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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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Oil slips as investors weigh up supply factors
February 7, 2019--Oil fell on Thursday after data showing a rise in U.S. inventories weighed on sentiment already rattled by the global economy, though prices were buoyed by the prospect that supply could fall short of global demand.
Brent crude oil futures were last down 50 cents, or 0.8, at $62.19 a barrel by 1310 GMT.
Mideast Stocks: Banks lead Saudi gains, Emirates NBD lifts Dubai
February 5, 2019--Saudi Arabia's stock market rose on Tuesday on the back of its blue-chip banks, while Dubai's gains were led by its top lender Emirates NBD.
Saudi Arabia's index gained 0.4 percent, with Al Rajhi Bank climbing 0.6 percent after the Capital Market Authority approved an increase in capital
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Monthly markets review: Region's stock markets make strong start to 2019, Saudi outperforms in January
February 5, 2019--Stock markets in the Middle East mostly made strong gains in January, tracking a rise in global markets and oil prices during the month. In most cases, markets were also buoyed by fourth quarter earnings results.
Saudi Arabia and Egypt's indices outperformed the region, while Oman's index was the sole loser among its peers in the Gulf.