Trends - Gulf - Business Recorder

Gulf

Mashreq Bank lifts Dubai, Abu Dhabi edges up

Stock markets in the United Arab Emirates closed higher on Friday, with Dubai leading the charge, driven by gains in...

Published 31 Jan, 2025 05:55pm

Markets

Gulf markets end mixed as investors eye earnings

Stock markets in the Gulf ended mixed on Thursday ahead of more corporate earnings, with the Dubai index ending four...

Published 30 Jan, 2025 07:14pm

Markets

Gulf markets end mixed amid US tariff threats

Stock markets in the Gulf closed mixed on Tuesday as investors assessed U.S. President Donald Trump’s latest tariff...

Published 28 Jan, 2025 07:03pm

Markets

Most Gulf markets fall amid US trade concerns

Most stock markets in the Gulf ended lower on Monday due to uncertainty surrounding U.S. trade policy, although the...

Published 27 Jan, 2025 07:07pm

Markets

Oil boosts Abu Dhabi, Dubai falls

Abu Dhabi index closed higher on Friday, in line with oil prices after U.S. President Donald Trump issued a sweeping...

Published 24 Jan, 2025 05:44pm

Markets

Gulf markets end mixed amid Trump’s tariff plans

Stock markets in the Gulf ended mixed on Thursday, as investors remained cautious, keeping a watchful eye on U.S....

Published 23 Jan, 2025 07:44pm

Markets

Most Gulf markets rise amid tariff uncertainty

Most stock markets in the Gulf ended higher on Wednesday amid general caution in response to U.S. President Donald...

Published 22 Jan, 2025 06:45pm

Markets

UAE bourses close lower ahead of fourth-quarter earnings

Stock markets in the United Arab Emirates closed lower on Friday, despite rising oil prices, ahead of the upcoming...

Published 17 Jan, 2025 07:52pm

Markets

Most Gulf markets end higher ahead of US CPI

Most stock markets in the Gulf ended higher on Wednesday ahead of highly anticipated U.S. consumer price index data,...

Published 15 Jan, 2025 07:24pm

Markets

Most Gulf shares gain as Gaza ceasefire hopes rise; Egypt snaps losing streak

The Qatar stock index led most Gulf equities higher on Tuesday as hopes for a Gaza ceasefire rose after mediators...

Published 14 Jan, 2025 07:32pm

Markets

Most Gulf markets in red on US rate cut uncertainty

Most stock markets in the Gulf ended lower on Monday, as unexpectedly strong U.S. jobs data reinforced expectations...

Published 13 Jan, 2025 07:50pm

Markets

UAE shares mixed ahead of US jobs data

Stock markets in the United Arab Emirates ended Friday on a mixed note, as investors held their breath ahead of...

Published 10 Jan, 2025 08:06pm

Markets

Gulf markets ease on US economic data

Most stock markets in the Gulf were subdued on Thursday as signs of U.S. economic resilience dampened expectations...

Published 09 Jan, 2025 07:58pm

Markets

Most Gulf markets in red on US rate outlook

Most stock markets in the Gulf ended lower on Wednesday as traders bet that the U.S. Federal Reserve would be...

Published 08 Jan, 2025 07:09pm

Markets

Most Gulf markets gain ahead of US economic data

Most Gulf stock markets ended higher on Tuesday as investors awaited a slate of U.S. economic data this week that...

Published 07 Jan, 2025 07:49pm

Markets

Most Gulf bourses gain ahead of US economic data

Most stock markets in the Gulf ended higher on Monday as investors looked to minutes of the U.S. Federal Reserve’s...

Published 06 Jan, 2025 06:31pm

Markets

UAE stocks subdued as investors lock in profits

Stock markets in the United Arab Emirates were subdued on Friday, with Dubai’s index retreating due to profit-taking...

Published 03 Jan, 2025 07:14pm

Markets

Most Gulf markets in red; Saudi gains

Most stock markets in the Gulf ended lower on Thursday in the absence of fresh factors, with the Saudi index bucking...

Published 02 Jan, 2025 06:59pm

Markets

Most Gulf markets wrap up 2024 with sparse gains; Dubai stands out

Most stock markets in the Gulf ended higher on Tuesday, concluding the year with meagre gains amid weak oil prices,...

Published 31 Dec, 2024 07:23pm

Markets

Most Gulf bourses gain, Dubai hits 10-year high

Most stock markets in the Gulf ended higher on Monday in thin trade ahead of the end of the year, with the Dubai...

Published 30 Dec, 2024 08:43pm

Markets

UAE stocks mixed as Abu Dhabi extends losses

United Arab Emirates stock markets closed mixed on Friday, as Dubai’s index extended its winning streak to third...

Published 27 Dec, 2024 08:05pm

Markets

Dubai index hits over a decade high again; most Gulf shares down

Dubai’s benchmark stock index surged to its highest level in more than a decade on Thursday, while most other...

Published 26 Dec, 2024 08:51pm

Markets

UAE markets gain ahead of key US inflation data

Stock exchanges in the United Arab Emirates advanced on Friday, with Abu Dhabi leading the charge ahead of key U.S....

Published 20 Dec, 2024 06:51pm

Markets

Most Gulf shares join global decline as Fed sounds hawkish

Most stock markets in the Gulf tracked global equities lower on Thursday after the U.S. Federal Reserve signaled a...

Published 19 Dec, 2024 07:23pm

Markets

Gulf equities end mixed; Fed rate outlook in focus

Gulf shares were mixed on Wednesday as investors exercised caution ahead of the U.S. Federal Reserve’s last policy...

Published 18 Dec, 2024 08:01pm

Markets

Emaar lifts Dubai to over decade-high; most Gulf shares slip

Dubai’s benchmark share index surged on Tuesday to its highest level in more than a decade, while most other markets...

