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Sideways trend dominates Gulf markets in past week’s trading

The Arab Gulf stock markets experienced a sideways trend over the past week affected by the high price of Brent Crude, which rose from $42.14 up to $46.97 per barrel since the beginning of August. Qatar led the region-wide rise to finish 2.57% higher during the past week’s trading. It increased from 10,681.08 points to …

Mohamed Ahmed

Kuwait tops Gulf stock markets amid varying performance

Performance of Gulf stock markets varied over the past week. The Kuwait Stock Exchange (KSE) rose by 1.29%, recording an average daily trade volume of KD 7.236m. The Qatar Stock Exchange (QSE) followed in second, having closed at 10,652.3 points and an average trade volume of QR 181.6m per day. The Muscat Securities Market (MSM) …

Daily News Egypt

Profits take over Gulf markets during last week’s trading

Qatar’s stock exchange topped the Gulf markets last week with an increase of 4.66%, reaching a level of 10,428.67 points, recording an average daily trading value of 144.914m riyals. Dubai capital market came second with an increase of 3%, reaching the level of 3,471.9 points, recording an average daily trading value of 496.84m dirhams. Saudi …

Daily News Egypt

Kuwaiti rulers fight their internal battles on the sports field

Political infighting within Kuwait’s ruling family is about to take a dramatic turn with reports that the Gulf state plans to dissolve its national sports organisations in a blatant illustration of the incestuous relationship between sports and politics. The expected Kuwaiti move, part of an effort to sideline Sheikh Ahmad Al-Fahad Al-Sabah, a member of …

James Dorsey