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Dubai: Dubai stock market snapped five days of gains, led lower by the blue-chip banking and property shares, while its Abu Dhabi peers showed a muted performance with losses in banks capped by gains in telco Etisalat. Dubai Financial Market traded down 0.8 per cent to close at 2,601 points. The pullback followed five sessions of back-to-back gains which together added 3.5 per cent to the index's value. Leading the losses were financial and real estate sectors whose vast majority of stocks closed the day in the red with the emirate's top lender, Emirates NBD, and its biggest developer, Emaar ...

Dubai and Abu Dhabi stocks eased back in early trade on Monday, with banking and real estate stocks leading the losses after three days of rally lured investors into booking profits on their positions. Dubai Financial Market pulled back 0.4 per cent as its top lender Emirates NBD shed 2.2 per cent to trade at Dh11.4, while Emaar Development retreated 1.1 per cent. Islamic Arab Insurance dropped 0.9 per cent, after it reported Dh308.1 million in accumulated losses. This representing 25.5 per cent of its capital. The board is implementing a three-pronged strategy aimed at turning around the fi...

Dubai: Dubai Financial Market closed higher for a third straight session led all the way by its banking and property stocks as Dubai's landmark urban development plan revived investor hopes about the real estate sector getting back to rising trends. Dubai's main index jumped 1 per cent to close at 2,600 points bolstered by Dubai Islamic Bank which climbed 2.3 per cent providing the biggest single boost to the index. Other financial stocks to rise were Amlak Finance and Ajman Bank. Property stocks were not left behind with the emirate's top developer Emaar Properties and its subsidiaries Emaar...

Dubai: Saudi Arabian stocks closed higher on Wednesday with nearly all banking stocks advancing taking their cue from the $1.9 trillion US stimulus signing into law and as prospects brightened for sooner reopening of economic activities around the world. Saudi Arabia's benchmark index notched up 0.8 per cent to 9,665 points. Riyad Bank, Alinma Bank, Samba Financial Group and Albilad all moved upward with Saudi British Bank shooting up 2.2 per cent after announcing the completion of Alawaal Bank merger and its full integration. Dividend factor Abdullah Al Othaim Markets rose 2.2 per cent after...

They have until 6pm Tuesday to make up their mind to vote 'yes' or 'no'