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Stocks
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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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Markets slide as global worries, oil weigh |
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Middle East markets fell on Wednesday as declines in oil prices and global markets spurred selling by investors, with the Saudi bourse falling to a new 11-week low. |
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Dar Al Arkan extends drop as Saudi hits 11-week low |
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Saudi Arabia's Dar Al Arkan <4300.SE> extended losses on Tuesday, with investors little moved by assurances from the developer that it would not be downgraded by ratings agencies. |
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National Bank of Kuwait hits 22-month high |
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National Bank of Kuwait (NBK) rose to a 22-month high on Sunday, extending its gains following reports that the government will provide a guarantee to local lenders for a $104 billion development plan. |
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EFG-Hermes boosts Egypt; NBK lifts Kuwait |
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Egypt's EFG-Hermes rose on Tuesday after the lender said it would to buy a majority stake in privately-owned Lebanese rival, Credit Libanais, helping the Cairo index end a four-session losing streak. |
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Market Trends
