Equity - Middle East & Africa

Easing of restrictions boosts Saudi; other markets mixed

Easing of restrictions boosts Saudi; other markets mixed

The index declined 0.7pc, with sharia-compliant lender Dubai Islamic Bank falling 1.4pc and lender Emirates NBD was down 0.8pc. The Abu Dhabi index edged...

Nigerian stocks hit 10-week high after oil prices gain

Nigerian stocks hit 10-week high after oil prices gain

The best performer was Stanbic IBTC Bank, the Nigerian unit of Standard Bank, which rose 10pc - the maximum allowed on the bourse. BUA...

Most Gulf stocks rise on higher oil prices; Saudi leads gains

Most Gulf stocks rise on higher oil prices; Saudi leads gains

Saudi Aramco closed up 1.3% at 32.35 riyals above its initial public offering price of 32 riyals, a mark it last touched on April...

Saudi extends losses as record OPEC+ cut fails to cheer investors

Saudi extends losses as record OPEC+ cut fails to cheer investors

The Organization of the Petroleum Exporting Countries and allies led by Russia agreed to reduce output by 9.7 million barrels per day in May...

Most Gulf indexes ease as investors flee risk on virus fears

Most Gulf indexes ease as investors flee risk on virus fears

Saudi Arabia's benchmark index declined 0.7pc in early trade, with Al Rajhi Bank shedding 0.6pc and Saudi Telecom losing 1.1pc. In Abu Dhabi, the...

Emaar sends Dubai higher, Qatar outperforms

Emaar sends Dubai higher, Qatar outperforms

The Qatari index gained 1.2pc. Qatar Fuel Co traded up 1.3pc, while Qatar Navigation advanced 2.3pc. Saudi Arabia's benchmark index edged up 0.1pc, as...

Saudi gains on oil price surge; others little changed

Saudi gains on oil price surge; others little changed

Oil staged its largest one-day rally in history on prospects for a cut in supply equivalent to anywhere from 10pc to 15pc of world...

Nigerian stocks hit new 8-year low as coronavirus lockdown enters day two

Nigerian stocks hit new 8-year low as coronavirus lockdown enters day two

The all share index dropped to 20,789 points, a level last seen in April 2012, as Dangote Cement shed 9.95pc to 116.80 naira each. ABUJA:...

Stocks in Middle East fall on coronavirus impact

Stocks in Middle East fall on coronavirus impact

More than 615,600 people have been infected by the coronavirus across the world and 28,316 have died. The six-nation Gulf Cooperation Council have confirmed...

Gulf stocks slide as virus-related lockdowns deepen recession fears

Gulf stocks slide as virus-related lockdowns deepen recession fears

Dubai's main share index dropped 2.2pc, extending losses from the previous session, weighed down by a 5pc slide in the country's only listed airline...

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