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Market

Gold rises to 4-month high on tumbling shares
Spot gold rose as much as 2.4 per cent to its highest level since September at $1,260.30 an ounce in earlier trade.
Moody’s sees oil prices rebounding in long term
The oil producers in the GCC including the UAE also believe that crude prices will bounce back.
Flydubai’s $500m sukuk listed on Nasdaq Dubai
It was the 18th sukuk to have listed on Nasdaq Dubai since the beginning of 2014.
Gulf stocks edge up as oil link weakens
Most Gulf bourses opened lower against that background, but then moved into positive territory even as oil plunged further.
Europe stocks climb with S&P 500 Futures
The Stoxx Europe 600 Index advanced one per cent at 10:50 am in London, and S&P 500 contracts were 0.6 per cent higher.
Gulf markets edge down as oil drops; Saudi banks stay strong
Saudi Arabia’s stock index slipped 0.1 per cent as shares in petrochemicals giant Saudi Basic Industries fell 1.9 per cent; petrochemical industry earnings are under major pressure from weak oil prices.
BSE signs deal for int’l exchange in Gujarat
The exchange, which will also help global companies to raise finance from other overseas investors.
Global cues weigh heavy on Indian stock market
Speculations over Greece’s political turmoil and its aftermath over the country’s future within the eurozone too dampened sentiments.
Foreigners buy Dh1.7b of DFM shares
Value of shares bought by foreigner investors comprised 51.1 per cent of the total value of stocks traded during the last five days.
Oil holds above $51 as traders search for bottom
Crude halted a four-session decline on Wednesday after US crude stockpiles fell and as data showed that the US economy remained resilient amid slowing global growth.
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