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Saudi hits 3-month low on oil, global fearsSaudi Arabian shares dropped nearly 2 per cent to a three-month low, weighed by declines in the heavyweight banking and petrochemical sectors, after a fall in oil prices and global stocks. The all-share index closed 1.9 percent lower at 6, More… |
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Indian rupee hits new record lowThe Indian rupee touched a record low for the second day in a row on Tuesday as both foreign and domestic investors snapped up dollars to reduce exposure to India's cooling economy. A firmer stock market provided a bit of comfort, but More… |
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Kuwait Sept inflation hits 13-month lowAnnual inflation in Kuwait hit a 13-month low of 4.5 per cent in September, the country's state news agency Kuna cited data from the Central Statistics Office as showing on Sunday. But consumer price growth accelerated to a nine-month More… |
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Saudi index rebounds from 3-week lowSaudi Arabia's shares rebounded from Monday's three-week low, mirroring gains in world stocks, on a report that Italy may get financial support from China to avoid a default but worries persist on euro-zone debt crisis. Investors w More… |
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UAE business activity hits new low in AugGrowth in private sector business activity in the UAE plunged to a 15-month low in August as output stagnated and new order growth dropped to the lowest pace in a year, a purchasing managers' survey showed on Wednesday. The HSBC More… |
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Europe shares hit 2-year low; Swiss stocks upEuropean shares fell to their lowest close in more than two years on Tuesday, on worries that the euro zone debt crisis was deteriorating, with political discord in the region, and that major economies were headed for recession. Banks exp More… |
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Dubai hits July low, new rules drag KuwaitA sell off in Dubai pushed the benchmark to its lowest level in July, as sentiment was affected by fears of spreading euro zone crisis, while new rules by Kuwait's market regulator weighed on the Gulf state's index. Dubai's index decl More… |
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Oman hits 22-month low; Property stocks liftMuscat's index dropped 0.5 per cent to end at 5,953 points, its lowest close since July 2009, while construction and property stocks led Dubai's index to a higher close on Sunday. Oman's Renaissance Services fell for a third da More… |
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Turkey inflation at 41-year low in FebTurkey's consumer inflation fell to a 41-year low in February but rising producer prices fanned anxiety the central bank may fall behind the curve if it fails to ditch its new policy mix as oil prices increase. Consumer prices rose 0.73 pe More… |
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Dubai rises from 3-month low; DFM leadsDubai Financial Market led gainers on Dubai's index in early trading on Wednesday as buyers return following Tuesday's plunge to pick up stocks at lower valuations. DFM climbed 3.2 per cent. Late Tuesday, the company said it had paid two-t More… |
