Stock markets in the Middle East appeared to be stabilising in early trade on Monday after falling sharply in the previous session in a broad sell-off.
Bourses in the region posted their biggest losses in years on Sunday as global
As Saudi Arabia moves ahead with plans to open up the domestic capital markets to global investors, it is very likely that the kingdom will be seriously considered for an inclusion in various emerging markets indices, said an industry expert.
Global equity markets traded higher on Monday, although they pared gains from levels close to an all-time high, as low interest rates bolstered sentiment even as US Treasury yields rose.
Wall Street's benchmark S&P 500, wh
UAE's two bourses will resume trading on Monday after a four-day Eid al Adha holiday but activity is likely to be muted with all other Gulf markets still closed.
Dana Gas may see increased interest as its $1 billion Islamic bo
Egypt's bourse rallied for a fourth day on Thursday since Mohamed Mursi's presidential election victory, while most Gulf markets fell with investors cutting risk ahead of an EU meeting.
Egypt's main index rose 1.7 per cent, sta
Gold prices fell 1 percent on Monday, in line with the euro, stocks and other commodities, as worries over the euro zone debt crisis and the impact of high crude oil prices on the fledgling economic recovery fuelled risk aversion.
Shares tumbled on Monday despite efforts by global policymakers to stem a collapse in investor confidence after S&P downgraded the US credit rating, but the euro firmed on hopes the ECB will act to stop Europe's debt crisis from engulfing Ital
UAE markets ended lower, tracking drops on other Gulf bourses as oil price declines weighed, with Dubai's index slumping to a four-week low.
Dubai's benchmark fell 1 percent to 1,592 points, its lowest finish since April 12 as all sectors
Foreign investor outflows from Gulf markets during recent political unrest have been significantly lower than those seen during the financial crisis, the regional head of custody at HSBC said.
Stock markets in the region have been pretty r
Al Rajhi Capital, the investment banking subsidiary of Saudi Arabia's Al Rajhi Bank, has launched a new series of financial and investment seminars.
Commencing from today, they will be held at Al Rajhi Capital’s Investment Centers loca