GCC Stock Markets Daily
Saudi Inmaa shares hit 80% high on first day
- Inmaa Bank shares, which were behind the fluctuation the Saudi stock market has experienced over the past two weeks, leapt 80% at one point on Tuesday, after dominating 60% of total transactions on the exchange. But its opening day performance did not prevent the Saudi market closing the day down by 0.15%.
- Middle East: Wednesday, June 04 - 2008 at 00:19
UAE shares gain Dhs13.6bn in two days
- UAE shares added Dhs7.6bn during trading on Monday, as the Dubai Financial Market (DFM) witnessed a strong rise for the second consecutive day, up 1.2%. It has now hit Dhs13.6bn in two days.
- Middle East: Tuesday, June 03 - 2008 at 00:03
Strong gains for UAE and Qatar in markets
- Gulf stock markets posted strong performance in Dubai and Doha today, while KSA and Kuwait registered a slight decline. The stock market in Doha led the rise, gaining 1.4%, followed by Dubai, which rose 1.1%, while markets in Abu Dhabi, Muscat and Bahrain rose by less than 0.5%.
- Middle East: Sunday, June 01 - 2008 at 21:12
Saudi stocks fluctuate with new listings and IPOs
- The Saudi market continued to fluctuate from last week, despite the Basic Chemical Industries Initial Public Offering (IPO) and the listing of Re-Insurance, which rose by 105%.
- Saudi Arabia: Saturday, May 24 - 2008 at 17:06
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