GCC Stock Markets Daily

Gulf markets rise after series of declines
UAE shares stabilized for a second straight day registering slight rises after a move by the Dubai government to fight corruption received a positive response from traders pushing the index ahead. The Dubai Financial Market rose slightly yesterday by 0.05% while the ADX rose by 0.17%. The biggest rise of the day was registered by Muscat by 1.2% and Doha 0.42%.
Middle East: Wednesday, August 20 - 2008 at 07:06

Dubai's market rises following move to fight corruption
The decision taken by the Dubai government to fight corruption in its private and public sectors gave traders a feeling of comfort yesterday. The Dubai Financial market climbed 0.47% while the ADX rose by 0.53% amid low trading values with less than Dhs1bn. Analysts expect the new measures to fight corruption will increase liquidity in the market.
Middle East: Tuesday, August 19 - 2008 at 07:25

Mixed day on Gulf stock markets
The Gulf stock markets started the week in similar fashion to performance last week, with four markets declining while three rose. The Doha stock market registered the biggest decline, falling 0.79%, with the Dubai Financial Market (DFM) down 0.57%, Bahrain 0.36% and the Abu Dhabi Securities Exchange (ADX) 0.07%.
Middle East: Monday, August 18 - 2008 at 01:23

Tadawul releases list of big investors
Few well-known names were among the list of investors with stakes of 5% or more in firms listed on the Tadawul, which was published yesterday to boost transparency. The market's response was significant, with a 1.6% rise amid improving in trading value, which reached SR5.3bn. On the Tadawul, prices for 110 firms rose, with only nine falling.
Saudi Arabia: Sunday, August 17 - 2008 at 13:37

UAE's weekly losses total Dhs37.6bn
Gulf financial markets declined sharply today, except Muscat, which closed 0.33% up by the end of the week. UAE shares have lost Dhs37.6bn after its general index fell by 4.6% with an overall decline of 8% since the beginning of the year. The Abu Dhabi market topped Gulf markets' decline, falling 5%, followed by Doha 4.2%, the Dubai Financial Market (DFM) 3.4%, the Kuwait Stock Exchange (KSE) 1.4% and Bahrain 0.14%.
Middle East: Thursday, August 14 - 2008 at 19:57

Gulf markets heave a sigh of relief
A collective rebounding of Gulf markets has been witnessed, with all markets registering a rise except for Kuwait. Muscat regained 7.5% of its losses after rising by 3.4%, Dubai Financial Market rose by 2.6%, Abu Dhabi by 1.6%, Bahrain by 0.66% and Doha by0.95%, while the Saudi market rose up slightly by 0.28% but ended its week down by 3.1%.
Middle East: Wednesday, August 13 - 2008 at 21:37

UAE shares enter danger zone
UAE shares have entered the danger zone according to analysts after the DFM broke the 5,000 points mark, falling by 2% yesterday, while ADX broke the 4.400 points mark, falling by 1.8%. This adds a further Dhs13.3bn of losses, with overall losses reaching Dhs56.5bn in three days.
United Arab Emirates: Wednesday, August 13 - 2008 at 10:48

Gulf markets witness further declines
The Gulf stock markets continued to fall for the second consecutive day, except for the Saudi market which rose today by 2.3% after the index broke the 8,000 points mark. Muscat was the biggest loser today with a decline of 5.7%, followed by ADX which fell sharply by 3.8% to join Dubai Financial Market which lost 1% today. Doha also fell by 2.5%, Kuwait by 1% and Bahrain by 0.80%.
Middle East: Monday, August 11 - 2008 at 20:04