The bullish movement in the stock market is gaining speed, and Bitcoin ETFs are closer than they might seem. What do we need to know for the next trading week?
United Arab Emirates equities decline at close of trade
On Monday, United Arab Emirates equities slumped after the close because losses in the Finance & Investment, Transport as well as Real Estate & Construction sectors suppressed stocks.
The DFM General inched down 1.16% in Dubai hitting a fresh 3-months minimum, while the ADX General index lost 0.35%.
On the DFM General the best performance was shown by Amanat Holdings PJSC, Mashreqbank PSC and Emirates NBD PJSC. They rallied respectively 1.69%, 1.62% and 0.61%.
Meanwhile, losers were represented by Dubai Investments PJSC, National Central Cooling Co. and Dubai Islamic Insurance Co. They edged down respectively 3.89%, 2.86% and 2.62%.
On the ADX General the top gainers included Gulf Pharm Ind, Al Khazna Ins and Gulf Cement Co. They managed to gain respectively 7.79%, 6.90% and 5.05%.
On the contrary, the losers on the ADX General were Umm Al Qaiwain Cement Industries Co PSC, Ad Aviation, National Marine Dredging PSC. They dipped respectively 9.57%, 6.67% and 5.41%.
The currency pair USD/AED gained 0.01% being worth 3.6730, EUR/AED edged down 0.02% trading at 4.2623.
On Wednesday, September 22, Microsoft will be holding a product launch. The event starts at 18:00 GTM + 3.
Every year in early autumn Apple holds its event where it presents new iPhones, Apple Watches, and iPads. This year wasn’t an exclusion. But yesterday’s presentation didn’t result in Apple stock growth, and here’s why.
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
The US PPI will come out on Thursday, May 12, at 15:30 MT time.