GCC Stock Markets Daily

Strong starts as UAE shares regain value
Gulf Stock markets today registered a strong start for the second half of the year, with UAE shares regaining H1 losses after rising 1.7%. The Abu Dhabi Securities Exchange (ADX) rose 1.8% and Dubai Financial Market (DFM) 1.7%. UAE shares regained all of last week's Dhs14.8bn losses.
Middle East: Tuesday, July 01 - 2008 at 19:30

First half trading: Five winners and two losers
Gulf stock markets concluded the first half trading of the year today with five winners topped by Muscat which is the smallest in terms of market value but saw a rise of 25.3%. Two markets have declined in the H1 including the Saudi market by 16.3%, despite being the biggest in terms of market value, followed by the Dubai Financial Market, with a drop of 8.2%.
Middle East: Monday, June 30 - 2008 at 21:47

Gulf markets follow global exchanges
As expected, Gulf markets followed deteriorating world markets and fell yesterday, except for Bahrain which rose slightly. After Saturday's sharp decline of Saudi's Tadawul by 2.8%, the exchange rebounded in the last few minutes of yesterday's session to finish up by 0.12%.
Middle East: Monday, June 30 - 2008 at 09:57

Tadawul hit by global slump
The Saudi market fell sharply yesterday, which was attributed by analysts to the general decline witnessed in the global markets despite the exchange not being open for foreign transactions, unlike other Gulf markets like Qatar and UAE which are also expected to fall tomorrow.
Saudi Arabia: Sunday, June 29 - 2008 at 11:23

UAE shares lose all gains achieved since the start of the year
With the decline of Dubai and Abu Dhabi markets today by 0.40% and 0.06% respectively, UAE shares have lost all gains achieved since the beginning of the year, with losses reaching Dhs14bn this week and Dhs25.5bn in two weeks. With only few days left for listed firms to announce second quarter profits for the current year, Gulf Financial Markets ended a second week down, except for Kuwait which managed to close up 0.06%. Over the course of the week the Dubai Financial Market fell by 2.2% followed by Saudi Arabia by 2%, Abu Dhabi by 1.96%, Doha by 1.8%, Bahrain by 1% and Muscat by 1%. Today Bahrain rose by 0.08%, while Doha witnessed sharp fall, losing 1.7%, Muscat by 0.25% and Kuwait by 0.23%.
Middle East: Thursday, June 26 - 2008 at 22:09

Collective decline across all markets
Gulf markets witnessed extensive selling operations today which resulted in falls across the board, including the Kuwaiti Stock Exchange which has been rising for eight consecutive sessions. The Saudi market ended its week with a sharp fall of 1.5%, losing 2% in one week, while other financial markets witnessed smaller losses of 1%.
Middle East: Wednesday, June 25 - 2008 at 21:35

UAE market losses reach Dhs16bn in two days
UAE stock markets losses reached Dhs16bn in two days after today's losses hit Dhs8.8bn. The Dubai Financial Market fell for the second consecutive day by 1.14%, while the Abu Dhabi Securities Exchange fell by 0.77%. Except for Kuwait, which rose by 0.25%, and Bahrain which rebounded up by 0.19%, other Gulf stock markets witnessed a general decline, including Doha which fell by 1.3%, Muscat by 0.85% and Saudi Arabia by 0.60%.
Middle East: Tuesday, June 24 - 2008 at 20:01

Ajman Bank falls by maximum limit on second day
Gulf markets overall witnessed a general decline yesterday. Ajman Islamic Bank was indicative of this, showing a sharp fall in its second day of listing on Dubai Financial Market to the maximum limit of 15%, compared to a 1.3% decline for the general index. The Saudi Tadawul fell slightly by 0.12%, Abu Dhabi by 0.04%, and Bahrain by 0.08%, while Muscat rose by 0.41% and Kuwait by 0.11% and Doha by 0.21%. Kuwait's Stock Market crossed a new barrier at 15.600 points.
Middle East: Tuesday, June 24 - 2008 at 09:45