GCC Stock Markets Daily

AIG bail-out saves Gulf bourses
Two days after the sharp losses that followed the collapse of Lehman Brothers all local bourses rebounded, regaining some of their losses by responding positively to the announcement that the US administration is to step in to save AIG, the largest insurance firm in the world.
Middle East: Wednesday, September 17 - 2008 at 19:46

Gulf markets plummet for second day
For the second consecutive day, Gulf markets continued to lose more points following the collapse of Lehman Brothers and the sale of Merrill Lynch to Bank of America. Government investment arms had to interfere to save local markets, the Kuwait government managed to change the 2% decline of KSE into a slight rise, while ADX rebounded up 0.42% following institutionalized interference.
Middle East: Tuesday, September 16 - 2008 at 19:57

Foreign sales deepen Gulf crisis
All seven Gulf markets have witnessed one of the worst falls so far with sharp retreats, including Doha and Saudi Arabia which didn't see the rise of a single share. For the second consecutive day, Doha lost 7% with a combined loss of 15% in just two days, followed by Saudi's Tadawul down 6.5%, ADX 4.3% and KSE 3.8%.
Middle East: Monday, September 15 - 2008 at 19:20

Worst of days for Qatar and DFM as Gulf markets fall sharply
Gulf markets experienced one of their worst declines since summer, registering new record lows and breaking new benchmarks. Doha witnessed the biggest decline among the seven markets, down 6%, while the combined UAE markets lost Dhs19.2bn, following on from their losses of Dhs51bn last week.
Middle East: Sunday, September 14 - 2008 at 20:17

Saudi market welcomes new system with 4% decline
The Tadawul responded to new changes in the pricing units with a sharp decline yesterday, which reached 4% and saw the Saudi market give up the 7,800 points mark for the first time this year. A state of confusion prevailed among brokerage offices, with the implementation of the new price change unit system, which has three standards.
Saudi Arabia: Sunday, September 14 - 2008 at 09:48

A week of massive decline as UAE shares lose Dhs51bn
UAE shares have suffered a Dhs51bn loss this week, the biggest among Gulf stock markets. Its general index closed down an average 7.1%, thanks to the Dubai Financial Market (DFM) dropping 9.1% and Abu Dhabi Securities Exchange (ADX) 6.4%. Muscat fell 7% for the week, Doha 6%, Kuwait Stock Exchange (KSE) 6%, Tadawul 4.4% and Bahrain 1.8%.
Middle East: Thursday, September 11 - 2008 at 18:58

Gulf stock markets hit 2008 low
More losses reported across the region's markets, with insiders blaming investigations and international influences for negative values. For the second consecutive day, Gulf markets have witnessed a painful and sharp decline with Doha only 0.5% away from losing all its gains since the beginning of the year, while Muscat has already lost all of its 30% gains and is now 4.4% down.
Middle East: Thursday, September 11 - 2008 at 09:11

Tadawul continues to fall
Moderate rises continue at Bahrain, ADX and Dubai by 0.47%, 0.33% and 0.18% respectively, while Doha rose by 1.2%. Tadawul fell sharply yesterday, losing 2.6%. Muscat market rose by 0.59% one day after a sharp fall, while Kuwait fell slightly by 0.05%.
Middle East: Wednesday, September 10 - 2008 at 09:08