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UAE stocks shed some value as 'ex-dividend' factor takes over gulfnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gulfnews.com Daily Mail and Mail on Sunday newspapers.
UAE and oher Gulf markets displayed a mixed performance in early trade on Thursday with investors taking a call based on corporate earnings that pleased or disappointed them. Dubai Financial Market gained 0.4 cent to 2 643 points, with Air Arabia advancing 3.2 per cent to Dh1.3 after it made profits in the fourth quarter despite a challenging environment for the aviation sector. Though its quarterly profits plunged 90 per cent to Dh20 million against a total turnover of Dh536 million, it was still enough to get investors attention. The airline said its measures taken to control overall cost while ensuring business continuity resulted in a profitable fourth quarter. ....
Saudi Arabia s stocks rode a sixth day of positive sentiments from robust corporate earnings and oil s rally. But other Gulf markets were lacklustre with stocks moving sideways amid a flood of company results. Saudi Arabia s benchmark index gained 0.5 per cent to 8,944 points, closing out the week 3.8 per cent higher in what is its best performance year-to-date. The weekly gains come after three weeks of losses amid fresh virus-related curbs in the kingdom. Four-fold profits Saudi Investment Bank inched up 0.8 per cent to trade at SR16.1 after it posted a four-fold jump in full-year net profit to SR980 million from SR239 million a year before. It reported a decrease in total operating expenses and in provisions. Abullah Al Othaim Markets ticked up by 1 per cent as its fourth-quarter profits rose 16.3 per cent to SR165.5 million as profit margins improved. ....
Following USD/CAD Price Forecast 2021: The complications of COVID-19 on the loonie and the hope for a recoveryANALYSIS | 12/22/2020 4:21:29 PM GMT Markets in 2021 turn on the defeat of the pandemic and resumption of normal economic activity. Comparative statistics did not provide a rationale analysis for the USD/CAD 2020 ascent or decline. Pandemic risk premium extraction dominated USD/CAD price trading in 2020 but ended in July at 1.3400. Canadian dollar will start 2021 on a strong commodity note, fade as the US economy recovers. This was the year without ambiguity. From the national economic catastrophes of the lockdowns to the closing of your favorite restaurant, from the US election to the politics of your local school board, COVID-19 touched everyone, destroyed much and left nothing unchanged. ....
Dec 23, 2020 17:27 GMTCrypto News Ripple looks forward to becoming smart contracts and decentralized finance (DeFi) friendly following a partnership with Flare Networks. Unclear regulations in the United States could see Ripple make the United Kingdom a new home. XRP is getting ready for an action-packed 2021 with a price prediction pointing to $3. Ripple’s CEO Brad Garlinghouse believes the blockchain startup will soon go public through an IPO. Describing 2020 remains a daunting task for many people across the globe. From the worldwide COVID-19 pandemic, black lives matter riots/protests in the United States, the dramatic US presidential elections, Brexit in the United Kingdom and the cryptocurrency market crash in March to the majestic recovery that led to a tremendous bull run in the last quarter of 2020. ....