Market

Dollar Drops to Three-Month Low

Doha: The US dollar stood at three-month lows on Thursday after the Treasury Department moved to calm a bond market rout that had pushed long-end yields to their highest since 2007.

According to Qatar News Agency, the dollar index, which measures t…

Kuwait Bourse Closes Slightly Lower Amid Mixed Performance

Doha: Kuwait Bourse closed trading on Thursday as the All Share Index lost 3.02 points to reach 8,818.26 points, a decrease of 0.03 percent.

According to Qatar News Agency, during the trading session, 346.3 million shares valued at KWD 94.6 million…

Oil Prices Steady as Investors Assess Hormuz Shipping Security

Doha: Oil prices held steady in early trade on Thursday as investors assessed the outlook for the US-Iran war and the security of shipping through the Strait of Hormuz. Brent crude futures for October delivery rose 25 cents, or 0.3%, to $91.87 a barre…

Gold Retreats 0.6% After Scaling Over 2-Month Peak

Doha: Gold fell on Thursday, as investors took profits after prices surged to their highest level in more than two months following a surprise US Treasury liquidity-support announcement for long-duration bonds that weakened the dollar and pushed Treas…