Also in this package Dubai: UAE indices were on a recovery path Tuesday, with investors seeing signs of the virus outbreak being contained in Europe and Asia and governments planning gradual steps to ease lockdown restrictions. Dubai Financial Market (DFM) index gained 5.5 per cent (93.7 points) to 1,785, while Abu Dhabi Securities Exchange (ADX) rose 5.5 per cent to 3,928 points. Regional markets mirrored stocks elsewhere, which have been rising on optimism that the outbreak could be...

Also in this package Dubai: With global stocks now rallying, does this mean that investors now see a bright future for markets beyond the COVID-19 crisis? Is the worst over and will this turnaround last? These are the key questions in the minds of most market spectators – and while some top analysts agree, some are still on the fence about it. Global stocks, led by US’ Wall Street, rose sharply this week, in contrast to prior weeks’ losses. Now most markets are comfortably above their March...

Also in this package Dubai: UAE stocks posted a second straight session of gains as governments continued to take colossal strides to help keep their economies afloat amid a ravaging pandemic and a slump in oil prices. Dubai Financial Market (DFM) index were up 4.2 per cent at 1,906 points, after rising nearly as much on Friday. Abu Dhabi Securities Exchange (ADX) rose over 2 per cent to 4,200 points, after gaining over 6 per cent during the previous session. Both UAE bourses saw real estate...

Also in this package Dubai: Global stocks are expected to remain in rally mode this week, as investors see an end to the COVID-19 crisis and markets recovering, but analysts warn of the short-lived nature of the latest rally. Equity markets have recovered part of their losses, thanks to colossal stimulus measures from the governments and monetary support from central banks worldwide. Major indices worldwide have rallied by over 15 per cent from their lows despite all the doom and gloom...

Also in this package Dubai: UAE investors were unimpressed by a landmark OPEC agreement inked to steady oil prices and stop their decline in the face of virus-led economic lockdowns. And analysts didn’t think it was enough either. Dubai Financial Market (DFM) index was down 1.1 per cent at 1,885 points, while Abu Dhabi Securities Exchange (ADX) fell 1.6 per cent to 4,135 points. This puts an end to two straight days of gains by both indices. “The scale of the cuts, while impressive as OPEC’s...