Technical Report 7 February

The general index of the Dubai Financial Market closed on Thursday (February 7th) at 2542 points, technically trading between the resistance level of 2577 points and the support of 2480 points, our technical outlook is neutral with a negative tendency

Emaar closed Thursday 7 February negatively at AED 3.99, technically at 3.90 next support. A break might push the stock to experience a new bottom, our technical outlook is negative as long as we remain below the resistance level of AED 4.40

Gulf Group (GFH) shares closed Thursday (February 7th) positively at AED 1.07 as the stock is ready to test resistance at AED 1.19. Our technical outlook is positive as long as we remain above 0.96, which is expected to return near the normal momentum indicators

ADNOC Logistics' annual profits jump 138% to $620 million

Emirati Du profits in the fourth quarter of 2023 increased by 38.5%

The UAE launches a fund to finance technology development for developing countries

$100 million credit facilities to export energy commodities from the UAE to global markets

Emirati “Empower” records the highest revenues ever in 2023

February 14.. Americana’s Board of Directors discusses the results and dividends for 2023

ADNOC expands its partnership with Malaysia's Petronas

The Emirati “Aldar” concludes a partnership agreement with “Carel International” worth $111 million

The decline in production and selling prices reduces the annual profits of the UAE’s Dana Gas by 12%

A special deal on “Othaim Markets” shares worth 38 million riyals within trading levels

The TASI index records its ninth consecutive increase... with the highest liquidity in 9 months

OPEC Secretary General: Oil demand expectations are strong in the long term

Aramco begins trading in American crude as part of plans to expand its commercial activity

“The First” recommends distributing two billion riyals for the second half of 2023

Atheeb Telecom sets the period for trading priority rights and subscribing to new shares

Saudi Electricity Company raises $2.2 billion from an international sukuk offering

The TASI index continues its gains, supported by energy and basic materials, amid improved liquidity

Stock indices in Saudi Arabia rose by about 0.39% at the end of today’s session.

The value of the cryptocurrency market exceeds $2 trillion again

Japan's Nikkei index hits 34-year high as chip stocks rise

European stocks recover after inflation declines in Britain and positive business results

Nvidia displaces Alphabet to become the third largest company on Wall Street

US inflation data topples gold from the throne of two thousand dollars

The dollar stabilizes and the yen rises despite the contraction of Japan's economy

Oil declines after a more-than-expected increase in US inventories

Japan's Nikkei index slides from a 34-year high after a sell-off on Wall Street

Investment fund pumps $200 million into Bitcoin and Ethereum before rally

UAE's Mubadala leads a $400 million financing round for German insurance company Wefox

Saudi Arabian Centers distributes dividends to shareholders for the second half of 2022 with a total of 356.25 million riyals

The largest sovereign funds: "Abu Dhabi Investment Authority" advances to third place globally, with assets of $708.8 billion

Accumulated losses place Emirati companies on the "second category" screen, pending anonymity

Details 142 Saudi initiative to face the consequences of "Corona" B214 billion riyals

Will gold remain a safe haven asset?

Global trade is expected to decline in the coming months

Analysis .. How will major central banks respond to the increasing cases of financial instability?

The euro is below the dollar .. the lowest level in 20 years

"OPEC"...The pressures of supply shortage will continue next year

Technical Report 7 February

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