Saudi Stocks Extend Slide On Reflation Trade Slowdown: Inside EM msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
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.
Feb 22 2021, 1:15 AM
February 21 2021, 2:19 PM
February 22 2021, 1:15 AM
(Bloomberg)
(Bloomberg)
Middle East equities rose as optimism surrounding the acceleration in global coronavirus vaccinations outweighed a rise in U.S. yields that may signal the return of inflation.
Israelâs TA-35 climbed as much as 1.2%, while benchmark stock indexes in Saudi Arabia, Bahrain, Abu Dhabi and Egypt also made gains.
âWe see higher inflation expectation as positive for the cyclical parts of emerging markets, such as the MENA region, especially when these expectations are driven by a rebound in the global economic growth which should propel earnings growth,â said Divye Arora, money manager at Daman Investments Psc in Dubai. âHowever, we are also watchful of the pace of increase of 10-year US treasury yields.â
Mideast Stocks Mixed as Investors Weigh Reflation: Inside EM yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.