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Dubai surges ahead of Dubai World debt offer |
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Dubai's index <.DFMGI> made its largest daily gain for three months on Sunday as investors bet on a Dubai World [DBWLD.UL] debt offer favourable to creditors. |
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Dubai at 7-wk high on Dubai World hopes |
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Dubai's index hit a seven-week high on Thursday as buyers bet Dubai World's imminent debt restructuring will be kinder to creditors than previously thought.
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Emaar, debt hopes lift Dubai; other markets mixed |
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Emaar Properties surged to a seven-week high on Monday after its Indian joint venture received approval to launch an initial public offering, helping Dubai's index extend gains.
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Dubai World debt hopes lift emirate's index |
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Dubai's index <.DFMGI> made its largest gain for six weeks on Sunday, bolstered by market talk that Dubai World's [DBWLD.UL] debt restructuring would be more favourable to lending banks than previously thought. |
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Dubai rises; investor focus shifts to other markets |
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Dubai's index rose for the first session in three on Thursday, but volumes fell to a three-month low, with investors switching to other regional markets amid ongoing uncertainty over the emirate's debt position. |
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Zain lifts Kuwait, regional markets flat |
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Zain extended gains on Tuesday ahead of a planned $9 billion asset sale, helping Kuwait's index outperform Middle East markets. |
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Dubai ends losing streak; markets see low volumes |
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Middle East markets witnessed lacklustre trading on Thursday as investors remained on the sidelines waiting for more positive cues while Dubai's measure rebounded, ending a five-day losing streak. |
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Dubai slumps on debt woes, Saudi snaps rally |
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Dubai's index suffered its biggest loss in more than a week after a report on UAE banks' exposure to Dubai's debt hit investor sentiment as stocks fell across the region on Tuesday, with Saudi Arabia ending a nine-day rally. |
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Saudi rallies as most markets up; UAE shares fall |
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Saudi Arabia's index rose for the eighth straight session as most regional markets gained on Sunday, while UAE bourses fell as investors awaited more clarity on Dubai's debt situation.
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Dubai falls on debt worries; Kuwait up on Zain |
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Dubai's index <.DFMGI> plunged on Sunday after a media report said troubled government conglomerate Dubai World may offer only 60 cents on the dollar to creditors. |
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Market Trends
