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March sees GCC Index drop as heavyweight sectors lag
GCC equity markets experienced a March downturn, influenced by seasonal selling pressure during Ramadan, leading to a 3.0% drop in the MSCI GCC index with Qatar suffering the steepest decline at 6.0%.
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Nasdaq edges to record
The Dow Jones Industrial Average dropped 0.8 percent. -
Bezos sells $2bn Amazon shares
He reportedly intends to sell, next July, 50 million shares of the group. -
Foreign investors’ ownership in Saudi market surges 300%
Riyadh, Saudi Arabia - The Saudi capital market has witnessed a surge in foreign investments, with the value soaring by 300% over the past five years. From 2018 to the end of 2022, the foreign investments totaled SAR 347.01 billion ($92.53 billion), according to the Capital Market Authority (CMA). This... -
Toyota factories across Japan hit by massive glitch
The news of system glitch sent Toyota's stocks into the red, trading 0.64 percent lower at 2,421.0 yen. But the shock selling seemed to have slowed before the midday break in Tokyo markets. -
Saudi Arabia’s output cut stabilizes global oil market
The market has raised prices in response to Saudi production cuts, anticipating tighter supplies. This shows producers' efforts to prevent oil prices from dropping significantly. -
UK to unveil new measures to support financial sector
Hunt, whose official title is chancellor of the exchequer, will lay out plans for an "entirely new kind of stock market" that will allow private companies to access capital markets without floating. He is also expected to detail plans to simplify the rules for buying and selling shares. -
Act wise as institutional investors fuel Bitcoin’s rise
This trend has been particularly emphasized with Blackrock, one of the world's most influential fund managers, applying for what could be the US's first Bitcoin spot exchange traded fund (ETF). Approval of this ETF could mark a significant moment for crypto, potentially sparking a surge in investment from institutional investors,... -
Global equities wobble as US data raises recession fear
London rose but Frankfurt and Paris slipped in muted trade during a holiday-shortened week, while Asian indices slipped lower. "Markets are drifting as investor thoughts start to turn towards the scale of severity, as the likelihood of a recession later in the year in the US increases," said Richard Hunter,... -
US closes SVB in biggest collapse since 2008
The move sends sent global banking shares sputtering, as markets fretted over possible contagion from America's biggest banking failure since the 2008 financial crisis. -
India’s Adani shares plunge again after stock sale cancelled
Adani himself issued a video statement on Thursday in which he insisted that the "fundamentals of our company are very strong, our balance sheet is healthy and assets robust". The slide in Adani's personal wealth has seen him fall out of the top 10 real-time Forbes rich list and overtaken... -
Microsoft to buy 4% stake in LSE
Microsoft will acquire a holding worth $1.8 bn at current prices. -
Global stock markets retreat on eve of US inflation data
If the official consumer price data Wednesday come in above analysts' forecasts, the markets could see a sharp sell-off, analysts warned. With inflation already at the highest level in 40 years, concern is growing that further interest rate increases by the world's major central banks could go too far and tip... -
Asia stocks drop, euro stuck at 20-year low on recession fear
Adding to the uncertainty was a fresh flare-up of coronavirus cases in parts of China that has seen some cities locked down as part of officials' zero-Covid policy. -
Recession fears drag down European, Asian stocks
Asian and European stock markets nursed losses Wednesday on resurgent fears that sharp interest rate hikes aimed at tackling runaway inflation could spark recession. -
GCC equities stay steady this week
It was a week of mixed fortunes for various stock exchanges of the GCC, with TASI remaining flat through the week, even as Abu Dhabi's index began posting gains on Frdiay. -
UAE, Saudi stock markets slide as inflation concerns rise
The UAE and Saudi stock exchanges posted losses this week, taking cue from the world markets that fell in reaction to galloping inflation, and rate hikes by central banks in many countries. -
UAE stocks shed gains as most GCC markets remain shut
In a week truncated by the Eid holidays across the Middle East, stocks on the UAE exchanges shed gains, while there was no trading in Saudi Arabia because of Eid al-Fitr. -
What are the GCC’s top stock exchange constituents?
