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Mideast Stocks-Weighed down by bank stocks, Saudi market dips after U.S. rate cut
August 4, 2019-- Saudi Arabian equities declined on Sunday, weighed down by banking shares, in line with major markets on Friday after the U.S. Federal Reserve cut interest rates, which was followed by rate cuts by most Gulf central banks.
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Boursa Kuwait's indices level up in July; liquidity record $3.21bln
August 2, 2019--The Kuwaiti indices grew in July, as the All-Share Market index gained 284.53 points, or 4.88%, to 6,116.66 points.
Last month, the Premier Market index went up by 367.06 points, or 5.76%, to 6,744.08 points.
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Mideast Stocks: Gulf markets tumble after Fed dashes hopes for more rate cuts
August 1, 21019--Saudi's index was down 0.8% with Samba Financial Group slumping 4%.
Gulf stocks dropped on Thursday after the U.S. Federal Reserve cut interest rates by 25 basis points but, significantly, signalled the move may not mark the beginning of a long easing cycle.
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Mideast Stocks: Gulf shares dip as Fed hints no further rate cuts
August 1, 2019--Major Gulf stock markets fell on Thursday after the U.S. Federal Reserve cut interest rates by 25 basis points but, significantly, signalled the move may not mark the beginning of a long easing cycle.
Markets had been looking for the Fed to signal more cuts were coming.
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Mideast Stocks: Saudi shares rise as NCB gains; financials weigh on Qatar
July 31, 2019--Saudi stocks rose on Wednesday as the earnings at National Commercial Bank boosted financial stocks. However, financial shares weighed down the Qatar market.
Saudi's index edged up 0.1%. The country's biggest bank, National Commercial Ban,, gained 0.7% after posting a 24% rise in second-quarter profit, helped by higher fee and commission income and lower expenses.
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Saudi Arabia's new robo-advisory services set to attract millennial, women investors
July 31, 2019--Two Saudi firms have been granted experimental permits to test robo-advisory services and computer-generated advice for investors, a move that could potentially tap new segments of investors in the region's largest capital market.
The Saudi Capital Market Authority (CMA) announced on Tuesday that it has given its approval to Wahed Capital and Haseed Investing Company to test their robo-advisory services.
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Mideast Stocks: Petchems lead Saudi lower, financials drag down Qatar
July 31, 2019--Saudi stocks dropped on Wednesday as losses in petrochemical shares outweighed earnings-fuelled gains in some banking stocks, while Qatar Insurance pulled the Qatari market down.
Saudi's index slipped 0.1%, with petrochemical maker Saudi Basic Industries Co2010.SE shedding 1.1% after earlier this week reporting its lowest quarterly profit since late 2009.
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Mideast Stocks: Positive bank results boost Saudi, other Gulf markets mixed
July 30, 2019--Saudi Arabia's stock market rose on Tuesday in a recovery from the previous session's biggest single-day loss in a month as strong earnings from two lenders boosted bank shares, while other Gulf bourses were mixed.
The Saudi index was up 0.4%.
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Mideast Stocks: Saudi edges up on strong earnings, Dubai extends gains
July 30, 2019--Saudi Arabian stocks edged up on Tuesday, recovering from the previous session's biggest single-day loss in a month, as strong earnings from two lenders boosted most bank shares.
Dubai's bourse consolidated gains after touching nearly a year-high on Monday.
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Mideast Stocks: Poor earnings lead major Gulf markets lower
July 29, 2019--Major Gulf markets dropped on Monday as a string of disappointing corporate earnings hurt the investor sentiment in the region, with Saudi Arabia underperforming other bourses amid falling banking shares.
Saudi's index was down 0.7% as all its lenders slipped into negative territory with Al Rajhi Bank dropping 1.7% in the biggest drag on the index.
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