-
Mideast markets mixed Dubai rallies
Filed under NewsMar 19DUBAI – Orascom Construction Industries (OCI) rose on Thursday after its quarterly profit met expectations, lifting Egypts broader index, while other Middle East markets were mixed in subdued trade.
Dubai resumed its rally ahead of an imminent Dubai World debt offer. Qatar was flat at 7,315 points after Wednesdays surge while Abu Dhabi and Kuwait fell in the absence of any new catalysts. Kuwait measure fell 0.03 percent to 7,414 points.
Tagged as: Abu Dhabi National Energy Co., Ahli Bank, Alia Khalil, Bahrain;, bank;, Chief Executive, Commercial Bank of Qatar, Dubai;, EFG-Hermes, Egypt;, equities brokerage, Hashem Montasser, head of equities brokerage, Kuwait-based analyst, Kuwait;, managing director and head of regional asset management, MIddle East;, Mohamed Abu Ghoush, Mohammed Yasin, Oman, Orascom Construction Industries, Qatar National Bank, Qatar;, retail selling, Reuters;, SAR;, Shuaa Securities, UAE;, USD; -
Bank stocks slide as sentiment sours
Filed under NewsJan 13JEDDAH/DUBAI: Middle East bank stocks slumped on Tuesday following further disappointing results from Saudi Arabia lenders, while other sectors also declined as sentiment soured regionally and globally.
Dubai fell 2.4 percent, Qatar made its biggest one-day loss for five weeks, Saudi Arabia fell for a third day and Kuwait and Abu Dhabi also declined. Egypt, Oman and Bahrain all rose.
Tagged as: Aabar Investments, Abu Dhabi, Al-Ahli Bank, Alaqaria, Arab National Bank, Asia;, Bahrain;, bank stocks, bank;, Banque Saudi Fransi, Barwa, Doha;, Dubai;, Egypt;, Emaar Properties, equities brokerage, Gulfmena Alternative Investments, head, head of equities, head of equities brokerage, head of MENA equity desk, head of research, Ian Munro, JEDDAH, Kuwait;, MAC Capital, Marwan Shurrab, MIddle East;, Mohamed Abu Ghoush, Musa Haddad, National Bank of Abu Dhabi, Oman, Qatar;, real estate development;, retail, Saudi Arabia, Saudi Arabias Al-Jazira Bank, Saudi Hollandi Bank;, United States;, USD;, vice president, Wall Street -
Gulf stocks sink as confidence recedes
Filed under NewsNov 7JEDDAH – Gulf stock markets plummeted for the second week in a row, reflecting retreating confidence on the part of investors who appeared increasingly geared to the performance of global bourses, financial analysts said Friday.
However, they pointed out that oil prices and the projected spending of the governments of the Gulf countries would continue to act as key moving factors for regional markets.
Tagged as: Abu Dhabi, Ahli Bank, asset management, Bakheet Investment Group;, banking;, director for cash and equity-linked trading, Doha;, Dubai government, Dubai;, EFG-Hermes, equities brokerage, Europe;, financial services;, head of asset, head of asset management, head of equities, head of equities brokerage, JEDDAH, Keith Edwards, managing director, Matthew Wakeman, Mohamed Abu Ghoush, Moodys, oil prices;, Oman, ratings agency, Riyadh, telecommunications, The First Investor, UAE;, United States;
Translator
Recent Comments