Vaccine Rollout Lifts Dubai Shares to Top of the Equity Pile
Bloomberg 1/21/2021 Farah Elbahrawy and Srinivasan Sivabalan
(Bloomberg) One of the world’s fastest vaccine rollouts is fueling one of its best stock rallies.
As the United Arab Emirates pushes its inoculation program, the Dubai Financial Market General Index has climbed 12% this year, reversing its 10% slump in 2020. Only two major markets are performing better. MSCI Inc.’s gauge of developing-nation stocks has advanced 8.6%.
“Vaccines are a prime reason for this,” said Divye Arora, a money manager at Daman Investments Psc in Dubai. “We have seen a move globally away from growth and defensive toward value and cyclical. Dubai offers both value and cyclical exposure.”
Israeli Shares Rise Most in Mideast While Egypt Slips: Inside EM
Farah Elbahrawy, Bloomberg News A visitor passes a stock price indicator board in the lobby of the Tel Aviv Stock Exchange Ltd. (TASE) in Tel Aviv, Israel, on Monday, Sept. 2, 2019. Embattled Israeli Prime Minister Benjamin Netanyahu, running in an election that could be the fight of his political life, said he hopes to annex all Jewish West Bank settlements. Photographer: Kobi Wolf/Bloomberg , Bloomberg
(Bloomberg) Israeli equities climbed the most in the Middle East as dual-listed firms caught up with U.S. gains from Thursday.
The countryâs TA-35 benchmark rose as much as 1.7%. Stocks that are also listed in the U.S., including Azrieli Group Ltd, Bank Leumi Le-Israel BM and ICL Group Ltd, were among the biggest gainers on Sunday.
Israeli Shares Rise Most in Mideast While Egypt Slips: Inside EM
Dec 28 2020, 9:34 AM
December 27 2020, 3:13 PM
December 28 2020, 9:34 AM
(Bloomberg) Israeli equities climbed the most in the Middle East as dual-listed firms caught up with U.S. gains from Thursday.
(Bloomberg) Israeli equities climbed the most in the Middle East as dual-listed firms caught up with U.S. gains from Thursday.
The countryâs TA-35 benchmark rose as much as 1.7%. Stocks that are also listed in the U.S., including Azrieli Group Ltd, Bank Leumi Le-Israel BM and ICL Group Ltd, were among the biggest gainers on Sunday.
Elsewhere, gauges in Saudi Arabia, Bahrain, Oman and Qatar rose, with Brent crude staying above $50 a barrel in the past two weeks.