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Only real estate stocks were propping up index early Tuesday

Saudi Arabian stocks extended their losses under selling pressure from banking blue-chips, while other GCC markets put on a lackluster performance ahead of first quarter earnings in the coming days. Saudi Arabian benchmark index traded lower by 0.3 per cent at 9,908 points in what was its third straight day of losses. Financial stocks weighed the index more than other sectors with Al Rajhi Bank, Banque Saudi Fransi and Arab Bank heading lower. Chubb Arabia Cooperative Insurance dipped after its board said there would be no dividend handouts for last year. Down on merger talks Alahli Takaful...

2 Min Read (Reuters) - Most major Gulf stock markets ended higher on Thursday after the International Monetary Fund (IMF) raised its economic forecasts for the region, while the Saudi index closed flat as some stocks traded ex-dividend. FILE PHOTO: An investor monitors a screen displaying stock information at the Abu Dhabi Securities Exchange June 25, 2014./File Photo The IMF said on Wednesday it expected most Gulf economies to recover this year at a faster pace than previously estimated, as it raised its 2021 global growth forecast to 6% from 5.5%. In Dubai, the main share index rose 0.9% on...

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Dubai’s real estate deals reach Dhs5.1 billion 4 hours ago Image for illustrative purpose only. The real estate and properties transactions valued at 5.1 billion in total during the week ending April,8, 2021, according to Dubai Land Department (DLD). The DLD weekly real estate report said the sum of transactions was 1,379. 89 plots were sold for Dhs512.58 million, 874 apartments and villas were sold for Dhs2.35 billion. The top three transactions were a land in Saih Shuaib 3 sold for Dhs62.49 million, followed by a land that was sold for Dhs50 million in Al Thanay...