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The same thing has also happened to Tadawul, which lost its 4.6% gains closing, down by 1.5%, while KSE continued to decline losing 0.09%.
Other GCC markets rebounded regaining much of their losses after the international …Read full article » Middle East: Thursday, October 30 - 2008 @ 11:27
The flow of liquidity in Saudi and Dubai markets saved the two markets, while the rest of regional markets continue to witness weak trading volume.
Doha registered the strongest fall, losing 5.2%, followed by Kuwait …Read full article » Middle East: Wednesday, October 29 - 2008 @ 10:28
Local Gulf markets continued their downward trend, after pressure from banks on lending continued to affect liquidity in the market. Leading shares declined by a maximum limit of 10%, including Emaar, despite buying 9.2% of …Read full article » Middle East: Tuesday, October 28 - 2008 @ 09:44
Despite the approval of many measures by GCC finance ministers and central bank governors to limit the impact of the world crisis, local markets preferred to ignore the positive decisions and fell sharply, some by …Read full article » Middle East: Monday, October 27 - 2008 @ 10:23
The Saudi index fell below 6000 points to 5564 during the session before closing at 5.624 points, which is its lowest point in almost four years.
The market effectively ignored the Riyadh meeting, which issued highly …Read full article » Saudi Arabia: Sunday, October 26 - 2008 @ 08:00
The DFM reacted positively, closing up 1.5% on the day and 1.6% for the week.
But Dubai was the only winner today among the regional markets. In Kuwait, traders protested against the continuous decline, which has …Read full article » Middle East: Thursday, October 23 - 2008 @ 20:49
Dubai Financial Market, which was the biggest winner, fell by 4.2% after heavyweights Emaar and Emirates NBD fell sharply.
The Saudi market came second in terms of decline by 3.7%, to end its week down by …Read full article » Middle East: Thursday, October 23 - 2008 @ 09:15
Saudi Arabia Monetary Agency (Sama) announced yesterday that it would be pumping $3bn into the banking sector for the first time in ten years to activate liquidity, while each bank will get between $200,000 and …Read full article » Middle East: Wednesday, October 22 - 2008 @ 09:49
Analysts were expecting Emaar to lead DFM index to a sharp decline after the company announced yesterday a drop in Q3 profit by 3.8% to
reach Dhs1.5bn, while its operational profits rose by 15% to …
The record profits posted by many companies failed to drive the market up, while traders kept a close eye on the movement of the international markets.
The CEO of Shuaa Capital, which posted losses of Dhs371.1m, …Read full article » Middle East: Monday, October 20 - 2008 @ 11:11