Stocks United Arab Emirates Latest Information
HSBC UAE: Output Levels and Rate of Job Creation Rise in Non-Oil Producing Private Sector, While Growth of New Work ...
By Nadia Saleem DUBAI, May 20 (Reuters) - Kuwait's bourse extended sharpyear-to-date gains in heavy trading on Monday, whileprofit-taking weighed on bourses in the United Arab Emirates andother markets were mixed. Kuwait's index rose 1.3 percent to hit a fresh46-month high, trading 111 million dinars ($387.9 million). Companies owned by one of Kuwait's largest merchant familiesrose after a ... STOCKS NEWS MIDEAST-UAE mkts extend slide; Doha dips off 28-mth high
1025 GMT - Markets in the United Arab Emirates fall for asecond day as investors book profits from an early-year surgeand Qatar's bourse slips from 28-month high. Dubai's index drops 0.9 percent to finish at 2,319points, trimming 2013 gains to 42.8 percent. Large-caps weigh, with Emaar Properties andEmirates NBD down 1.7 percent and 1.6 percentrespectively. Drake and Scull rises 1 percent after ... STOCKS NEWS MIDEAST-Strong earnings may limit Dubai drop
0550 GMT - United Arab Emirates markets may ease onprofit-taking because of a weak global backdrop, but strongfirst-quarter earnings from mid-tier companies in Dubai shouldprevent any big drop. Du, the UAE's second biggest telecommunicationsoperator, posted a net profit of 467.9 million dirhams ($127.4million), up 40.5 percent and slightly above analysts' averageforecast of 454.2 million dirhams ... STOCKS NEWS MIDEAST-Gulf mkts upbeat as Q1 results bolster confidence
0555 GMT - Gulf investors' focus will remain fixed oncorporate first-quarter earnings on Sunday. Markets in the United Arab Emirates are at multi-year highsas upbeat results from banks buoy optimism over the country'seconomy. Dubai's top bank Emirates NBD posted a 31-percentjump in profit on Thursday, following on from National Bank ofAbu Dhabi's 36-percent hike in net profit on Tuesday. ... STOCKS NEWS MIDEAST-UAE mkts extend gains, Qatar slips
0732 GMT - Property-related stocks help United Arab Emiratesmarkets extend gains, while Qatar's bourse slips from a 13-monthhigh. Dubai's measure climbs 0.5 percent to 2,173 points,almost regaining Sunday's 42-month high. News that Dubai Group, an investment vehicle owned by theemirate's ruler, aims to secure a final agreement within weekson its $10 billion debt restructuring is positive ... STOCKS NEWS MIDEAST-UAE seen continuing to test fresh highs
0545 GMT - Markets in the United Arab Emirates are seentesting new multi-year highs on Monday, although the chances ofa short-term pull-back are increasing by the day. Dubai's index is up 30.0 percent in 2013, and onSunday hit its highest close since November 2009. Abu Dhabi has gained 24.6 percent year-to-date and is trading atlevels last seen in 2008. ... STOCKS NEWS MIDEAST-Drake and Scull wins $461 mln Saudi contract
0540 GMT - Dubai construction stocks will be in focus onTuesday after Drake and Scull won a contract in SaudiArabia and Arabtec said a labour dispute would notaffect project deliveries. Engineering firm Drake and Scull has been awarded a 1.73billion riyal ($461.30 million) contract in Jeddah. Builder Arabtec says it is working with authorities in theUnited Arab Emirates to resolve a labour ... STOCKS NEWS MIDEAST-Some see risk of summer slowdown
0537 GMT - Regional investors may begin to back off frommaking big bets in Gulf stock markets with the approach ofsummer, a time when trading activity usually thins asparticipants travel abroad to escape the heat, some analystsbelieve. Many investors and analysts have been expectingconsolidation in the markets of the United Arab Emirates andKuwait, which are up around 30 percent year-to-date ... World's 5 hottest stock markets
From Japan and the Philippines to the United Arab Emirates and Kuwait, these countries' stock markets have rallied more than 20% so far this year.