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Mideast Stocks: Dubai ends run of gains, Gulf dragged by financials
February 21, 2019--Dubai stocks fell back on Thursday after touching a two-and-half-month high as real estate stocks slipped after leading six days of gains, while all major Gulf bourses also dropped on sliding financial stocks.
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Mideast Stocks: Dubai lifted by real estate as Gulf gains on global rally
February 20, 2019--Dubai's main stock index closed at a two-and-half-month high on Wednesday after strong fourth-quarter earnings from real estate companies last week triggered six days of gains.
All major Gulf bourses were driven higher by a wider stocks rally on hopes of progress in trade talks between the United States and China.
Mideast Stocks: Dubai continues winning streak, banks pressure Saudi
February 19, 2019--The Dubai stock market extended a run of gains as it rose for a fifth session on Tuesday, mainly driven up by property stocks after strong fourth-quarter earnings.
Banks dragged Saudi lower as investors booked profit after the market gained significantly this year.
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Mideast Stocks: Saudi slips on profit-taking, banks drag Abu Dhabi lower
February 18, 2019--Saudi Arabia's stock market fell on Monday with most sectors turning red, led by the banks as investors focused on profit-taking after the market by far outperformed its major Gulf peers. Financial stocks also pulled Abu Dhabi down.
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Mideast Stocks: Saudi slips on profit-taking, banks drag Abu Dhabi lower
February 18, 2019--Saudi Arabia's stock market fell on Monday with most sectors turning red, led by the banks as investors focused on profit-taking after the market by far outperformed its major Gulf peers. Financial stocks also pulled Abu Dhabi down.
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Mideast Stocks: UAE property developers' earnings give Gulf markets a boost
February 17, 2019--Most stock markets in the Middle East closed higher on Sunday, reflecting a rally in global stock markets on Friday, and were also boosted by better-than-expected company results, particularly in real estate.
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Saudi equities make up 75% of PIF's assets, says fund's chief
February 14, 2019--Saudi Arabia''s sovereign wealth fund has four folds of investment, of which local equities represent three quarters of its assets under management, the fund's chief has said.
The four folds of investments that we have in Saudi by the sovereign fund are Saudi equities, and that represents 75 percent of our assets under management, the giga-projects like NEOM, Red Sea and Qiddiya...
Mideast Stocks: Dubai gains, led by Emaar; Qatar slips to four-month low
February 14, 2019--Dubai stocks rose on Thursday as earnings at Emaar-linked companies lifted its battered real estate shares, while Qatar's market was pulled down to a four-month low by a sell-off in its blue-chip firms.
Mideast Stocks: Banks drag Qatar to 3-month low, Saudi gains
February 13, 2019--The Qatar stock market slid to a near three-month low on Wednesday, dragged down by its blue-chip banking shares, while Saudi Arabia crept higher, aided by petrochemicals.
Qatar's index fell for a sixth straight day, declining 1.2 percent, and lenders Masraf Al Rayan and Qatar Islamic Bank dropped by 2.8 percent and 2.6 percent respectively.
Shares in Kuwait's CBK rose on Tuesday as the bank announced a rise in Q4 earnings
February 12, 2019--Shares in Commercial Bank of Kuwait (CBK) rose sharply on Tuesday after the bank announced a surge in fourth quarter (Q4) earnings for 2018.
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