Published 17 Dec, 2024 06:25pm

Markets

Dubai outperforms other Gulf markets as Fed rate decision eyed

Dubai’s benchmark share index jumped on Monday to its highest level in more than a decade, lifted by real estate and...

Published 16 Dec, 2024 07:28pm

Markets

Real estate and industrial stocks lift Dubai; Abu Dhabi falls

Dubai’s main share index closed higher on Friday, in line with oil prices, boosted by gains in real estate and...

Published 13 Dec, 2024 06:19pm

Markets

Most Gulf markets track global shares higher on Fed rate cut bets

Most stocks markets in the Gulf were up in early trading on Thursday in tandem with a rally in global equities after...

Published 12 Dec, 2024 02:14pm

Markets

Most Gulf markets gain ahead of US inflation report

Most stock markets in the Gulf region edged higher in early trade on Thursday as investors awaited U.S. inflation...

Published 11 Dec, 2024 01:43pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 31	279.03
USD PKR Interbank Buying / Jan 31	278.88
USD to Japanese Yen / Jan 31	155.19
USD to Swiss Franc / Jan 31	0.91
Pound Sterling to USD / Jan 31	1.24
Euro to USD / Jan 31	1.04

Stock	Volume
Hang Seng / Jan 30	20,225.11
S&P 500 / Jan 31	6,040.53
India Sensex / Jan 31	77,500.57
Tokyo Nikkei / Jan 31	39,572.49
Nasdaq / Jan 31	19,627.44
FTSE 100 / Jan 31	8,673.96
Dow Jones / Jan 31	44,544.66
Germany DAX 30 / Jan 31	21,732.05

Item	Value
Crude Oil USD/Barrel / Jan 31	72.53
Karachi Cotton PKR/37.32 KG / Jan 31	18,285
Gold 10 Grams PKR / Jan 31	250,171
Gold Spot USD/Ounce / Jan 31	2,798.41
Cotton US¢/pound / Jan 31	65.88
Petrol/Litre / Feb 1	256.13

Gainers
Losers
Leaders

Stock	Price
Kohinoor Ind. / Jan 31 Kohinoor Industries Limited(KOIL)	10.21 ▲ 1 (10.86%)
IGI Life Ins / Jan 31 IGI Life Insurance Limited(IGIL)	15.13 ▲ 1.38 (10.04%)
Sana Ind / Jan 31 Sana Industries Limited(SNAI)	28.77 ▲ 2.62 (10.02%)
Tariq Corporation / Jan 31 Tariq Corporation Limited(TCORP)	16.91 ▲ 1.54 (10.02%)
I.C.C. Ind. / Jan 31 ICC Industries Limited(ICCI)	15.72 ▲ 1.43 (10.01%)
Redco Textile / Jan 31 Redco Textiles Limited(REDCO)	24.17 ▲ 2.2 (10.01%)
Leather Up Ltd. / Jan 31 Leather Up Limited(LEUL)	53.74 ▲ 4.89 (10.01%)
Pak Leather / Jan 31 Pak Leather Crafts Limited(PAKL)	32.63 ▲ 2.97 (10.01%)
Dandot Cement / Jan 31 Dandot Cement Company Limited(DNCC)	16.48 ▲ 1.5 (10.01%)

Stock	Price
Blue-Ex Ltd / Jan 31 Blue-Ex Limited (GEM)(GEMBLUEX)	54.86 ▼ -6.1 (-10.01%)
D.M. Textile / Jan 31 D.M. Textile Mills Limited(DMTX)	63 ▼ -7 (-10%)
First Imrooz Mod. / Jan 31 First Imrooz Modaraba(FIMM)	189 ▼ -21 (-10%)
Power Cem(Pref) / Jan 31 Power Cement (Pref)(POWERPS)	10.41 ▼ -1.15 (-9.95%)
National Silk / Jan 31 The National Silk & Rayon Mills Limited(NSRM)	40.84 ▼ -4.51 (-9.94%)
Sec. Inv. Bank / Jan 31 Security Investment Bank Limited(SIBL)	7.83 ▼ -0.76 (-8.85%)
Shahtaj Sugar / Jan 31 Shahtaj Sugar Mills Limited(SHJS)	109.56 ▼ -10.44 (-8.7%)
Kohinoor Mills / Jan 31 Kohinoor Mills Limited(KML)	31.05 ▼ -2.9 (-8.54%)
F.Credit & Inv / Jan 31 First Credit and Investment Bank Limited(FCIBL)	7.28 ▼ -0.66 (-8.31%)

Stock	Volume
Cnergyico PK / Jan 31 Cnergyico PK Limited(CNERGY)	66,672,997 ▲ 0.14
Sui South Gas / Jan 31 Sui Southern Gas Company Limited(SSGC)	48,364,956 ▼ -1.33
WorldCall Telecom / Jan 31 Worldcall Telecom Limited(WTL)	36,344,486 ▼ -0.06
Waves Home Appliances / Jan 31 Waves Home Appliances Limited(WAVESAPP)	33,226,540 ▼ -0.77
Bank Makramah / Jan 31 Bank Makramah Limited(BML)	31,509,642 ▲ 0.04
B.O.Punjab / Jan 31 The Bank of Punjab(BOP)	17,873,860 ▲ 0.2
K-Electric Ltd. / Jan 31 K-Electric Limited(KEL)	16,969,744 ▼ -0.07
Pak Refinery / Jan 31 Pakistan Refinery Limited(PRL)	16,492,313 ▼ -0.57
Treet Battery / Jan 31 Treet Battery Limited(TBL)	15,390,342 ▲ 1.07

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