Economy
Abu Dhabi Stocks Extend Losing Streak to Seventh Day
Stocks in Abu Dhabi extended their losing streak for a seventh-straight session, the longest since May 2017.
The ADX General Index’s heaviest member, First Abu Dhabi Bank, fell 1.6 percent, placing the most pressure on the gauge. Last week, the index erased all its gains for the year.
Most equity measures in the Middle East retreated, mimicking a drop in emerging-market peers on Friday.
HIGHLIGHTS Markets in Dubai, Saudi and Israel fall. Only Egypt increases. EM stocks declined 1.3% on Friday, their worst daily performance since Dec. 14 EM Review: King Dollar, Growth Woes Halt Emerging-Market Revival
MIDDLE EASTERN MARKETS:
Abu Dhabi’s ADX General Index retreats 0.9%The gauge fell below its 100-day moving average last week, a move that hasn’t happened since Nov. In Egypt, the EGX30 Index rises 0.5% Earlier: Egypt Feb. Urban Consumer Prices Rise 14.4% From a Year Ago In Dubai, the DFM General Index falls 0.6% Emaar Properties drops 0.8%, trimming its gain this year to 14% The Tadawul Banks Index loses 0.2% after advancing as much as 0.4% earlier READ: Five Trends Are Reshaping Saudi Arabia’s Big Banks This Year Doha’s QE Index drops 0.1%, extending loss this year to 5% MORE: Danger Sign for Qatar Stocks as Neighbors Lure Foreign Investors
-
Banking & Finance1 month agoOman Oil Marketing Company Concludes Its Annual Health, Safety, Environment, and Quality Week, Reaffirming People and Safety as a Top Priority
-
News2 months agoReport: How India & The Middle East Are Exploiting Immense Economic Synergies
-
Uncategorized2 months agoOman’s ISWK Cambridge Learners Achieve ‘Top in the World’ and National Honours in June 2025 Cambridge Series
-
News1 month agoJamal Ahmed Al Harthy Honoured as ‘Pioneer in Youth Empowerment through Education and Sport’ at CSR Summit & Awards 2025
-
Economy2 months agoPrime Minister of India Narendra Modi to Visit the Sultanate of Oman on 17-18 December
-
News2 months agoIHE Launches Eicher Pro League of Trucks & Buses in Oman
-
Economy2 months agoOman’s Net Wealth Reaches $300 Billion in 2024, Poised for Steady Growth
-
News2 months agoLiva Insurance Honored with ‘Insurer of the Year’ Award for 2025

You must be logged in to post a comment Login