AGL 5.62 Increased By ▲ 0.02 (0.36%)
ANL 8.80 Decreased By ▼ -0.10 (-1.12%)
AVN 76.25 Decreased By ▼ -0.73 (-0.95%)
BOP 5.21 Decreased By ▼ -0.04 (-0.76%)
CNERGY 4.63 Decreased By ▼ -0.02 (-0.43%)
EFERT 81.50 Increased By ▲ 0.28 (0.34%)
EPCL 50.05 Increased By ▲ 0.02 (0.04%)
FCCL 12.93 Decreased By ▼ -0.23 (-1.75%)
FFL 5.64 Decreased By ▼ -0.06 (-1.05%)
FLYNG 7.04 Decreased By ▼ -0.06 (-0.85%)
FNEL 4.80 Increased By ▲ 0.04 (0.84%)
GGGL 8.82 Increased By ▲ 0.02 (0.23%)
GGL 14.64 Increased By ▲ 0.04 (0.27%)
HUMNL 5.67 No Change ▼ 0.00 (0%)
KEL 2.60 Decreased By ▼ -0.03 (-1.14%)
LOTCHEM 28.40 Decreased By ▼ -0.25 (-0.87%)
MLCF 24.06 Decreased By ▼ -0.63 (-2.55%)
OGDC 72.15 Decreased By ▼ -0.36 (-0.5%)
PAEL 15.15 Decreased By ▼ -0.22 (-1.43%)
PIBTL 4.99 Increased By ▲ 0.01 (0.2%)
PRL 16.01 Decreased By ▼ -0.19 (-1.17%)
SILK 1.07 No Change ▼ 0.00 (0%)
TELE 9.17 Decreased By ▼ -0.03 (-0.33%)
TPL 7.10 Decreased By ▼ -0.15 (-2.07%)
TPLP 18.50 Decreased By ▼ -0.20 (-1.07%)
TREET 21.55 Decreased By ▼ -0.15 (-0.69%)
TRG 134.75 Decreased By ▼ -1.80 (-1.32%)
UNITY 17.00 Decreased By ▼ -0.02 (-0.12%)
WAVES 9.77 Decreased By ▼ -0.12 (-1.21%)
WTL 1.39 Decreased By ▼ -0.02 (-1.42%)
BR100 4,201 Decreased By -24.3 (-0.58%)
BR30 15,411 Decreased By -107.2 (-0.69%)
KSE100 42,031 Decreased By -119.2 (-0.28%)
KSE30 15,515 Decreased By -73.6 (-0.47%)
Markets

Most major Gulf stocks gain in early trade, earnings support

  • The Dubai index was up 0.7% as Emaar Properties rose 1.8%.
Published May 3, 2021
Follow us

Most major Gulf stock markets were slightly up in early trade on Monday, with Abu Dhabi gaining on corporate earnings, while Saudi Arabia was supported by project expansion announcements from Dr. Sulaiman Al-Habib Medical Services Group and consumer food and beverages firm Almarai.

Abu Dhabi's benchmark index was up 0.2% as Emirates Telecommunications Group advanced 1%, extending gains from the previous session after the telecom operator reported nearly 8% increase in first-quarter profit on Thursday.

Abu Dhabi Islamic Bank rose 1.2%. The Islamic lender on Sunday reported 125.3% jump in first-quarter profit to 607.6 million dirhams ($165.45).

Saudi Arabia's benchmark index edged up 0.1%, supported by a 0.2% gain in Al Rajhi Bank and a 0.7% rise in Dr. Sulaiman Al-Habib Medical Services Group. Dr. Sulaiman Al Habib announced a new hospital project with an estimated cost of 458 million riyals ($122.15 million).

Among other gainers, Almarai rose 1.7% after the firm said it would invest 6.6 billion riyals to expand the poultry segment.

The Dubai index was up 0.7% as Emaar Properties rose 1.8%.

Dubai Islamic Bank gained 0.9% after four days of consecutive falls following a 23% decline in first-quarter profit.

Qatar's Index slipped 0.1%, dragged down by Industries Qatar , which fell 0.7%, its fourth session of declines.

Comments

Comments are closed.

Most major Gulf stocks gain in early trade, earnings support

FBR set to fix minimum value for sugar supply

JPL seeks exemption from IFRS-9

Govt urges Turkiye to expedite TGA

Oil prices climb after OPEC+ keeps output cut targets, China eases COVID curbs

Pakistani embassy in Kabul: IS-KP claims responsibility for attack

Sindh will rise again against ‘the tyrant’: IK

PM terms IK’s remarks ‘undemocratic’

‘We must act resolutely to defeat the menace’: FO

Wheat quota of three flour mills suspended

Six coal miners killed in gas explosion in Harnai