GCC Stock Markets Daily

Tadawul breaks 6.900 benchmark for the first time in 15 months
One day before the beginning of the Eid holiday, sharp falls continued to grip the Saudi market causing it to break the 6900 benchmark for the first time in 15 months with a decline of 3%.
Saudi Arabia: Sunday, September 28 - 2008 at 09:45

UAE regains Dhs12bn out of Dhs120bn
UAE shares have regained Dhs12bn from its total losses, which have reached Dhs120bn since the beginning of the month, ending the week up 1.8%. ADX rose up by 2.6% and Dubai by 1% while the market value of the shares jumped to Dhs649.8bn from Dhs637.8bn last week.
Middle East: Friday, September 26 - 2008 at 10:52

Sabic plummets below SR100
The Saudi market saw its worst decline yet, going down 3.4% on the week. The Saudi decline is part of a wave of falls which hit the Gulf markets and was described by Global as a 'massacre'.
Saudi Arabia: Thursday, September 25 - 2008 at 09:35

UAE shares lose 50% of Sunday's gains
UAE shares carried on falling for the second consecutive session and lost almost 50% of the gains achieved on Sunday. UAE markets have lost Dhs20bn today after DFM fell by 3.5% and ADX lost 2.8%. Other Gulf markets also witnessed a decline except for Doha which rose slightly by 0.08%, while Kuwait fell by 2%, Bahrain 1.4%, Muscat 1.2%, while Saudi's Tadawul remained closed because of the National Day vacation.
United Arab Emirates: Tuesday, September 23 - 2008 at 20:55

Mixed results on Gulf bourses
One day after their strong rise, gulf markets witnessed mixed movements with three markets, Muscat, Doha and Abu Dhabi, going up and four others, Dubai, KSA, Kuwait and Bahrain, reporting losses. The markets have started to witness more liquidity as investors bid to buy more shares at the current low prices, expectations indicate the markets will witness a jump after the Eid vacation.
Middle East: Monday, September 22 - 2008 at 22:44

Gulf markets back on upward trend
Gulf markets witnessed considerable growth today, the highest in three months, after being subject to sharp declines in the last few days. Local markets have responded positively to improvements on the international bourses following the US measures to rescue the markets.
Middle East: Sunday, September 21 - 2008 at 22:25

Tadawul rebounds but still off peak
The Tadawul in Saudi Arabia registered a strong rebound yesterday, regaining 2.7% of its total weekly losses, which had reached 9.1% or SR136bn of its market value. The biggest stock market in the region, it is trying to get back to previous highs, following a series of sharp declines after the world financial crisis left a negative impact on the region's markets.
Saudi Arabia: Sunday, September 21 - 2008 at 07:56

Saudi shares lose SR136bn on the week
Gulf stock markets have concluded the week with a sharp decline, the worst ever recorded, following the collapse of Lehman Brothers. Doha saw the biggest weekly decline, falling by 9.2% followed by Saudi Tadawul 9.1% which lost SR136bn of its market value.
Middle East: Thursday, September 18 - 2008 at 22:44