Latest news with #AhmedNegm
Zawya
11-04-2025
- Business
- Zawya
Mideast Stocks: Dubai bourse eases amid US-China trade war; Abu Dhabi gains
Dubai's stock market slipped on Friday, weighed down by investor concerns over the rapidly intensifying U.S.-China trade war and its potential economic impact, although the Abu Dhabi index finished higher. Beijing on Friday increased its tariffs on U.S. imports to 125%, hitting back against U.S. President Donald Trump's decision to hike duties on Chinese goods to 145% and raising the stakes in a trade war that threatens to upend global supply chains. Dubai's main share index fell 0.2%, hit by a 2.2% drop in blue-chip developer Emaar Properties and a 4.8% slide in Commercial Bank of Dubai. However, the Dubai index managed to eke out a weekly gain of 0.3%. Regionally, markets were significantly impacted this week by ongoing trade tensions between the U.S. and its economic partners, said Ahmed Negm, Head of Market Research MENA at In Abu Dhabi, the index added 0.4%, helped by a 1.7% rise in Alpha Dhabi Holding. Oil prices - a catalyst for the Gulf's financial markets - rose, but still headed for a second straight week in the red on concerns about a prolonged trade war between the United States and China. According to Negm, persistently low oil prices continue to pose a risk to the market and investor sentiment. Abu Dhabi rose 0.4% to 9,158 Dubai fell 0.2% to 4,966
Reuters
11-04-2025
- Business
- Reuters
Dubai bourse eases amid US-China trade war; Abu Dhabi gains
April 11 (Reuters) - Dubai's stock market slipped on Friday, weighed down by investor concerns over the rapidly intensifying U.S.-China trade war and its potential economic impact, although the Abu Dhabi index finished higher. Beijing on Friday increased its tariffs on U.S. imports to 125%, hitting back against U.S. President Donald Trump's decision to hike duties on Chinese goods to 145% and raising the stakes in a trade war that threatens to upend global supply chains. Dubai's main share index (.DFMGI), opens new tab fell 0.2%, hit by a 2.2% drop in blue-chip developer Emaar Properties ( opens new tab and a 4.8% slide in Commercial Bank of Dubai ( opens new tab. However, the Dubai index managed to eke out a weekly gain of 0.3%. Regionally, markets were significantly impacted this week by ongoing trade tensions between the U.S. and its economic partners, said Ahmed Negm, Head of Market Research MENA at In Abu Dhabi, the index (.FTFADGI), opens new tab added 0.4%, helped by a 1.7% rise in Alpha Dhabi Holding ( opens new tab. Oil prices - a catalyst for the Gulf's financial markets - rose, but still headed for a second straight week in the red on concerns about a prolonged trade war between the United States and China.
Zawya
17-03-2025
- Business
- Zawya
Omani stock market continues its downtrend while welcoming its first IPO of 2025
Muscat: The Omani stock market experienced a slightly negative performance during the week, marking its fifth consecutive week of losses. This downward trend reflects the broader regional market performance, where most markets ended negatively, according to an industry watcher. 'Sentiment remains exposed to global conditions, particularly the escalating trade tensions as the US implements tariffs on its economic partners. This has prompted retaliatory measures, increasing overall economic uncertainty,' said Ahmed Negm, Head of Market Research MENA at Oil prices have also had a significant impact on the Omani market, especially considering the current low levels and the commodity's critical importance for regional economies, even though prices stabilised this week at their support levels, he further said. 'The Omani stock market, like other regional markets, could continue to be influenced by developments in trade tensions and oil price movements, while any improvements could potentially help the market recover,' said Ahmed Negm. The Omani market saw the introduction of Asyaad Shipping, the first initial public offering (IPO) in the Omani market this year. This follows a successful offering that enriches the market's diversity and increases its appeal to international investors, providing a positive note amidst the current challenging market conditions. Performances on the sector level this week were mixed across the Omani stock market. The Industrial sector emerged as the worst performer with a decline of 2.66%. Within this sector, Oman Cement fell by 1.42%, while Oman Flour Mills experienced a more significant drop of 8.06%. Al Anwar Ceramic also contributed to the sector's poor performance with a 5.83% decrease. The Services sector similarly finished on the negative side, declining by 0.99%. In this segment, Oman Telecom saw a modest decrease of 0.25%, while OQ Gas Networks fell by 0.77%. Renaissance Services registered a more substantial decline of 4.64%, further weighing on the sector's overall performance. The Financial sector stood out as the only positive performer this week, demonstrating resilience amidst the broader market weakness. National Bank Oman led this sector with a 7.14% gain and was the market's most traded stock based on value and volume. Oman Emirates Holding rose by 1.56%, while Muscat Insurance delivered the strongest performance with a substantial rise of 45.94%. © Muscat Media Group Provided by SyndiGate Media Inc. (
