71% of retail investors in the UAE hold stocks in companies engaged with AI
markets1 hour ago
Emaar, developer of the world’s tallest building and expected to post a 37 per cent gain in quarterly profit, advanced the most in almost three weeks.
Aramex, the Middle East’s largest logistics company, rallied 2.3 per cent.
The DFM General Index climbed 0.7 per cent, the first gain since April 12, to 1,650.20 points.
The Abu Dhabi’s ADX General Index declined 4.44 points, or 0.18 per cent, to 2,495.78 points.
The Bloomberg GCC 200 Index added 0.1 per cent in Riyadh. Emaar is scheduled to meet with shareholders on Monday to discuss its proposal to pay a cash dividend of 10 fils for 2011, unchanged from 2010.
Last year, Emaar abandoned a plan not to pay a dividend after a three-hour meeting between shareholders and executives.
The Stoxx Europe 600 Index advanced 1.7 per cent last week after the International Monetary Fund raised its forecasts for global economic growth and US corporate earnings beat estimates.
Qatar’s QE Index gained 0.7 per cent and Kuwait’s Stock Exchange Price Index added 0.6 per cent. Bahrain’s BB All Share Index slipped 0.2 percent, Saudi Arabia’s Tadawul All Share Index fell 0.1 percent and Oman’s measure retreated 0.6 per cent.
In North Africa, the EGX30 Index gained 1.6 per cent. —
71% of retail investors in the UAE hold stocks in companies engaged with AI
markets1 hour ago
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