Abu Dhabi Bourse To Halve Trading Commissions, Second Cut This Year

Abu Dhabi / United Arab Emirates – The Abu Dhabi Securities Exchange (ADX) said on Saturday it would have its trading commissions to 0.025% from 0.05% from Sept. 1, the exchange’s second commission cut this year and the third three years. Both ADX and Dubai Financial Market (DFM), in separate statements, also said they would … More Abu Dhabi Bourse To Halve Trading Commissions, Second Cut This Year

MIDEAST STOCKS Oil Prices Aid Saudi Shares; Other Gulf Bourses Mixed

Paris/France – – Saudi Arabia shares gained in early trade on Tuesday following a rise in crude prices on demand hopes, while other major markets traded mixed. Brent crude oil futures were up 46 cents, or 0.7% to $69.21 a barrel by 0648GMT, after the U.S. drug regulator granted dull approval to the Pfizer Inc./BioNTech … More MIDEAST STOCKS Oil Prices Aid Saudi Shares; Other Gulf Bourses Mixed

MIDEAST STOCKS Saudi And Qatar Stocks Treat Water Amid Delta Fears

Saudi Arabia’s And Qatar’s stocks gave up early gains to close flat on Thursday, amid fears about the spread of the Delta variant of the coronavirus weighing on sentiment. The GCC stock markets were impacted by fears of an economic slowdown as China takes steps to limit the spread of the coronavirus, said Daniel Takieddine, … More MIDEAST STOCKS Saudi And Qatar Stocks Treat Water Amid Delta Fears

MIDEAST STOCKS Saudi Gains On Banking Boost; Etisalat Drags Abu Dhabi Lower

Most stocks markets in the Gulf rose in early trade on Monday, with banks boosting the Saudi index, while the Abu Dhabi bourse was hit by declines in Etisalat shares. Saudi Arabi’s benchmark index (.TASI) gained 0.5%, with Al Rajhi Bank rising 1.9% and petrochemical firm Saudi Basic Industries was up 1.2%. Al Rajhi Bank … More MIDEAST STOCKS Saudi Gains On Banking Boost; Etisalat Drags Abu Dhabi Lower

MIDEAST STOCKS Saudi Bourse Underperforms Major Gulf Markets, Qatar Gains

Most major stocks markets in the Gulf ended lower on Sunday, with the Saudi index leading the losses, although Qatar bucked the trend to close higher. The benchmark index (.TASI) in Saudi Arabia, fell 0.6% with Al Rajhi Bank and petrochemical firm Saudi Basic Industries dropping 1.8% each. The kingdom’s April crude oil exports fell … More MIDEAST STOCKS Saudi Bourse Underperforms Major Gulf Markets, Qatar Gains

MIDEAST STOCKS Saudi Leads Major Gulf Markets Higher; Egypt Slides

Major stocks markets in the Gulf ended higher on Tuesday, with the Saudi index leading the way, while broad – based losses pulled Egyptian shares lower amid media reports the country’s National Bank is set to raise $1 billion to refinance debt. Egypt’s blue – chip index (EGX30) declined 2.1%. Most of the stocks on … More MIDEAST STOCKS Saudi Leads Major Gulf Markets Higher; Egypt Slides