Markets / Equities » Stocks

Last Updated: Fri, Apr 29 2016 | 11:42 AM |
Gulf markets rise after oil leaps

Gulf markets rise after oil leaps

QNB rose 1.4 percent after reporting a 7.1 percent rise in first-quarter net profit to $796.5m, while petrochemical and telecommunications stocks boosted Saudi Arabia's bourse

Gulf stock markets could soften after dip in crude prices

Tadawul may see profit taking, while Dubai Financial Market faces minor technical resistance at March peaks

Dubai and Qatar slip, Abu Dhabi down in early trade

Abu Dhabi's Union National Bank, which went ex-dividend on Wednesday, tumbled 7.0 percent in the first 40 minutes of trade

Gulf markets surge as oil nears $39

Shares in construction firm Arabtec surged 8% in the first hour of trade, while Dana Gas climbed 5.9%

Top Gainers

COMPANY PRICE CHANGE % CHANGE
OOREDOO QSC AED 90.00 7.50 9.09 %
NATL BK FUJAIRAH AED 4.79 0.33 7.50 %
AL KHAZNA INS CO AED 0.43 0.03 7.50 %
WATHBA NATL INS AED 4.46 0.31 7.47 %
ESHRAQ PROP AED 0.86 0.03 3.61 %
ALDAR PROPERTIES AED 2.72 0.03 1.12 %
Data delayed at least 15 minutes

Top Losers

COMPANY   PRICE CHANGE % CHANGE
AD NATL HOTELS AED 2.70 -0.30 -10.00 %
GULF CEMENT CO AED 0.93 -0.08 -7.92 %
AD COMMERCIAL BK AED 6.60 -0.55 -7.69 %
AD ISLAMIC BK AED 4.05 -0.29 -6.68 %
INVEST BANK AED 2.16 -0.04 -1.82 %
MANAZEL CO / PVT AED 0.59 -0.01 -1.67 %
Data delayed at least 15 minutes

Opinion » Opinion RSS

Why Saudi Arabia will struggle to kick its addiction to oil

Why Saudi Arabia will struggle to kick its addiction to oil

Transforming the economy is an enormously ambitious undertaking fraught with considerable risks, says Reuters analyst John Kemp

How Etihad's partnership strategy is paying off

How Etihad's partnership strategy is paying off

A strong set of results posted today shows that the Abu Dhabi airline’s much-discussed strategy is starting to bear fruit

Ismat 'Izzy' Abidi: How I built Freshly Ground Sounds

Ismat 'Izzy' Abidi: How I built Freshly Ground Sounds

Ismat “Izzy” Abidi, founder and creative director at Freshly Ground Sounds, shares the inspirational story of how her love for music led to setting up Freshly Ground Sounds and consequently helping build a recognised independent live music scene in Dubai.

Room for improvement?

Room for improvement?

With Dubai’s hotel market reaching maturity, the question of standards has moved to the forefront, says Courtney Trenwith

An Earth Day message to capital markets

An Earth Day message to capital markets

Time to refocus on renewable energy investments

How art and culture can benefit your business

How art and culture can benefit your business

The connection between business and the arts has lasted since the 15th century, but there's only one way a brand can pull it off properly, says Peter B Carzasty, speaking to The Luxury Marketing Council. By being authentic.

Interviews »

Can Abu Dhabi's new financial free zone compete?

Can Abu Dhabi's new financial free zone compete?

Cities across the Gulf are creating financial centres to propel themselves onto the...

Risky business: Lloyd’s of London's John Nelson

Risky business: Lloyd’s of London's John Nelson

For more than three centuries, Lloyd’s of London has been at the forefront of minimising...

Features & Analysis

Luxury prevails in Dubai's retail space

Luxury prevails in Dubai's retail space

Global luxury retail sales have nosedived along with foreign currencies and oil prices...

Saudi riyal peg pressure eases, but not gone

Saudi riyal peg pressure eases, but not gone

Volatile energy swings mean the currency remains vulnerable, especially if Riyadh...

Don't miss
Entrepreneur of the Week: Khalid Alkhudair, founder of Glowork

Entrepreneur of the Week: Khalid Alkhudair, founder of Glowork

The founder of Saudi’s Glowork has launched a mobile app to boost female labour-force participation...

Revealed: From Alwaleed to Trump - the top stories of 2015

Revealed: From Alwaleed to Trump - the top stories of 2015

Underwater tennis stadiums, Bill Gates and tax issues also proved popular

Entrepreneur of the Week: Nezar Kadhem, co-founder of Eat

Entrepreneur of the Week: Nezar Kadhem, co-founder of Eat

Nezar Kadhem co-founded Eat in Manama in 2014 to offer restaurateurs and hoteliers across the...

Entrepreneurs of the Week: Leyla Lahsini and Shirin Benamadi, KenziBox

Entrepreneurs of the Week: Leyla Lahsini and Shirin Benamadi, KenziBox

Our Entrepreneurs of the Week – Leyla Lahsini and Shirin Benamadi of Kenzibox – have found...

Arabian Business Achievement KSA Awards 2015

Event recognised 12 winners from across the length and breadth of Saudi industry

Entrepreneur of the Week - Noor Faisal Al-Qatami

Entrepreneur of the Week - Noor Faisal Al-Qatami

The success of our latest Entrepreneur of the Week - Noor Faisal Al-Qatami - makes her a business...

Dubai ruler launches $272m global drive to combat poverty, unemployment

Dubai ruler launches $272m global drive to combat poverty, unemployment

Mohammad Bin Rashid Al Maktoum Global Initiatives is an umbrella body which will also focus...

In Pictures: Sheikh Rashid bin Mohammed: 1981-2015

Sheikh Rashid bin Mohammed bin Rashid Al Maktoum, who died of a heart attack on Saturday morning...

Most Discussed
sponsoredTracking