Most share markets in the Gulf ended higher on Sunday but stocks did not react significantly to Joe Biden's victory in the U.S. presidential election. Saudi Arabia's benchmark index .TASI edged up 0.1%, with petrochemical maker Saudi Basic Industries 2010.SE rising 0.5%. © 2020, Nasdaq, Inc. All Rights Reserved. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. The MSCI Emerging Markets Index, which has a more than 50% weighting in Asian stocks, erased 2020’s drop late last last month. It is disseminated by the Saudi Stock Market. The Qatari index .QSI lost 0.3%, weighed down by a 1.4% fall in petrochemical firm Industries Qatar IQCD.QA. Enter up to 25 symbols separated by spaces. Major stock markets in the Gulf rose early on Sunday amid firmer oil prices as investors focused on the rollout of COVID-19 vaccines, with the Dubai index leading the gains. Most Gulf markets retreat; Dubai leads declines. Benefits Lapse for Millions as Trump Fails to Approve Bill. A market index is a hypothetical portfolio representing a segment of the financial market. The Abu Dhabi index was up 4.2% in early trade, Dubai was up 3.2% and Kuwait's main index was up 7%. Before it's here, it's on the Bloomberg Terminal. On DFM, real estate and financial stocks … Historically, the Kuwait Stock Exchange Index reached an all time high of 6416.43 in January of 2020. Dec 16 (Reuters) - Most major markets in the Gulf traded higher early on Wednesday, with Saudi Basic Industries Corp (SABIC) 2010.SE supporting the Saudi index. Dubai's main share index .DFMGI eased 0.1%, hurt by a 0.5% fall in Emirates NBD Bank ENBD.DU and a 0.6% decrease in blue-chip developer Emaar Properties EMAR.DU. The kingdom's benchmark index rose … The kingdom's benchmark index rose 0.4%, with SABIC, the world's 4th-biggest petrochemicals firm, advancing 1.2%, after it proposed a second-half dividend of 1.5 riyal per share. In Abu Dhabi, the index added 0.7%, led by a 1.1% rise in Emirates Telecommunications Group and a 0.5% increase in the country's largest lender First Abu Dhabi Bank. The DFM General Index climbed for a … Stocks in Dubai and Qatar led gains in Gulf equities, tracking emerging market increases as Brent crude prices recovered. Most major Gulf stocks closed lower on Thursday, with the Saudi bourse giving up early gains, While the Egyptian index extended its gains to a fourth day. Most Gulf stock markets rose in early trade on Monday, supported by gains in financials, while petrochemical firm Industries Qatar dragged down Qatari stocks. The ADX General increased 26 points or 0.50% since the beginning of 2020, according to trading on a contract for difference (CFD) that tracks this benchmark index from United Arab Emirates. Most major Gulf markets gained on Wednesday as crude prices rose on hopes of an effective COVID-19 vaccine, while Kuwait and Qatar markets lost steam after a string of solid gains. Bond Traders Close Out Chaotic Year With Key 1% Level in Sig... Investors Rethink Role of Bonds, Tech and ESG After Chaotic... U.S. Mortgage Rates Drop to Record 2.66% for 30-Year Loans. At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Saudi Basic Industries Corp., Saudi Telecom Co. and Banque Saudi Fransi provided the biggest boost to the market by index points. Major Gulf stock markets ended mixed on Tuesday, with Dubai stocks registering sharp gains following Emirates Airline's projection of a busy December as travellers return for holidays. GIFI: Get the latest Gulf Island Fabrication stock price and detailed information including GIFI news, historical charts and realtime prices. Dubai's stock market extended the previous session's gains on Thursday as the emirate began COVID-19 inoculations with the Pfizer-BioNTech vaccine, while other major Gulf markets … Keep supporting great journalism by turning off your ad blocker. Major Gulf stock markets were mixed in early trade on Thursday with the Abu Dhabi index leading gains boosted by top lender First Abu Dhabi Bank. Market Information Trading Co. (MITCO), P.O. Stock market indexes around the world are powerful indicators for global and country-specific economies. The TASI increased 344 points or 4.11% since the beginning of 2020, according to trading on a contract for difference (CFD) that tracks this benchmark index from Saudi Arabia. Saudi Arabia's benchmark index traded flat, with oil behemoth Saudi Aramco dropping 0.4% and Al Rajhi Bank losing 0.3%. Dec 15 (Reuters) - Most major stock markets were subdued in early trade on Tuesday as oil prices weakened, while Qatar's index was supported by financial shares. UAE's stock market to see three SME listings next week. ... Gulf funds are stocking up on healthcare. Elsewhere, Dubai's main share index fell 1.2%, with property stocks among major decliners. )+)$)/i, failureMessage: "A valid email address is required"});field1.add(Validate.Format, {pattern: /\.\.|\. (Reuters) - Major Gulf stock markets were mixed early on Sunday in the last week of trading for the year. Box 15570, Jeddah 21454, Saudi Arabia Other emerging makets that have already traded in the green for the year include South Africa and Turkey. Brent crude on Friday settled up 76 cents, or 1.5%, at $52.26 a barrel after touching $52.48, its … All major Gulf stocks registered gains in the week to Thursday, riding on a rally fuelled by … The UAE stock markets corrected sharply from early Monday (December 21), with DFM index down 3.85 per cent and ADX by 0.80 per cent. Historically, the Saudi Arabia Stock Market (TASI) reached an all time high of 20966.58 in February of 2006. Saudi Arabia’s benchmark index has … The TASI increased 344 points or 4.11% since the beginning of 2020, according to trading on a contract for difference (CFD) that tracks this benchmark index from Saudi Arabia. Closing level on Dec. 31 500, and Nasdaq gains in Gulf equities, tracking emerging market increases Brent... South Africa and Turkey, Inc. all Rights Reserved major markets in green! 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