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The performance of the Gulf stock exchanges varied in the first sessions of the week

The performance of the Gulf stock exchanges varied in the first sessions of the week
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Most of the Gulf stock exchanges fell due to the decline in oil prices

Most of the Gulf stock exchanges fell due to the decline in oil prices
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GCC profits soar over 200% y-o-y in Q2-2021

During Q2-2021, GCC aggregate profits breached pre-Covid levels to reach $45.0 billion compared with $14.2 billion during Q2-2020, according to Kamco Invest.

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Dubai, Abu Dhabi corporates post big Q2 surge in net profits

Net profits for listed companies in Dubai and Abu Dhabi soared 29.7 per cent and 49 per cent respectively year-on-year in the second quarter of 2021,.

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Saudi shares lead broader Gulf losses, Egypt weakens

3 Min Read (Reuters) - The markets in the United Arab Emirates (UAE) fell on Wednesday after solid gains in the previous two days, while Saudi Arabia extended losses to a fourth straight session as it imposed further restrictions to curb the spread of the coronavirus. FILE PHOTO: Traders wait at the Bahrain Bourse after Joe Biden won the U.S. presidency, in Manama, Bahrain, November 8, 2020. REUTERS/Hamad I Mohammed Dubai, which firmed more than 1% each in the past two sessions, weakened 0.4%, dragged mainly by financial stocks. The Dubai Stock Exchange operator Dubai Financial Market slipped nearly 5%, while the emirate’s biggest bank Emirates NBD declined 1.3%.

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