The stock markets in Saudi Arabia and Qatar, which continue to be favoured by fund managers, could see further gains on Sunday while the UAE bourses are closed for a national holiday and investor sentiment on Egypt is mixed.
Dubai’s stock market index climbed1.6 per cent today (November 28) to finish at 2,946 points, its highest close since October 2008, after the emirate was chosen to host World Expo 2020.
It hit an intraday high of 3,020 point
While 95 per cent of UAE residents support Dubai’s bid for Expo 2020, 97 per cent believe the Emirate is likely or very likely to win the Expo 2020 bid, a report said.
A successful bid by Dubai for Expo 2020 will have a posi
Securities exchanges in the UAE will close from Wednesday, August 7 for Eid Al Fitr holidays, a statement by the Securities and Commodities Authority said.
The exchanges will reopen on the fourth day of the nex
The UAE and Qatar markets on Sunday extended declines after a late-week sell-off as summer and lack of positive catalysts spurred investors to cash in early-year gains, but trading volumes were thin.
Dubai's index dropped 1.2
Dubai's bourse made its largest one-day drop in 15 months and Abu Dhabi's measure also fell as investors cut their market exposure ahead of a decision by index compiler MSCI on whether to upgrade the UAE to emerging market status.
Egypt's stock exchange will reinstate the buying and selling of single stocks in the same session from the first week of next month in an effort to boost market volumes.
The ability to buy and sell a stock in the same session