What are the top constituents of stock exchanges spread across the GCC countries? Here’s our infographic. -
GCC stock exchanges witness a mixed week
The main Saudi index had a variable week, the Abu Dhabi exchange suffered a slight decline, while, the main index in Dubai closed unchanged. -
UAE and KSA stock markets remain flat this week
Against the backdrop of mounting concerns about the supply of crude oil, the stock markets in Saudi Arabia and the UAE remained subdued this week. -
GCC exchanges recoup their losses
From the UAE to Saudi Arabia, the main indexes made up for their losses as the week came to a close. -
DEWA IPO biggest since Aramco
DEWA shares soared 19% in the first minutes of trading on Tuesday. -
Spurred by higher oil prices, GCC indices post gains this week
The GCC's main indices closed higher toward the end of week, spurred by higher oil prices. The Saudi index "TASI" reached 13,314 points, achieving an increase of 0.4 percent on Thursday, its last trading day. At the same time, the Dubai index increased by 0.2 percent during the week as... -
UAE stock markets gain almost $6bn in first week of Ramadan
The two bourses have been adhering to the Monday-to-Friday workweek — the norm across most of the world — since the beginning of the current calendar year. -
UAE and Saudi stocks post gains this week
The UAE and Saudi stock markets posted considerable gains this week even as oil prices took a dip with the US tapping into its reserves to tame high crude oil prices. -
Aramco lifts TASI as UAE stocks see weekly gain
The Abu Dhabi Stock Exchange achieved weekly gains of 1.7 percent, while that for the Dubai stock exchange was 1.9 percent. -
After a week of losses, GCC indices post gains
After a week of losses, the Saudi index posted 0.9 percent increase even as the uncertainty spurred by the Ukraine conflict continued to weigh on the capital markets across the globe. -
Weekly loss for UAE markets, amid contrast for TASI
Oil prices rose by more than 20 percent this week, due to ongoing concerns about supply disruptions and Russian output. -
Israel stock exchange eyes GCC investors
In an exclusive interview, Tel Aviv Stock Exchange CEO Ittai Ben-Zeev speaks on his strategy to attract investors from the Arab world, especially the UAE and the GCC. -
Russian central bank to intervene as ruble, Moscow exchange plummet
The ruble-dominated Moex index opened down 13.97 percent, while the dollar-dominated RTS was down 20.16 percent. -
UAE indices witness a great week
The Saudi Stock Exchange’s main index TASI started and ended the week with a 0.5 percent rise despite the fluctuation. -
Saudi, UAE indices fluctuate through the week
From oil prices to company stocks buoyed by positive results, several factors resulted in changes in key benchmark indices. -
Non-Jordan investors buy less, sell more at Amman bourse
The net of non-Jordanian investments during January 2022 showed a negative value of JD5 million ($7.05 million). -
Meta stock value down $200bn
Mark Zuckerberg lost some $25 billion in value. -
TASI starts low; Emirati markets gain
The Emirati indices managed to show gains throughout the week, while the Saudi index was unchanged. -
Which are the top equity markets in the Middle East?
Here is a comparison between the top equity markets in the Middle East, and how they stack up against a couple of their global counterparts. -
GCC markets remain mixed amidst Omicron woes
Despite an increase in Omicron cases across the world, investors remain confident in the Saudi stock market. The UAE markets, meanwhile, stay cautious. -
Saudi index varies while UAE stock market starts low
A new year saw quite some ups and downs in the top stock markets in the region, even as the UAE markets adjusted to a Monday-to-Friday workweek. -
Gulf markets end 2021 on positive note
The Gulf financial markets ended 2021 on the rise, waiting to achieve significant gains next year. -
Bitcoin faces uncertain 2022 after record year
Having more than trebled in value to $60,000 between December 2020 and April, bitcoin has lost some shine to trade at under $50,000 heading into the new year. -
Gulf stocks rebound after selloff
The Abu Dhabi index recorded a weekly loss of 4.8 percent, its deepest plunge since March 2020. -
Saudi index shines, UAE stocks ripple
Global cues and local developments could not dampen the overall improvement. -
Saudi markets rocky, Abu Dhabi index loses ground
The Saudi and Abu Dhabi indices saw a choppy week, while the Dubai markets saw some good gains. -
Saudi index falls significantly while UAE market diverges
Stock exchanges in the GCC region saw quite a few ups and downs this week. -
Global ripples await MidEast markets on Sunday
Middle East markets were spared the November 26 bloodbath because they were closed on Friday and Saturday. -
New Covid-19 variant spooks global markets
Firms linked to travel were among the worst affected as investors fretted over the possibility of more government-mandated restrictions. -
Dubai Index surges 80 percent, Saudi losses continue
Dubai index outperformed GCC peers, following the emirate's announcement of plans to open a $545 million market-making fund and IPOs for 10 government-backed companies. -
This week, Gulf markets closed on a high
Stock markets in the Arab region were mostly in the green in the week gone by. -
Finfluencers turn to TikTok to peddle investment advice
Across the globe, investment gurus in their 20s are building huge followings on social media. -
Saudi index ends week down 0.4%, Qatar up 1.2%
In the UAE, the Abu Dhabi index added 0.2% with the International Holding Company gaining 0.7%. Dubai index ended the week 0.1 percent down.