Gulf bourses have mixed cues on Sunday with global markets recouping losses on Friday, amid lingering caution on the outlook, but Saudi Arabia's exchange experienced a sell-off the previous day.
Oil bounced from 18-month lows on Friday
All seven Gulf markets advanced on Sunday, spurred by Saudi Arabia's surge the previous day as institutional buying swelled trading volumes.
Brokers said investors are increasingly optimistic and believe the likely effects of the credit cr
Stock markets in the Gulf states ended 2008 sharply lower as the energy-dependent economies were battered by the global financial crisis while oil prices plummeted.
Most of the seven markets witnessed their worst year ever with the bourse
Most Gulf bourses ended firmer on Wednesday as investor sentiment improved modestly amid a raft of policy proposals in the Gulf aimed at coping with the credit crisis.
'At the end of the session, we saw an acceleration of buying but vo
Gulf Arab markets fell across the board crippled by investor fears after Kuwait stepped in to a save a local bank and international markets crumbled on recession fears.
'Unfortunately our shares' performance is still directed