The Oceania Times

Top Menu

  • About us
  • Contact Us
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions

Main Menu

  • Australian Economy
  • Brokers
  • Commodities
  • Currencies
  • Financial Market
  • Gold and Precious Metals
  • Investment
  • Stock Shares
  • About us
  • Contact Us
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions

logo

The Oceania Times

  • Australian Economy
  • Brokers
  • Commodities
  • Currencies
  • Financial Market
  • Gold and Precious Metals
  • Investment
  • Stock Shares
  • Changes to ERISA Open Door to ESG Investments

  • Investment banker who jumped to his death from Times Square bar had run-ins with police over money

  • Hyesan authorities crack down hard on Chinese cell phone users, including money transfer brokers

  • Australian Dollar May Rise After US GDP Boosted Dow Jones, S&P 500, Nasdaq 100

  • Is CryptoPlanes (CPAN) a Good Investment Thursday?

Financial Market
Home›Financial Market›Most Gulf bourses track global shares lower; Dubai gains

Most Gulf bourses track global shares lower; Dubai gains

By Megan
June 1, 2022
62
0
Share:

An investor monitors a screen displaying stock information at the Abu Dhabi Securities Exchange June 25, 2014./File Photo

Register now for FREE unlimited access to Reuters.com

June 1 (Reuters) – Most Gulf bourses tumbled in early trade on Wednesday, in line with global peers as rising inflation fears around the globe deepened worries over growth prospects.

The MSCI world equity index (.MIWD00000PUS), which tracks shares in 50 countries, was down 0.61%. The pan-European STOXX 600 index fell 0.72%. read more

In Abu Dhabi, the index (.FTFADGI) dropped 0.8%, set to end a three-session rally, weighed down by a 1.8% fall in the United Arab Emirates’ largest lender First Abu Dhabi Bank (FAB.AD).

Register now for FREE unlimited access to Reuters.com

Response Plus Holding (RPM.AD), however, jumped 3.1% after the company’s board approved opening of its unit’s branch in Riyadh.

Saudi Arabia’s benchmark index (.TASI) declined 0.6%, with the country’s biggest lender Saudi National Bank (1180.SE) and oil giant Saudi Aramco (2222.SE) retreating 1.1% each.

Oil prices, a key catalyst for the Gulf’s financial market, turned negative after a report that some producers were exploring the idea of suspending Russia’s participation in the OPEC+ production deal.

The energy index (.TENI) in Saudi Arabia was down 1.3%.

Exempting Russia could pave the way for Saudi Arabia, the United Arab Emirates and other OPEC members to produce more to meet production targets.

The Qatari index (.QSI) dropped 0.6%, hit by a 1.2% drop in Gulf’s largest lender Qatar National Bank (QNBK.QA).

Dubai’s main share index (.DFMGI) gained 1.1%, boosted by a 2.7% rise in top lender Emirates NBD (ENBD.DU) and a 1.7% increase in Sharia-compliant lender Dubai Islamic Bank (DISB.DU).

Dubai’s housing prices are set to rise steadily over the next two years, driven by demand from foreign investors, according to a Reuters poll of analysts, who cautioned that higher interest rates and lack of affordable homes could curb activity. read more

Register now for FREE unlimited access to Reuters.com

Reporting by Mohd Edrees in Bengaluru; Editing by Rashmi Aich

Our Standards: The Thomson Reuters Trust Principles.

Source link

TagsAEAFRASIAASXPACBHBISVBISV08BLRCENEGEMRGENERENFFFINFINSFINS08INTKWMCEMEASTMKTREPNAFROMQASASTXSWASIATGLFTOPNWS
Previous Article

US investment fund RedBird to buy Serie ...

Next Article

Legitimate Broker – How to Find One?

0
Shares
  • 0
  • +
  • 0
  • 0
  • 0
  • 0

Megan

Related articles More from author

  • Stock Shares

    Shares dip, U.S. Treasury yields fall after U.S. economy shrinks

    July 28, 2022
    By Megan
  • Investment

    Analysis: Macau casinos deal themselves a tough hand with big non-gaming investment pledges

