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Middle EastMIDEAST STOCKS Major Gulf stocks mixed in early trade, IHC lifts Abu Dhabi Reuters 3 minute read Major Gulf stock markets were mixed in early trade on Thursday, with stocks in Saudi Arabia and Dubai witnessing a fall, while Abu Dhabi index gained after aquaculture firm International Holding Company (IHC.AD) reported a higher quarterly profit. Saudi Arabia's benchmark index (.TASI) was down 0.3% as Dr. Sulaiman Al-Habib Medical Services Group shed 0.7%. Abdullah Al-Othaim Markets Company (4001.SE) declined nearly 4% to be the second biggest drag on the index. The food retailer repo...

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...

UAE and other Gulf stocks underwent selling pressure in early trades after new waves of COVID-19 in some systemically important countries led to fresh lockdowns and stoked fresh investor fears about global economic recovery. Equity markets elsewhere are already reeling from the selloffs. Abu Dhabi Securities Market dropped 0.5 per cent to 6,124 points, giving up some of the gains from yesterday. The volatility is expected to stay on for the short-term as investors turn cautious and wait to seize each opportunity to book profits on their positions. Results awaited Banking stocks acted as the ...

Gulf markets headed up with Abu Dhabi leading from the front, again taking their upbeat sentiments from global markets and encouraging economic news from the US.  Saudi Arabia's benchmark index closed Tuesday 0.2 per cent higher at 9,989 points. Advanced Petrochemical jumped 4.2 per cent after its first-quarter profits soared by more than 64 per cent to SR171 million, while there was an 18 per cent rise in sales to SR632 million. The firm attributed the higher top- and bottom-line to a 36 per cent increase in polypropylene sales prices coupled with a surge in share of profit from an invest...

Transwestern Real Estate Services (TRS) represented Central Queens Academy Charter School (CQA) in an 85,000 s/f transaction for a new school in the Justice Avenue Tower at 88-08 Justice Ave. in Queens. Transwestern’s Stephen Powers, Lindsay Ornstein, Arthur Skelskie, Jake Cinti and Alexander Smith provided tenant advisory services to CQA. CQA’s new school is scheduled to open for the 2021-2022 academic year and will serve approximately 900 students in kindergarten through eighth grade. The school will be located on the first, third and fourth floors of Justice Avenue Tower, which is...