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Dubai at 4-month high on Q4 optimism, Egypt extends gains |
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Dubai's bourse climbed to a four-month high on Wednesday, as hopes of strong earnings and rising European stocks lifted sentiment, and Egypt's market extended a rally on optimism about the political environment. |
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Abu Dhabi lender FGB surges on Q4; Gulf upbeat |
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Abu Dhabi's First Gulf Bank surged to a six-month high on Tuesday after its earnings beat forecasts, helping the emirate's index extend a two-week rising trend, and most Gulf Arab markets extended gains. |
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Saudi at 6-mth high as fund to buy; Egypt ends rally |
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The Saudi bourse hit a six-month high in active trading on Monday after a state-run fund said it would buy more shares, while Egyptian stocks snapped their rally ahead of talks on political transition. |
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Egypt extends rally after peaceful demos; Gulf mixed |
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Egypt's bourse continued its rally on Sunday after a 7 percent surge in the previous session on relief that pro-democracy protests last week took place without major violence, and most Gulf markets ended higher. |
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Dubai at 6-week high on property hopes; Gulf mostly up |
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Dubai's bourse jumped to a six-week high on Wednesday, as property stocks surged on hopes that Abu Dhabi's decision to restart stalled projects including the Louvre and Guggenheim museum branches would lift the struggling real estate market. |
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Political optimism lifts Egypt, Kuwait bourses |
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Signals of political stability lifted risk appetite and the bourses in Egypt and Kuwait on Tuesday while other Gulf markets were mixed, showing little reaction to rising tensions over a European ban on oil imports from Iran. |
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Egypt at 7-week high after parliament meets; Gulf mixed |
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Egypt's bourse climbed to a seven-week high on Monday after the first sitting of the country's new parliament lifted hopes of political stability, while Gulf markets were mixed. |
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Egypt's Orascom soars after resuming trade; Gulf mixed |
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Egypt's Orascom Telecom (OT) soared on Sunday following an eight-week suspension, while Qatar's bourse slumped to a three-month low as investors disappointed with proposed dividends continued to sell while other Gulf markets were mixed. |
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Saudi halts losses; UAE markets rebound |
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The Saudi stock index recovered in late trade to close 0.1 percent higher on Wednesday, halting two days of sharp losses following lower-than-expected earnings, and UAE bourses rebounded after recent falls.
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Petchems drag Saudi on Q4 woes; Egypt up |
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The Saudi bourse led declines in the Gulf, as petrochemical stocks weighed on Tuesday after Saudi Kayan Petrochemical reported a widening fourth-quarter loss, while Egyptian stocks resumed their climb. |
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