GCC Stock Markets Daily

Gulf shares gather strength, with strong rebound in Saudi Arabia
Gulf stock markets regained some of yesterday's losses, with a strong rebound in the Saudi market, which closed up 4.2%. Elsewhere, markets experienced small rises, with Bahrain up 0.53%, Abu Dhabi Securities Exchange 0.47%, Doha 0.28% and Dubai Financial Market 0.04%. Muscat market which rebounded yesterday, fell back today, losing all Monday's gains, closing down 1.8%, while Kuwait finished trading down 0.23%.
Middle East: Monday, September 08 - 2008 at 21:05

Gulf bourses panic after foreigners flee
A state of panic prevailed among traders today after all bourses declined sharply, except Muscat which rebounded by 2% after 9% loses last week. The rise in Muscat came after a recommendation by the minister of trade during a meeting with pension and investments funds in which he demanded interference by these funds.
Middle East: Sunday, September 07 - 2008 at 19:41

Saudi shares plummet ahead of new pricing decision
As usual before any new legislation, the Saudi market saw one of its worst falls in a single session, going down by 7.6%. With this decline, the index broke the 8.000 points mark before finally closing 5.4%.
Saudi Arabia: Sunday, September 07 - 2008 at 09:54

Muscat loses all the year's gains
With the end of the week, three stock markets; Muscat, Kuwait and Doha, broke strong resistance marks. Muscat lost all of the 30% gains registered since the beginning of the year. Muscat suffered the worst decline today with 3.8% to register a weekly loss of 9.1%, while all other Gulf markets ended the week down.
Middle East: Thursday, September 04 - 2008 at 20:27

Dubai and Kuwait buck Gulf markets decline
For the third consecutive day, Gulf financial markets continued to decline. Muscat fell 2.3%, Doha 1.2%, Bahrain 0.40% and Abu Dhabi 0.15%. The Tadawul in Saudi Arabia dropped 0.99% today, and closed the week down 4.4%.
Middle East: Wednesday, September 03 - 2008 at 20:02 |

Gulf markets suffer more setbacks
All Gulf markets declined in trading today, some of them sharply, putting more pressures on the indices. Muscat suffered the worst decline, falling 2.6%, followed by the Saudi market, which dropped 1.8%. Elsewhere, Doha was down 1.6%, Kuwait and Bahrain 1.3% each, Dubai 0.61% and Abu Dhabi 0.17%.
Middle East: Tuesday, September 02 - 2008 at 20:42

Gulf markets decline on first day of Ramadan
Gulf stock markets declined today in the first day of trading in the holy month of Ramdan, amid very low trading values in most markets. Five markets fell, including Kuwait and Abu Dhabi Securities Exchange (ADX), which saw sharp declines of 1.6% and 1.2% respectively.
Middle East: Monday, September 01 - 2008 at 21:09

August performance: UAE shares lose Dhs94bn, Tadawul only winner
Gulf stock markets suffered huge losses in August except for the Saudi market which ended the month up 0.19%, but remains the biggest loser since the beginning of the year, going down 21.6%. UAE shares saw the biggest losses which reached Dhs94bn after its general index fell by 11.2% including DFM 11.8% and ADX 11.3%. Muscat came second after Dubai, down 11.6%, followed by ADX 11.3%, Doha 9.7%, Bahrain 3.8% and Kuwait 3.6%.
Middle East: Sunday, August 31 - 2008 at 20:37