Middle EastMIDEAST STOCKS Major Gulf indexes mixed in early trade
Reuters
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Bahraini traders are seen at Bahrain Bourse in Manama, Bahrain, November 4, 2020. REUTERS/Hamad I Mohammed
Major Gulf stocks were mixed early on Sunday, with the Dubai index on track to extend gains for a fifth consecutive session, buoyed by property companies.
The main Dubai share index (.DFMGI) gained 0.9%, with blue-chip developer Emaar Properties (EMAR.DU) rising 1.5% while its shopping malls unit Emaar Malls (EMAA.DU) gained 1%.
Dubai house prices are expected to rise for the first time in six years this year, supported by a swift vaccine rollout that has lifted hopes for economic recovery, a Reuters poll of property analysts showed.
USD 2,945.3 million by 2028 while exhibiting a CAGR of 20.0% between 2021 and 2028. Fortune Business Insights, in its latest report, titled “Latin America Fraud Detection and Prevention Market, 2021-2028.”
, mentions that the market stood at USD 729.4 million in 2020. Factors such as the increasing incidence of data fraud and the rising adoption of mobile phones are expected to favor the product s demand in the forthcoming years. According to the latest Pew Research Center Survey, LATAM countries such as Argentina, Venezuela, and Chile have the most smartphone users. For instance, 83% of Argentines, 86% of Venezuelans, and 91% of Chileans own a cellphone.
Increasing Focus on Digitization amid COVID-19 Leads to Market Exhibiting 12.0% Growth Rate in 2020
The Latin America fraud detection and prevention market size is expected to gain momentum by reaching USD 2,945.3 million by 2028 while exhibiting a CAGR of
QE Index increases over 150 points, surpasses 10900 level thepeninsulaqatar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thepeninsulaqatar.com Daily Mail and Mail on Sunday newspapers.
Other GCC markets also moved higher with banks winning back investors Saudi Arabian stocks snapped four days of consecutive losses with banking shares leading the advances while other GCC markets also traded higher as their lenders rebounded Image Credit: Bloomberg
Dubai: Saudi Arabian stocks snapped four days of consecutive losses with banking shares leading the advances while other GCC markets also traded higher as their lenders rebounded from a lacklustre performance in the previous session.
Saudi Arabia s benchmark index edged 0.1 per cent at 9,848 points with Alrajhi Bank and Riyad Bank moving upward by 0.8 and 2 per cent respectively. However, the gains were limited by weakness in material shares as petrochemical maker Sabic sagged 2.2 per cent as investors buying it on Wednesday will not entitle for the last declared payout and those selling it will do as the stock was trading ex-dividend.