GCC Stock Markets Daily

Saudi Stock Exchange falls sharply
The Tadawul fell sharply yesterday taking away one third of its profits from last week, which reached 5.1%, after its general index fell by 2%.
Saudi Arabia: Sunday, August 31 - 2008 at 09:54 |

Muscat biggest loser, Saudi biggest winner
Omani shares have witnessed the biggest weekly decline among all Gulf markets going down 7.1%, while Saudi's market was the biggest winner with 5.1%, followed by Bahrain at 0.11%. Doha market was the second biggest loser, going down 5.3% followed by Dubai 2%, ADX 0.88% and KSE 0.61%.
Middle East: Thursday, August 28 - 2008 at 19:52

UAE portfolios save Emaar
Dubai Financial Market managed to rebound up 2% after sharp decline yesterday and last week, Doha also rebounded up 0.44%, despite having more losses yesterday. Traders in Muscat were caught by surprise after the market fell sharply by 2.8% after witnessing a good performance over the last five sessions. ADX failed to perform and fell by 0.13%, Bahrain went down by 0.15% and Kuwait by 0.03%. The Saudi market ended its week up 5.1% after profit gaining which had already pushed the index down 0.91% after a strong performance last week.
Middle East: Wednesday, August 27 - 2008 at 19:43

'Margin call' incurs losses of Dhs17.2bn on UAE shares
UAE lenders were caught by surprise today after they received SMSs on their mobile phones from banks asking them for immediate sales of shares after Emaar dropped to new record lows at Dhs8.95. This is below its nominal value which varies between Dhs9 and Dhs10. Brokerage firms later received extensive selling orders on Emaar and other leading shares pushing the markets to close down by 2.4%, while ADX also saw a sharp decline of 2.1%.
Middle East: Tuesday, August 26 - 2008 at 20:23

Dubai and Doha decline sharply
The Dubai Financial Market declined sharply yesterday, down 1.2% and losing more than Dhs7.7bn, two days after UAE shares had regained Dhs4bn of its total last week losses which had reached Dhs16bn.
Middle East: Tuesday, August 26 - 2008 at 07:22

Sharp losses in Oman; UAE markets regain Dhs4.1bn
The Muscat market had the sharpest decline among all Gulf markets yesterday, falling 2.1% to below 10,500 points. The index has lost 3.8% in two days. Despite the decline in the Dubai Financial market by 0.16%, UAE shares in general managed to regain Dhs4.1bn of last week's losses after the ADX jumped 0.92%.
Middle East: Monday, August 25 - 2008 at 09:02

Saudis rush to buy shares before foreigners' entry
Saudi investors rushed to invest in the Saudi market after the government decided to allow foreigners to trade in the market. The index registered its highest rise since 2006, up 5.2%.
Middle East: Sunday, August 24 - 2008 at 08:48

Saudi shares bounce back
The Saudi market ended its week up 3.3%, after rising yesterday for the 8th consecutive session by 0.53%, regaining 50% of its losses since the beginning of the month. The Saudi market had declined sharply during the previous two weeks, pushing its index below the 8,000 points mark, with Sabic reaching as low as SR114.
Middle East: Thursday, August 21 - 2008 at 07:25