Page 18 - Emaar Development News Today

It was in October last that bourse launched its first ever futures, covering 5 stocks

UAE and other Gulf stocks opened the day on a higher note riding on optimism created by the US recording a surge in employment data for March. The numbers suggest that US business activity is coming back thanks to stimulus packages and a robust COVID-19 vaccination campaign. The investors are upbeat as any turnaround in the worlds biggest economy will have spillover impacts, propelling global stock markets upward on Monday. Soaring on divestiture Abu Dhabi Securities Exchange soared 1.1 per ce...

Logistics firm Tristar sets price range for second Dubai IPO in three years 0 Comments Get daily business news from the region delivered straight to your inbox I agree to the terms and conditions SIGN UP The company plans to offer up to 24 per cent of its shares in the IPO April 4, 2021 Middle Eastern logistics firm Tristar Transport set the price range for its planned initial public offering in Dubai at Dhs2.20 to Dhs2.70 per share, in what would be only the financial hub’s second listi...

Dubai: Saudi Arabian stocks outperformed on Sunday with advances led by its banking and petrochemical shares after OPEC+ paved the way for easing of oil production curbs. Other GCC markets struggled for direction with investors awaiting the next big clue. Saudi Arabias benchmark index traded 0.7 per cent higher at 9,963 points with petrochemical and banking stocks leading the advances. Saudi-led OPEC+ decided in their Thursday meeting to gradually ease oil output curbs in coming months, a move ...

Saudi National Bank surged as it traded a single merged entity

Dubai: In the past many months, almost since 2021 began, there have been several mentions of the word ‘SPAC’ in the world of business and investments. So there is a need to de-jargonise what it means to an average stock market investor. With the recent developments surrounding SPACs, it is now commonly referred to among analysts as ‘a 2020s echo of the dot-com mania of the 1990s’ – making it a concept that sparks investor attention and drives a need to know about it in detail as a pos...

Abu Dhabi stocks rallied for a fifth day, following market advances elsewhere with investors betting that the US $2 trillion infrastructure investment plan is going to have a positive knock-on impact. But the gains were capped by a number of stocks trading ex-dividend. Abu Dhabi Securities Exchange put on 0.7 per cent to 5,953 points after trading in the red for a few minutes after the opening. But soon, advances for Etisalat and International Holding overpowered the weakness in ex-dividend t...

Abu Dhabi and Dubai stocks ended the week on a high note with high-profile stocks leading, while petrochemical stocks pushed down the Saudi index ahead of an OPEC+ announcement on oil output guidance for the weeks ahead. Abu Dhabi Securities Exchange gained 0.5 per cent to 5,942 points in what was its fifth rise in as many days, which helped the index close out the best week in months with a 3.8 per cent gain. Gulf Pharmaceutical Industries advanced a further 2.5 per cent after posting massiv...

It looks like this was the result of either: A mistyped address A broken link on our site A broken link on a search engine results page A broken link on someone elses page Some things to try: Use the navigation menu at the top Most Read

Dubai: Saud Arabian stocks dropped in early trade on Wednesday in line with other GCC stock markets which pulled back after a recent rally made a point for investors to encash their positions. But Saudis dairy company Almarai extended its gains after acquiring Bakemart in UAE and Bahrain. Saudi Arabias benchmark index dropped 0.3 per cent to 9,631 points under pressure from a wide sell-off. But the gauge was pushed lower the most by banking and petrochemical stocks with Al Rajhi Bank, Riyad Ban...