Industries Qatar (IQ) gained 3.18 percent to lift Industrial sector index 2.31 percent higher.
Tata Consultancy Services was always a bellwether stock
Emr, the bellwether stock
on DFM, retreated the most in almost a week, shedding 2.55 per cent to end at Dh5.34.
The week closes on Friday with an earnings report from industrial bellwether stock
"Zain is a bellwether stock
, so when it comes under pressure, the rest of the market does too."Aa
The bellwether stock
index, the Bombay Stock Exchange ( BSE) Sensex, rose to a 22- month high over the last three weeks.
He has watched the bellwether stock
get battered in the past few years amid a chorus from snipers that includes his revered predecessor, Jack Welch.
Emaar Properties, the Middle East's biggest property developer by assets, led gainers in Dubai rising by 2.8 per cent to Dh2.57 after Nomura International Plc raised its price estimates by 4.6 per cent to Dh2.94.
Dawood said OT has been minimized as a bellwether stock
in recent months, with investors instead eyeing Mobinil, which gained 0.97 percent to LE 140, and fixed-line monopoly Telecom Egypt, which ended down 0.91 percent at LE 14.14.
In Japan the benchmark Nikkei index fell by 4.9 per cent to hit a fresh five-year low at the end of Friday's morning session after bellwether stock
Sony slashed its full-year profit forecast by 57 per cent.
In 2006, Japan's two major bellwether stock
indexes -- the 225-issue Nikkei Stock Average and the Topix index -- rose for the fourth year in a row, with the Nikkei climbing 6.92 percent and the Topix 1.90 percent during the course of the year.
Under the agreement, Bellwether will provide to Bargo common shareholders and option holders approximately $60 million in cash and $80 million in Bellwether stock
for an implied consideration of $1.26 per fully diluted share.