its capital, or SR9.2bn. Each share has been priced at SR10 as a nominal value with another SR10 as issuance fees, while the Saudi government will retain 50% of the company's shares.
Saudi Arabia: Sunday, July 06 - 2008 at 09:59

Abu Dhabi biggest winner as Kuwait stocks fall hardest
The Abu Dhabi Securities Exchange topped list for the five Gulf markets which registered a week-end rise. It climbed 2.5% over the week, despite ending today down 0.31%. With the exception of Muscat and Bahrain, all Gulf markets declined during trading today.
United Arab Emirates: Thursday, July 03 - 2008 at 20:04

Dubai and Kuwaiti stocks fall as other Gulf markets rise
Gulf markets continued the upward trend that saw in the second half of the year, with the exception of the Kuwait Stock Exchange (KSE) and Dubai Financial Market (DFM). The Muscat, Abu Dhabi and Doha markets were back to the historic highs they lost during the second half of last month.
Middle East: Wednesday, July 02 - 2008 at 20:44