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Most Gulf stock markets fell in early trade on Thursday, with Dubai leading losses, though the markets were on track for their weekly gains.

The United Arab Emirates' non-oil private sector expanded for a sixth consecutive month in May, though it did so at a place slightly lower than in April and employment shrank for the fourth straight month, a survey showed on Thursday.

UAE private sector continues to recover in May as domestic demand improves Waheed Abbas/Dubai File photo Expectation climbs for sixth month in a row to the highest since July 2020 The UAE non-oil private sector continued to recover in May as the domestic demand improved on the back of rising confidence surrounding the Covid-19 pandemic, according to the latest IHS Markit UAE Purchasing Managers Index (PMI) released on Thursday. The private business sector’s expectation for the upcoming 12 mon...

LONDON — Britain’s services sector recorded the biggest jump in activity in 24 years last month, after pubs and restaurants were allowed to resume serving…

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UAE private sector continues to recover in May, as domestic demand improves Waheed Abbas/Dubai File photo Expectation climbs for sixth month in a row to the highest since July 2020 The UAE non-oil private sector continued to recover in May as the domestic demand improved on the back of rising confidence surrounding the Covid-19 pandemic, according to the latest IHS Markit UAE Purchasing Managers Index (PMI) released on Thursday. The private business sector’s expectation for the upcoming 12 mo...

"UAEs non-oil private sector showed further signs of improvement in May, although growth slipped marginally from Aprils recent high. New orders were largely supported by domestic sales, as latest data signalled a slight decrease in export orders," said David Owen, economist at survey compiler IHS Markit.

The economy is battling the second wave of Covid-19 pandemic

The closely-watched IHS Markit/CIPS Purchasing Managers Index - PMI - hit 65.6 last month. That topped the previous record of 61 set in 1994 - with anything above 50 in the index representing expansion.   Despite the stellar number, some analysts had thought it could be even higher as the economy surges after the catastrophic impact of lockdown restrictions. The latest boost for Rishi Sunak comes after the OECD revised its forecast for UK GDP growth to 7.2 per cent this year and 5.5 per cent...

Market ends flat as metals and financials drag June 01, 2021 Market ended its 7-day rally on Tuesday with benchmark indices ending flat amid profit-booking. While key indices were dragged by metals, stocks from energy, infrastructure and IT witnessed buying action. Market erased early gains to trade flat through the day despite positive global cues. The BSE Sensex closed flat at 51,934.88, down 2.56 points. It hit an intraday high of 52,228.65 and a low of 51,808.88. The Nifty 50 lost moment...