|10-14-2014, 02:57 AM||#1|
UAE shares bounce back after panic sell-off
Stock markets in the United Arab Emirates bounced back on Monday from sharp sell-off in the previous session, with strong Chinese trade data easing fears over global growth.
Markets initially opened lower, but the Dubai Financial Market (DFM) main index and the Abu Dhabi Exchange (ADX) both ended higher on Monday, adding 1.93% and 0.96% respectively.
Arabtec, Mashreq Bank, and Dubai Investments were among the biggest companies to have risen on the DFM, while the ADX was led higher by First Gulf Bank and Aldar Properties.
Also, a report by Shuaa Capital that showed its quarterly results jumped by a six-fold helped push the financial sector higher.
Bourses in the Middle East and the Gulf fell the most in years on Sunday on fears of a global economic slowdown, together with a sharp decline in oil prices.
China’s trade data took some off the heat map after showing exports jumped 15.4% year-on-year in September, and the value of exports increased 6%.
Bond prices in Europe declined early Monday, as European stock markets also pushed higher.
Looking abroad, market participants have been reducing their exposure to risky assets and will be looking to the U.S. Federal Reserve’s policy meeting this month to have a glance at the Fed’s direction, given the condition of the Eurozone and a slowdown in Japan.
|مواقع النشر (المفضلة)|
|الذين يشاهدون محتوى الموضوع الآن : 1 ( الأعضاء 0 والزوار 1)|
|أدوات الموضوع||إبحث في الموضوع|
|انواع عرض الموضوع|
|الموضوع||كاتب الموضوع||المنتدى||مشاركات||آخر مشاركة|
|U.S shares closed mixed on Alibaba shares||Hazem Ahlawy||Forex News||0||09-20-2014 04:44 AM|
|U.S shares close in green led by energy shares||Hazem Ahlawy||Forex News||0||09-17-2014 02:27 PM|
|U.S shares closed the week in green on high-yield shares gain||Hazem Ahlawy||Forex News||0||09-07-2014 02:27 AM|
|Moving Average Bounce||Hazem Ahlawy||GENERAL FOREX DISCUSSIONS||1||08-15-2014 09:54 AM|