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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 world's biggest economy will have spillover impacts, propelling global stock markets upward on Monday. Soaring on divestiture Abu Dhabi Securities Exchange soared 1.1 per cent at 6,016 points in yet another stellar performance on its seventh day of consecutive gains. The ...

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 listing in three years. The company plans to offer up to 24 per cent of its shares in the IPO, according ...

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 Arabia's 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 that could add to the kingdom's revenues if oil prices do not slide considerably. Lenders and energ...

Saudi National Bank surged as it traded a single merged entity