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Abu Dhabi shares at record, shrug off Mideast tension

Dubai: Abu Dhabi s main stock index jumped to a record on Sunday, even amid heightened tensions in the region, as the benchmark s biggest member surged on hopes of foreign inflows. The ADX General Index climbed as much as 2.1% boosted by First Abu Dhabi Bank PJSC, the biggest lender in the UAE. The stock surged as much as 5.8% after MSCI Inc. last week announced a quarterly review that could trigger about $500 million in flows from abroad. Shares in Oman also gained while those in Dubai slid. Stock markets in Saudi Arabia, Qatar, Kuwait, Bahrain, Egypt and Israel are closed for holidays.

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joy mathew facebook post | കേരളത്തിലെ പ്രതിപക്ഷം അങ്ങനെ ലോകത്തിനു മാതൃകയാവുന്നു, ഇതായിരിക്കണം പ്രതിപക്ഷം, ഇങ്ങിനെയായിരിക്കണം പ്രതിപക്ഷം

joy mathew facebook post | കേരളത്തിലെ പ്രതിപക്ഷം അങ്ങനെ ലോകത്തിനു മാതൃകയാവുന്നു, ഇതായിരിക്കണം പ്രതിപക്ഷം, ഇങ്ങിനെയായിരിക്കണം പ്രതിപക്ഷം
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Saudi Stocks Rise on Earnings Optimism, Iran Talks: Inside EM

Saudi Stocks Rise on Earnings Optimism, Iran Talks: Inside EM
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United arab emiratesDubai islamic bankAbu dhabiAbuz abySaudi arabiaSaudi arabianJoice mathewBanking payment technology servicesPetrochemical coInternational bankEgypt kuwait holdingEmaar propertiesQ profit beats estimatesqatar exchange indexUnited electronics coSaudi telecomMiddle east

Saudi Stocks Rise on Earnings Optimism: Inside EM

Saudi Stocks Rise on Earnings Optimism: Inside EM Bloomberg 2 hrs ago Saudi Arabian stocks led gains in the Middle East as better-than-expected earnings fueled investor optimism and talks between Iran and the U.S. to end a years-long standoff progressed. Share indexes in Dubai, Israel and Egypt also climbed while those in Abu Dhabi, Kuwait, Qatar and Oman fell. Bahrain’s index was little changed. The recovery in corporate earnings comes at a time when renewed efforts to address long-standing regional enmities are lifting investor sentiment. World powers advanced efforts to revive a 2015 nuclear accord between Iran and the U.S. during weekend negotiations in Vienna. Meanwhile, senior officials from Saudi Arabia and Iran have been holding talks to repair relations between the two countries, the Financial Times reported.

United arab emiratesDubai islamic bankSaudi arabiaAbu dhabiJoice mathewAl rajhi bankPetrochemical coUnited electronics coRiyadhqatar exchange indexEmaar propertiesFinancial timesUnited securitiesAdvanced petrochemicalUnited electronicsMarkets indexRisk assets rally

Saudi, UAE Stocks Rise on Earnings, Iran Optimism: Inside EM

Apr 18 2021, 8:03 PM April 18 2021, 1:36 PM April 18 2021, 8:03 PM (Bloomberg) (Bloomberg) Saudi Arabian stocks led gains in the Gulf region as better-than-expected earnings fueled investor optimism and talks between Iran and the U.S. to end a years-long standoff progressed. The benchmark Tadawul gauge rose as much as 0.8% before closing up 0.6% for its third consecutive advance. Share indexes in Dubai, Israel and Egypt also climbed, while those in Abu Dhabi, Kuwait, Qatar and Oman fell. Bahrainâs index was little changed. The recovery in corporate earnings comes at a time when renewed efforts to address long-standing regional enmities are lifting investor sentiment. World powers advanced efforts to revive a 2015 nuclear accord between Iran and the U.S. during weekend negotiations in Vienna. Meanwhile, senior officials from Saudi Arabia and Iran have been holding talks to repair relations between the two countries, the Financial Times reported.

United arab emiratesDubai islamic bankAbu dhabiAbuz abySaudi arabiaSaudi arabianJoice mathewBanking payment technology servicesPetrochemical coInternational bankEgypt kuwait holdingEmaar propertiesQatar exchange indexUnited electronics coSaudi telecomFinancial times