AME Info | GCC Stock Markets Daily

Last minutes speculations undo Saudi and Dubai gains

Thu, 30 Oct 2008 07:27:50 GMT

Last minutes speculation at Dubai Financial Market forced the index to lose its 4% gains to close down by 0.50% below 3000 points at 2917 points.

Strong rebound for Tadawul, head of Gulf Bank resigns

Wed, 29 Oct 2008 06:28:53 GMT

Except for the strong rebound of Tadawul and the slight rise of Dubai by 0.33%, other Gulf markets continued to witness heavy losses. Yesterday also saw the resignation of Bassam Al Ghanim head of Gulf Bank in Kuwait.

Emaar share buy-back pushes Dubai market down

Tue, 28 Oct 2008 05:44:00 GMT

Emaar's limited purchase of 200,000 shares, worth Dhs1.1m, led the Dubai Finance Market (DFM) into decline on Monday, with it falling 5.8% at a time when angry traders were looking for strong a rebound for shares across the index.

Gulf markets continue slump

Mon, 27 Oct 2008 06:23:57 GMT

Gulf stock markets fell sharply yesterday and trading stopped on Kuwait's Gulf Bank. Gulf stock markets started the week on a sharp decline after international markets closed.

Saudi shares decline sharply ahead of Riyadh meeting

Sun, 26 Oct 2008 04:00:45 GMT

Saudi market Tadawul fell sharply yesterday by 8.7% ahead of a scheduled meeting of GCC Finance ministers and central bank governors in Riyadh to discuss the current financial crisis.