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Stocks
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Qtel at 2-yr high ahead of unit IPO; mkts rise |
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Qatar Telecom (Qtel) hit a two-year high on Wednesday, a day after Oman unit Nawras said it could raise as much as $608 million from its 40 percent initial public offering. |
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Dubai at 14-week high despite debt repayment delay |
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Dubai bluechips reversed early losses to help the emirate's index reach a new 14-week high on Tuesday, shrugging off conglomerate Dubai Holding delaying payment on a $555 million loan for a second time. |
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National Bank of Kuwait at 23-mth high; mkts up |
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National Bank of Kuwait (NBK) hit a 23-month high on Monday after a local newspaper report said an investor from the United Arab Emirates was interested in buying a stake in the lender. |
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Kuwait's Agility rises on judge's report; mkts up |
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Kuwait's Agility rallied on Sunday after a US judge's report favoured the logistics firm, spurring investors to bet on a more positive outcome to a US fraud case that had sent its shares tumbling. |
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Aramex lifts Dubai; most Mideast markets rise |
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Dubai's index and Qatar's benchmark were the region's best performers on Thursday as improving global sentiment filtered into activity in Gulf bourses. |
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Petchems lead Saudi bourse to 2-wk high; Dubai up |
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Petrochemicals led Saudi Arabia's index <.TASI> to a two-week high on Wednesday, tracking rising oil prices, but volumes may be too low for these gains to signal the start of a more sustained rally. |
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Qatar seen as safe haven as index hits 3-mth high |
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Qatar's index <.QSI> edged up to a three-month high on Tuesday, outperforming most Middle East markets as investors bet the country can best weather any shocks to the world economy.
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Orascom Construction makes brief rally on Q2 |
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Egypt's Orascom Construction Industries (OCI) hit a three-week intraday high on Monday after its second-quarter profit rose, helping the index <.EGX30> gain in another dull session on Middle East markets. |
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Saudi gains on oil price and IMF comments |
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Saudi stocks rose on Sunday, boosted by higher oil prices and positive IMF comments on the kingdom's economy, while Abu Dhabi's Aldar Properties extended its gains. |
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Abu Dhabi's Aldar rallies but markets remain subdued |
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Abu Dhabi's Aldar Properties rose on Thursday as volumes hit a two-week high, with traders saying the spike could be because of investors closing short positions or on talk of impending government support. |
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