ADIB Securities, the brokerage subsidiary of Abu Dhabi Islamic Bank, has become an equities member of Nasdaq Dubai, connecting its customers to new trading opportunities on the region’s international exchange.
GCC equities got off to a flying start in the first two months of the year, with the UAE and Qatar markets showing substantial strength, said a report.
Dubai and Abu Dhabi's stock indices appreciated by 24.17 per cent and 15.2
Gold was hovering near a three-month high on Thursday, and appeared capable of breaking the $1,300 level on technical momentum and as hopes for a measured tapering of US stimulus offset any negative impact from firmer equities.
Middle East-based investment funds have become much more bullish on Qatar's stock market, citing heavy government spending and attractive valuations, the latest monthly Reuters survey of the region shows.
Gold eased for a second session on Wednesday as equities inched higher on optimism over US economic growth, curbing bullion's safe-haven appeal.
Prices were hurt by data showing the US trade deficit fell to a four-year low in
Gold rose for a fourth session on Friday, gaining over 1 percent to hit a two-week high as weaker equities spurred demand for the metal as a safe-haven asset.
Gold, headed for its best weekly performance since October, was also su
World stocks were ending 2013 close to six-year peaks on Tuesday and benchmark bond yields were poised for their first annual rise since 2009 as investors celebrated a pick-up in global growth with expectations of more to come.
Almost half of a sample of Middle East-based fund managers expect to raise equity allocations to Egypt in the next three months, according to the latest monthly Reuters survey of leading fund managers in the region.
None expect to
Gold was little changed on Thursday in thin year-end trade, but looked set to post its biggest annual loss in more than three decades as rallying equities and optimism about a global economic recovery dented its safe-haven appeal.
Fund managers in the Middle East are showing signs of becoming more cautious towards some equity markets as change looms in the global economic environment, a Reuters survey showed.
Forty-seven per cent of 15 managers in th