Friday 30 January 2015
 
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Sliding oil brings Gulf stock values to reasonable levels

When Saudi Arabia announced last July that it would open its stock market to direct foreign investment, a common worry among fund managers was that when the reform finally took place, the market would simply be too expensive to buy.

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Gulf markets mixed; cheap oil fuels Egypt rally

Most Gulf stock markets were neutral to slightly positive on Wednesday, although negative news and earnings reports dragged down some individual stocks. Egypt's bourse extended its winning streak on the back of cheap oil. Saud

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Gulf markets extend gains after oil edges up

Gulf stock markets rose on Thursday after oil rebounded slightly from its Wednesday low and several companies made positive announcements. Supported by a fall in US crude oil inventories, Brent futures bounced around $51 per barre

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DIB to test Gulf debt markets post oil slump

Dubai Islamic Bank (DIB) will reopen the Gulf bond market next week with a capital-boosting sukuk, the region's first debt offering in two months as financial markets there wobbled under the impact of falling oil prices. A suc

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Gulf markets down; Dubai tumbles

Gulf stock markets fell in early trade on Tuesday after Brent crude plunged 5 per cent a day earlier and the threat of a fresh euro zone crisis in Greece also prompted investors to sell risk assets globally. Dubai's index tumb

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Gulf markets slide as oil hits fresh low

Gulf stock markets extended their declines in broad sell-offs on Monday as the price of Brent crude oil fell below $55 per barrel for the first time since 2009. Brent futures tumbled more than 3 per cent as data showed that Russia

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Gulf markets slide in thin trade after oil slips

Most Gulf stock markets fell in low-volume trade on Sunday after Brent crude closed down nearly a dollar a barrel at $56.42 on Friday. Saudi Arabia's main equities index edged down 0.3 per cent with most blue chips in the red.

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Most major markets up in 2014 despite oil's plunge

Most major Middle East stock markets ended 2014 with annual gains after wild swings which underlined their fragility as well as their promise to investors. Gulf markets soared in the first half of the year as the region became mor

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Abu Dhabi bourse brings in new rules as markets tumble

The Abu Dhabi Securities Exchange (ADX) will temporarily suspend stocks that fall by five per cent under new rules effective from Sunday as slumping oil prices continue to hit markets across the Gulf. Investors have been dumping G

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Markets in UAE, Qatar edge up

Bourses in the UAE and Qatar rose in early trade on Sunday on the back of a supportive global background and positive domestic news flow. US stocks were up on Friday after strong results from Microsoft and Procter & Gamble. Br

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