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Saudi Stocks Extend Slide On Reflation Trade Slowdown: Inside EM

Saudi Stocks Extend Slide On Reflation Trade Slowdown: Inside EM
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Omani Shares Lead Mideast Gains on Rare Bank Tie-Up: Inside EM

Omani Shares Lead Mideast Gains on Rare Bank Tie-Up: Inside EM
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Dubai shares gain most in Gulf as real estate rallies

Dubai: Dubai s benchmark stock index advanced the most among Gulf peers as real estate shares extended gains.
The Dubai Financial Market General Index rose as much as 1.3%, up for a fifth day in its longest winning streak since March. The sub-index tracking Dubai-based real estate shares climbed as much as 2.4% on Sunday, touching the highest level since November 2019. Those shares are trading higher amid a residential property price rally Morgan Stanley sees lasting for years.
Vaccinations are helping a lot the reopening theme from an investment case perspective, particularly in the United Arab Emirates and Saudi Arabia, Ali El Adou, head of asset management at Daman Investments in Dubai, said in an interview with Bloomberg TV. The UAE, a federation of seven sheikdoms including Dubai, has one of the highest inoculation rates globally. ....

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Dubai Shares Gain Most in Gulf as Real Estate Rallies: Inside EM

(Bloomberg) Dubai’s benchmark stock index advanced the most among Gulf peers as real estate shares extended gains.The Dubai Financial Market General Index rose as much as 1.3%, up for a fifth day in its longest winning streak since March. The sub-index tracking Dubai-based real estate shares climbed as much as 2.4% on Sunday, touching the highest level since November 2019. Those shares are trading higher amid a residential property price rally Morgan Stanley sees lasting for years.Morgan Stanley Sees Dubai Property Rally Lasting for YearsVaccinations are “helping a lot the reopening theme from an investment case perspective,” particularly in the United Arab Emirates and Saudi Arabia, Ali El Adou, head of asset management at Daman Investments in Dubai, said in an interview with Bloomberg TV. The UAE, a federation of seven sheikdoms including Dubai, has one of the highest inoculation rates globally.“We’re still bullish, in terms of that theme, especia ....

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Dubai shares gain amid property recovery optimism

Dubai shares gain amid property recovery optimism
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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. ....

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