ANL 33.20 Decreased By ▼ -1.15 (-3.35%)
ASC 15.43 Increased By ▲ 1.03 (7.15%)
ASL 23.86 Decreased By ▼ -0.14 (-0.58%)
AVN 89.25 Decreased By ▼ -2.20 (-2.41%)
BOP 7.78 Increased By ▲ 0.08 (1.04%)
BYCO 9.71 Increased By ▲ 0.07 (0.73%)
DGKC 115.00 Decreased By ▼ -0.50 (-0.43%)
EPCL 50.50 Decreased By ▼ -0.51 (-1%)
FCCL 23.40 Increased By ▲ 0.10 (0.43%)
FFBL 26.40 Increased By ▲ 0.40 (1.54%)
FFL 16.18 Increased By ▲ 0.28 (1.76%)
HASCOL 9.29 Increased By ▲ 0.29 (3.22%)
HUBC 79.00 Increased By ▲ 0.05 (0.06%)
HUMNL 6.10 Decreased By ▼ -0.15 (-2.4%)
JSCL 20.40 Increased By ▲ 0.24 (1.19%)
KAPCO 40.21 Increased By ▲ 0.05 (0.12%)
KEL 3.90 Decreased By ▼ -0.09 (-2.26%)
LOTCHEM 14.20 Decreased By ▼ -0.15 (-1.05%)
MLCF 44.50 Decreased By ▼ -0.50 (-1.11%)
PAEL 32.27 Decreased By ▼ -0.27 (-0.83%)
PIBTL 9.99 Increased By ▲ 0.15 (1.52%)
POWER 8.80 Decreased By ▼ -0.05 (-0.56%)
PPL 82.80 Increased By ▲ 1.21 (1.48%)
PRL 24.95 Increased By ▲ 1.31 (5.54%)
PTC 9.26 Increased By ▲ 0.04 (0.43%)
SILK 1.35 Decreased By ▼ -0.02 (-1.46%)
SNGP 43.68 Increased By ▲ 1.88 (4.5%)
TRG 182.80 Increased By ▲ 4.62 (2.59%)
UNITY 41.25 Increased By ▲ 2.87 (7.48%)
WTL 1.68 Decreased By ▼ -0.01 (-0.59%)
BR100 4,959 Increased By ▲ 32.4 (0.66%)
BR30 25,887 Increased By ▲ 233.44 (0.91%)
KSE100 45,982 Increased By ▲ 191.46 (0.42%)
KSE30 18,826 Increased By ▲ 108.77 (0.58%)

Coronavirus
VERY HIGH
Pakistan Deaths
19,752
13524hr
Pakistan Cases
882,928
256624hr
Sindh
299,913
Punjab
328,775
Balochistan
23,931
Islamabad
79,371
KPK
127,224

DUBAI: Most stock markets in the Gulf ended higher on Tuesday, mirroring global equities, with Saudi Arabia extending gains for a fourth consecutive session.

The MSCI All-Country World Index held broadly steady throughout the European morning, up 0.1% at a fresh record high.

Oil prices, a key catalyst for the Gulf region’s financial markets, also hit 13-month highs, helped by rising optimism about a pick up in fuel demand.

Saudi Arabia’s benchmark index climbed 1%, with Al Rajhi Bank rising 2.9%.

National Commercial Bank (NCB), the country’s largest lender, and Samba Financial Group advanced 1.5% and 2.6%, respectively.

Saudi Arabia’s Capital Market Authority approved NCB’s request to increase its capital to merge with Samba via a securities exchange offer. The CMA gave the nod for NCB to increase its capital to 44.78 billion riyals ($11.94 billion) from 30 billion riyals, by issuing 1.48 billion ordinary shares.

Dubai’s main share index edged up 0.2%, bolstered by a 2.2% rise in its largest lender Emirates NBD and a 1.1% increase in blue-chip developer Emaar Properties.

In Dubai, where a second wave of coronavirus infections threatens to upend a tourism boom, stocks ended four sessions of losses.

The Abu Dhabi the index closed 0.1% higher, supported by a 0.8% gain in First Abu Dhabi Bank (FAB).

FAB, the largest lender in the United Arab Emirates, raised 750 million euros ($907.35 million) through the sale of five-year bonds on Tuesday, its debut euro-denominated issue, a document showed.

In Qatar, the index, however, closed 0.5% lower, weighed down by a 1.5% fall in Qatar National Bank and a 0.8% decline in Shariah-compliant lender Masraf Al Rayan. Elsewhere, petrochemical firm Industries Qatar eased 0.4%, following a drop in full year net profit.

Outside the Gulf, Egypt’s blue-chip index was down 0.7%, with the country’s largest lender Commercial International Bank falling 1.5%.