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EU to Impose 11.1 Percent Anti-Dumping Duties on MEG Saudi Petchems Product

EU to Impose 11.1 Percent Anti-Dumping Duties on MEG Saudi Petchems Product
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UAE investors take their profits and now wait on US Fed's next move

Abu Dhabi and Dubai stocks pulled back with investors treading cautiously as they await upcoming monetary policy guidance from the Federal Reserve. Saudi and Qatari stocks outperformed with some outstanding corporate earnings cheering the markets.
Saudi Arabia s benchmark index traded 0.4 per cent higher to close the day at 10,267 points, with banking, healthcare and real estate stocks leading the advances. The earnings also served as good guidance for investors with Sulaiman Alhabib, Saudi Kayan Petrochemical and Alinma Bank among top gainers after earlier this week announcing improved quarterly profits.
Flying high
Saudi Advanced Industries ticked up after the first-quarter profits more than doubled and sales scaled up by around 84 per cent, while National Company for Glass Industries clocked a near four-fold surge on the bottom-line for the same period. The kingdom s largest lender Saudi National Bank added to its gains on the back of a 20 per cent rise in the q ....

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MIDEAST STOCKS Major Gulf bourses off to a mixed start

Middle EastMIDEAST STOCKS Major Gulf bourses off to a mixed start
Reuters
3 minutes read
A Saudi trader observes the stock market on monitors at Falcom stock exchange agency in Riyadh, Saudi Arabia February 7, 2018. REUTERS/Faisal Al Nasser
Major Gulf markets were mixed in early trade on Sunday, with the Saudi index on track to extend gains from the previous session helped by in healthcare and petrochemical shares.
Saudi Arabia s benchmark index (.TASI) gained 0.3%, with Dr Sulaiman Al-Habib Medical Services (4013.SE) rising 1.8% and Saudi Kayan Petrochemical (2350.SE) jumping 4.4%.
The petrochemical firm posted a net profit of 492.9 million riyals in first-quarter compared to a loss of 516.8 million riyals a year earlier. ....

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Mideast Stocks: Major Gulf bourses off to a mixed start

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First quarter numbers lift UAE stocks, with Emaar, Deyaar leading the way

UAE and other GCC stocks soared, driven by a combination of factors from fairly good-looking first-quarter numbers and Qatar s foreign ownership limit removal to oil demand outlook and lower consumer inflation in Saudi Arabia.
Dubai Financial Market scaled 2.5 per cent higher at 2,633 points, making for the second-sharpest single-day rise this year as Emaar Properties soared 6 per cent for its best performance year-to-date. The index was further boosted as the rally expanded to the rest of the property shares, with Emaar Development up 5 per cent, while Damac Properties and Deyaar Development raced beyond 3 per cent.
Earnings extend rally
Dubai s real estate sector saw an upside in most of the recent sessions, buoyed by more than a two-fold uptick in Emaar sales numbers and which could indicate how property firms have fared in the first-quarter. The argument was further backed up by Deyaar Development, whose profit figures came in at more than five times last year. I ....

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