GCC Stock Markets Daily
Emaar defies expectations to rise
- Emaar shares moved contrary to all expectations and rose by 7% above Dhs6 before closing at Dhs5.90, up 6.1% and dominating 52% of the total Dhs1bn trading.
- Middle East: Tuesday, October 21 - 2008 at 09:32
Sabic's profit has no impact on Tadawul
- Gulf stock markets began the week with mixed results, four markets rose, including Abu Dhabi, Doha, Dubai and Bahrain by 2.3%, 1.2%, 0.44% and 0.37% respectively while three others fell, including Saudi Arabia, Kuwait and Muscat by 3.7%, 2.6% and 0.35%.
- Middle East: Monday, October 20 - 2008 at 11:11
Sabic pushes Tadawul index down
- Tadawul index fell sharply yesterday in the final 30 minutes after rumours that Sabic Q3 profits will be less than those for Q1 and Q2, pushing Sabic down by 10%. The market went against analysts' expectations of a strong rise similar to last week in which Tadawul rose by 11%.
- Saudi Arabia: Sunday, October 19 - 2008 at 13:11
Weekly performance: Tadawul biggest winner, UAE regains Dhs20bn
- The sharp declines continued for the second day at regional markets following two days of strong rebounds after positive decisions taken by Gulf governments to support the banking sector and stock exchanges. The decline was led today by Dubai, which fell by 6.5% followed by Muscat 5.7%, ADX 4.5%, Kuwait 1.5% and Bahrain 1.2%.
- Middle East: Thursday, October 16 - 2008 at 20:06
Rollercoaster continues as Gulf markets plummet
- As expected, Gulf stock markets fell sharply yesterday except for the Saudi market which reversed its trend from 7% down to show a slight rise in the final minutes.
- Middle East: Thursday, October 16 - 2008 at 10:15
Gulf bourses continue to rise
- The upward trend continued for second consecutive day in local markets with all selling orders disappearing from the trading floors
- Middle East: Wednesday, October 15 - 2008 at 09:52
UAE shares regain Dhs41bn
- After long weeks of decline, the Gulf stock markets rose, except for Kuwait. Dubai Financial Market rose by 10.5% witnessing the rise of 20 firms by the maximum limit of 15% for the first time in its history. ADX rose by 7%, while UAE shares regained Dhs41bn from losses which had reached Dhs130bn in four sessions.
- Middle East: Tuesday, October 14 - 2008 at 10:16
UAE guarantees savings and KSA lowers interest rate
- The UAE government has issued a decision guaranteeing all assets to calm local markets and protect them from the implications of world financial crisis. The government will also pump more liquidity into local banks whenever the need arises.
- Middle East: Monday, October 13 - 2008 at 09:43
Web Feeds