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Dubai shares gain amid property recovery optimism

Dubai shares gain amid property recovery optimism
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Dubai shares gain amid property recovery optimism
The Dubai Financial Market General Index jumped 0.8 per cent as Emaar advanced as much as 2.8 per cent
May 10, 2021
Stocks in Dubai were among the biggest gainers across the Middle East amid optimism that Emaar Properties earnings may point to a wider recovery in the emirate.
The Dubai Financial Market General Index jumped 0.8 per cent as Emaar advanced as much as 2.8 per cent, the biggest gain on the gauge in point terms. Qatar’s main index rose 0.4 per cent, even after the country’s finance minister was ordered detained on Thursday. ....

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Dubai Shares Drop on Restrictions, Kuwait Banks Rise: Inside EM

Dubai Shares Drop on Restrictions, Kuwait Banks Rise: Inside EM
Filipe Pacheco, Bloomberg News
Investors visit the Dubai Financial Market PJSC (DFM) in Dubai, United Arab Emirates, on Tuesday, March 10, 2020. The Middle Easts travel and business hub called on citizens and residents to avoid travel due to the coronavirus risk. Photographer: Christopher Pike/Bloomberg
, Bloomberg
(Bloomberg) Dubaiâs main equities index led losses in the Middle East after a fresh set of restrictions to contain the spread of coronavirus as cases keep rising. Banks in Kuwait advanced on potential dividend resumption.
The DFM General Index fell as much as 1.6% on Sunday, adding to a 2% drop on Thursday. The benchmark in Abu Dhabi, Saudi Arabia and Qatar also traded lower, while the main gauge in Kuwait rose the most. ....

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Most Mideast Equity Gauges Fall as Earnings Roll In: Inside EM

Most Mideast Equity Gauges Fall as Earnings Roll In: Inside EM
Bloomberg
1/17/2021
Filipe Pacheco
© Bloomberg
The Burj Khalifa skyscraper, left, stands above other skyscrapers on the city skyline, seen from Dubai Creek Harbour Development in Dubai, United Arab Emirates, on Sunday, Sept. 6, 2020. Dubai made a rare foray into public bond markets, revealing along the way that its debt burden is now a lot smaller than estimated by analysts only months ago.
(Bloomberg) Qatar stocks led losses in the Middle East as companies started reporting results across the region.
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Profitability for lenders in the Gulf Arab region remains under pressure, with disruptions to trade and travel continuing to rattle the energy-rich region. Qatar National Bank QPSC, the Middle East’s biggest lender, reported last week a 16% drop in net income for 2020. Some banks in Oman also published results that showed a decline from last year ....

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