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Dubai shares gain amid property recovery optimism 0 Comments Get daily business news from the region delivered straight to your inbox I agree to the terms and conditions SIGN UP 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. ....
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 reporte ....
Dubai: The shares of QLM Life & Medical Insurance Co. jumped as they debuted on Qatar s stock exchange, as the restoration of ties between the gas-rich nation and its Gulf neighbors cleared the way for businesses to expand outside of their home market. The stock soared as much as 17 per cent to 3.69 riyals in the first initial public offering on the Doha-based bourse since 2019. Qatar Insurance Co., which will retain a 25 per cent stake in QLM after raising 659 million riyals ($180 million) from the sale, fluctuated between gains and losses as most shares in the Qatar Exchange Index declined. Qatar Insurance Co., the Middle East and North Africa s largest insurer by market capitalization, is planning to channel the proceeds to expand its main property and casualty unit as well as other business lines, QIC Chief Investment Officer Chirag Doshi said in an interview with Bloomberg TV on Wednesday. ....