The summit is set to feature a range of engaging and fruitful networking opportunities, as well as fascinating panel discussions
Dubai Financial Market index rose above 1,900 points after it gained 0.94 per cent or 17.88 points on the first trading day of the week. The index was led by Amanat, Emaar Properties, DFM and Damac Properties.
Abu Dhabi Securities Exchange was also up by 0.22 per cent in the morning trade, helped by Abu Dhabi Ship Building, Adnoc, Manazel, Dana Gas and Aldar scrips.
The region's largest bourse Saudi Arabia's Tadawul jumped 1.1 per cent to 6,789 points. National Commercial Bank, Saudi Arabia's biggest lender, on Sunday posted a 2.1 per cent rise in quarterly profit, as a rise in net special commission and fee income offset a sharp rise in impairment charges. The profits surpassed analysts' estimates.
Crude prices have ticked up in the last two weeks as some countries relaxed coronavirus restrictions to allow factories and shops to reopen. WTI Crude price last week gained 20.5 per cent, rising from $24.4 per barrel to $29.4. The International Energy Agency forecast lower global stockpiles in the second half of 2020, although worries remain that a second surge in coronavirus infections could occur in coming months.
Boursa Kuwait was also up by 1.1 per cent, Bahrain Bourse gained 0.3 per cent and Muscat Securities Market rose by 1.1 per cent. Qatar Stock Exchange dipped slightly on Sunday.
waheedabbas@khaleejtimes.com
The summit is set to feature a range of engaging and fruitful networking opportunities, as well as fascinating panel discussions
The former Indian bowler also saluted the batter for fighting depression and making his way back into mainstream cricket
The 21-year-old forward is enjoying a breakthrough season following his surprise move from City on transfer deadline day in September
To assist Indian nationals at the Dubai airport, the Consulate General of India in Dubai has operationalised emergency helpline numbers
The Argentine goalkeeper made the save that sent his side through to their first major European semi-final since 1982 after penalty chaos against Lille
After the evacuation, an area was set up to provide food, water, and medical assistance to the citizens residing in the community
The Red beat Italian side Atalanta in the second leg quarter-final but lost 3-1 on aggregate as Leverkusen advance to semis despite 1-1 draw with West Ham
US equity futures and Asian shares declined while safe haven demand lifted US Treasuries