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Dubai: Dubai and Abu Dhabi stocks headed upward in early trades as robust first-quarter earnings kept the momentum going for the markets, while Qatar Exchange pulled back after undergoing a wide selloff. Dubai Financial Market eked out 0.4 per cent at 2,616 points with Air Arabia appreciating past 2 per cent after recently announcing plans to resume flights for a number of destinations. That marked a sign that the aviation sector was opening up as parts of the world began to recover from the pandemic on the back of vaccine rollouts, though some other parts of the world slipped into fresh more...

Dubai: Saudi Arabian stocks headed lower with the banking stocks leading the losses after subdued first-quarter results from the sector. Dubai and Abu Dhabi stocks outperformed as the momentum created by the earnings goes on. Saudi Arabia benchmark index inched down 0.5 per cent at 10,362 points. Riyad Bank retreated 2.8 per cent after the first-quarter profits shrank more than 8 per cent taking a hit from higher total operating expenses coupled with lower total operating income. Impairment charges on investments rose over 4 per cent, though the impairment allowances for credit losses dropped...

Dubai and Abu Dhabi stocks traded in the red as the selloff continued of banking stocks despite fairly upbeat first quarter numbers. In Qatar, the index hardly changed changed with insurance and banking stocks pulling in opposite directions. Dubai Financial Market slipped 0.7 per cent to 2,610 points, pulled lower by banking and real estate stocks. Union Properties, Deyaar Development and Emirates NBD headed downward, while Dubai Islamic Bank also slipped into the red after the first-quarter profits shrunk 23 per cent year-on-year to Dh853 million. The lender attributed the lower profits to ...

Dubai: Dubai and Abu Dhabi stocks showed little upward movements with investors trading cautiously as the first-quarter earnings announcements are set to gather pace this week. Qatari stocks edged back ahead of the blue-chip results planned for later in the day. Dubai Financial Market edged up 0.1 per cent at 2,629 points with property shares leading the advances. Deyaar Development and Emaar Properties moved upward in another upside rally after reporting massive numbers for the first quarter. Damac Properties, Emaar Development also joined in the bull run as investors bet their earnings too ...

Dubai: Abu Dhabi and Dubai stocks advanced in early trades as strong blue-chip corporate earnings continued to provide guidance to investors in otherwise volatile market conditions. Some stocks in Qatar moved in opposite directions after reporting mixed numbers for the first quarter. Abu Dhabi Securities Exchange traded 0.3 per cent higher at 6,081 points with First Abu Dhabi Bank showing a choppy trading, swinging between ups and downs before relatively stabilizing up 0.6 per cent. Its first-quarter results apparently failed to delight investors with profits edging up by 3 per cent on the ba...