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
-
OER Magazines2 months ago
OER, February 25
-
Alamaliktistaad Magazines2 months ago
Al-iktisaad, February 2025
-
Economy1 month ago
Is Gold a Good Investment in 2025? A Deep Dive into the Precious Metal’s Future
-
Banking & Finance2 months ago
Sohar International Appoints Abdul Wahid Mohamed Al Murshidi as Chief Executive Officer
-
Energy2 months ago
Oman Gets Its First Hydrogen Refueling Station
-
News2 months ago
Shell Oman Marketing Company Hosts the 1st Lubricants Technology Conference in Muscat
-
News2 months ago
Oman Explores Semiconductor & EV Investments with EONH Private Holdings & Jetour Global
-
News1 month ago
Nothing Phone 3a and 3a Pro launches in the Middle East
You must be logged in to post a comment Login