    January 3, 2023
    By Megan
  • Australian Economy

    Australia’s central bank warns economy to slow sharply as inflation soars

    August 4, 2022
    By Megan
  • Stock Shares

    Latest meme stock Revlon surges more than 50% in heavy trading

    June 22, 2022
    By Megan
  • Commodities

    Column: China’s reopening isn’t a one-way bullish street for crude

    January 10, 2023
    By Megan
  • Stock Shares

    Stocks hold on to gains ahead of U.S. inflation test

    January 12, 2023
    By Megan

Leave a reply Cancel reply

You may interested

  • Investment

    Washingtons slow and restrictive permit process is jeopardizing European investment in the State » Publications » Washington Policy Center

  • Stock Shares

    Why Harmonic Stock Is Skyrocketing Today

  • Stock Shares

    Visteon Co. (NASDAQ:VC) CFO Jerome Rouquet Sells 1,750 Shares

  • LATEST REVIEWS

  • TOP REVIEWS

Timeline

  • January 27, 2023

    Changes to ERISA Open Door to ESG Investments

  • January 27, 2023

    Investment banker who jumped to his death from Times Square bar had run-ins with police over money

  • January 27, 2023

    Hyesan authorities crack down hard on Chinese cell phone users, including money transfer brokers

  • January 27, 2023

    Australian Dollar May Rise After US GDP Boosted Dow Jones, S&P 500, Nasdaq 100

  • January 26, 2023

    Is CryptoPlanes (CPAN) a Good Investment Thursday?

Best Reviews

Latest News

Investment

Changes to ERISA Open Door to ESG Investments

ERISA fiduciaries may now consider ESG in investment decision making. “A million dollars isn’t cool. You know what’s cool?” Twelve trillion dollars. That is the amount of money that the ...
  • Investment banker who jumped to his death from Times Square bar had run-ins with police over money

    By Megan
    January 27, 2023
  • Hyesan authorities crack down hard on Chinese cell phone users, including money transfer brokers

    By Megan
    January 27, 2023
  • Australian Dollar May Rise After US GDP Boosted Dow Jones, S&P 500, Nasdaq 100

    By Megan
    January 27, 2023
  • Is CryptoPlanes (CPAN) a Good Investment Thursday?

    By Megan
    January 26, 2023
  • Recent

  • Popular

  • Comments

  • Changes to ERISA Open Door to ESG Investments

    By Megan
    January 27, 2023
  • Investment banker who jumped to his death from Times Square bar had run-ins with police ...

    By Megan
    January 27, 2023
  • Hyesan authorities crack down hard on Chinese cell phone users, including money transfer brokers

    By Megan
    January 27, 2023
  • Australian Dollar May Rise After US GDP Boosted Dow Jones, S&P 500, Nasdaq 100

    By Megan
    January 27, 2023
  • Changes to ERISA Open Door to ESG Investments

    By Megan
    January 27, 2023
  • Australia’s economy: boom or bust?

    By Megan
    September 9, 2019
  • Australian economy suffers virus symptoms

    By Megan
    February 10, 2020
  • Australian economy likely already slowing in Q2 before Delta downturn

    By Megan
    August 30, 2021

Trending News

  • Investment

    Changes to ERISA Open Door to ESG Investments

    ERISA fiduciaries may now consider ESG in investment decision making. “A million dollars isn’t cool. You know what’s cool?” Twelve trillion dollars. That is the amount of money that the ...
  • Investment

    Investment banker who jumped to his death from Times Square bar had run-ins with police ...

    The Harvard-educated banker had just filed for divorce. He is shown in a photo from his LinkedIn page  A Connecticut financier who jumped to his death from the roof of ...
  • Brokers

    Hyesan authorities crack down hard on Chinese cell phone users, including money transfer brokers

    FILE PHOTO: A border patrol checkpoint in Pungso County, Yanggang Province, can be seen in this photo, which was taken in February 2019. (Daily NK) Hyesan authorities have been arresting ...
  • Australian Economy

    Australian Dollar May Rise After US GDP Boosted Dow Jones, S&P 500, Nasdaq 100

    Australian Dollar, AUD/USD, US GDP, Fed, Doji – Asia Pacific Market Open: Australian Dollar rose after US GDP data improved sentiment The mixed report kept door open to both hard ...
  • Investment

    Is CryptoPlanes (CPAN) a Good Investment Thursday?

    CryptoPlanes receives a low risk rating from InvestorsObserver analysis. The proprietary scoring system analyzes how much money was required to move the price over the past 24 hours. The metric ...
  • About us
  • Contact Us
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© Copyright The Oceania Times. All rights reserved.

SUBSCRIBE TO OUR NEWSLETTER

Get our latest downloads and information first. Complete the form below to subscribe to our weekly newsletter.