Most major bourses in the Gulf rose on Tuesday as oil prices held near one-year highs.
Saudi Arabia’s Tadawul All-Share Index (TASI) gained 1.5 percent, trimming its loss over the last four weeks to 8.4 percent. All 14 listed petrochemical producers advanced after Brent oil futures surged as much as 3 percent on Monday. Saudi Basic Industries, which has not…Read more
US stocks rose Monday as a fresh climb in oil prices boosted shares of energy companies.
The Dow Jones Industrial Average rose 88.55 points, or 0.5%, to 18329.04. The S&P 500 climbed 9.92 points, or 0.5%, to 2163.66. The Nasdaq Composite added 36.27 points, or 0.7%, to 5328.67.Read more
The central parity rate of the Chinese currency renminbi, or the yuan, weakened 90 basis points to 6.7098 against the U.S. dollar Tuesday, according to the China Foreign Exchange Trading System.
In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2% from the central parity rate each trading day, China's News Agency (Xinhua)…Read more
Japan's stocks rose to a five-week high on Tuesday, led by mining stocks after oil prices jumped the previous day and a weak yen lifted risk appetite.
The Nikkei rose 1.0% to 17,024.76, the highest closing level since Sept. 6. The broader Topix rose 0.4% to hit a four-month closing high of 1,356.35. The JPX-Nikkei Index 400 rose 0.4%…Read more
Samsung's share price fell 8.0% by the close of trade Tuesday on the back of a decision to halt sales and exchanges of the company's troubled Galaxy Note 7 smartphone.
The share price ended the day at 1.54 million won after the early morning announcement, which was accompanied by an advisory for all customers to stop using their Note…Read more
European stock markets fell on Tuesday, with a pullback in the shares of major oil companies weighing on markets. The pan-European STOXX 600 index was down by 0.3%, with the index down by around 7% so far in 2016.
The STOXX Europe 600 Oil & Gas index fell 0.4% as oil prices retreated from one-year highs. However, the shares…Read more
Shares of Twitter Inc. slumped more than 13 percent in premarket trading on Monday after a weekend Bloomberg report that the social media company was unlikely to receive any bids.
Salesforce.com Inc, Alphabet Inc’s Google and Walt Disney Co, which had worked with banks on a potential acquisition, are unlikely to proceed, Bloomberg reported on Saturday, citing people familiar with…Read more
Saudi Arabia’s stock market rebounded on the back of banking shares on Monday while other major Gulf bourses were firm, with builder Drake & Scull leaping in Dubai after it replaced its chief executive.
Saudi Arabia’s Tadawul All-Share Index, which had tumbled 2.2 percent on Sunday as banks dropped because of concern about the impact of austerity policies on their…Read more
Kuwait Stock Exchange (KSE) ended Monday's trading in the red zone. The price index was down 16.4 points to stand at 5,294 points, the weighted index was also down 1.07 points, and the KSX 15 index fell by 3.37 points.
According to Kuwait News Agency (KUNA), value of trade was at KD 9.6 million while the volume was 42.7…Read more
Muscat Securities Market (MSM) general index (30) today lost 5.81 points, comprising a rise by 0.10% to close at 5,686.55 points, compared to the last session, which stood at 5,692.36 points.
The trading value today stood at Omani Riyal (RO) 2,787,024, comprising a decline by 77.54% compared to the last session, which stood at RO 7,957,255.
The market…Read more