Times of Oman
15-03-2025
- Business
- Times of Oman
Omani stock market continues its downtrend while welcoming its first IPO of 2025
Muscat: The Omani stock market experienced a slightly negative performance during the week, marking its fifth consecutive week of losses. This downward trend reflects the broader regional market performance, where most markets ended negatively, according to an industry watcher. 'Sentiment remains exposed to global conditions, particularly the escalating trade tensions as the US implements tariffs on its economic partners. This has prompted retaliatory measures, increasing overall economic uncertainty,' said Ahmed Negm, Head of Market Research MENA at Oil prices have also had a significant impact on the Omani market, especially considering the current low levels and the commodity's critical importance for regional economies, even though prices stabilised this week at their support levels, he further said. 'The Omani stock market, like other regional markets, could continue to be influenced by developments in trade tensions and oil price movements, while any improvements could potentially help the market recover,' said Ahmed Negm. The Omani market saw the introduction of Asyaad Shipping, the first initial public offering (IPO) in the Omani market this year. This follows a successful offering that enriches the market's diversity and increases its appeal to international investors, providing a positive note amidst the current challenging market conditions. Performances on the sector level this week were mixed across the Omani stock market. The Industrial sector emerged as the worst performer with a decline of 2.66%. Within this sector, Oman Cement fell by 1.42%, while Oman Flour Mills experienced a more significant drop of 8.06%. Al Anwar Ceramic also contributed to the sector's poor performance with a 5.83% decrease. The Services sector similarly finished on the negative side, declining by 0.99%. In this segment, Oman Telecom saw a modest decrease of 0.25%, while OQ Gas Networks fell by 0.77%. Renaissance Services registered a more substantial decline of 4.64%, further weighing on the sector's overall performance. The Financial sector stood out as the only positive performer this week, demonstrating resilience amidst the broader market weakness. National Bank Oman led this sector with a 7.14% gain and was the market's most traded stock based on value and volume. Oman Emirates Holding rose by 1.56%, while Muscat Insurance delivered the strongest performance with a substantial rise of 45.94%.
Zawya
21-02-2025
- Business
- Zawya
Mideast Stocks: Dubai eases on profit-taking, Abu Dhabi marginally down
Dubai index fell on Friday, as investors continued to encash on the profits gained in previous sessions, while Abu Dhabi closed marginally lower. Dubai's main index slipped 0.4%, pressured by losses in utilities and financial sector stocks with Dubai Electricity and Water Authority falling 2.6% and blue-chip developer Emaar Properties decreasing 0.7%. However, Dubai Taxi Company rose 1.9% after the firm proposed a 4.89 fils per share cash dividend for the second half of the year. Dubai stock market experienced a decline, continuing its pattern of uncertainty and minimal movements following a period of strong gains that were supported by robust earnings results, said Ahmed Negm, head of market research MENA at However, correction appears temporary as the market continues to be underpinned by solid earnings results and strong fundamentals, Ahmed said. Abu Dhabi's benchmark index dropped 0.01% after trading the entire session in the green, dragged down by a 5% decline in IHC-owned conglomerate Alpha Dhabi Holding and 1.4% loss in hypermarket operator Lulu Retail. However, Adnoc Gas rose 0.8% as parent Abu Dhabi National Oil Co (ADNOC) completes a $2.84 billion offering of shares in Adnoc Gas at a discount of 5% to the stock's previous close. Abu Dhabi and Dubai each recorded a 0.1% loss on a weekly basis, according to data compiled by LSEG. Oil prices fell on Friday but were still poised for a weekly gain on supply disruption in Russia, while uncertainty looms over a potential peace deal in Ukraine. Brent crude slipped by 0.84% to $75.84 a barrel by 1134 GMT. ABU DHABI down 0.01% to 9,618 points DUBAI down 0.4% to 5,359 points (Reporting by Mohd Edrees in Bengaluru; Editing by Vijay Kishore)
