ANL 32.21 Increased By ▲ 0.51 (1.61%)
ASC 18.65 Increased By ▲ 1.20 (6.88%)
ASL 26.45 Decreased By ▼ -0.15 (-0.56%)
AVN 91.35 Increased By ▲ 0.85 (0.94%)
BOP 8.21 Increased By ▲ 0.03 (0.37%)
BYCO 11.84 Increased By ▲ 0.49 (4.32%)
DGKC 126.00 Decreased By ▼ -2.50 (-1.95%)
EPCL 48.20 Increased By ▲ 0.05 (0.1%)
FCCL 23.96 Increased By ▲ 0.06 (0.25%)
FFBL 27.90 Decreased By ▼ -0.09 (-0.32%)
FFL 17.79 Decreased By ▼ -0.15 (-0.84%)
HASCOL 11.45 Increased By ▲ 0.25 (2.23%)
HUBC 78.30 Decreased By ▼ -0.70 (-0.89%)
HUMNL 8.64 Decreased By ▼ -0.08 (-0.92%)
JSCL 24.65 Increased By ▲ 0.35 (1.44%)
KAPCO 44.75 Increased By ▲ 0.06 (0.13%)
KEL 4.19 Decreased By ▼ -0.03 (-0.71%)
LOTCHEM 16.31 Decreased By ▼ -0.29 (-1.75%)
MLCF 46.70 Decreased By ▼ -0.35 (-0.74%)
PAEL 36.20 Increased By ▲ 0.32 (0.89%)
PIBTL 11.04 Decreased By ▼ -0.11 (-0.99%)
POWER 10.08 Decreased By ▼ -0.02 (-0.2%)
PPL 90.20 Decreased By ▼ -0.50 (-0.55%)
PRL 26.25 Increased By ▲ 0.31 (1.2%)
PTC 14.00 Increased By ▲ 0.99 (7.61%)
SILK 1.58 Increased By ▲ 0.02 (1.28%)
SNGP 48.20 Increased By ▲ 0.25 (0.52%)
TRG 168.50 Decreased By ▼ -3.30 (-1.92%)
UNITY 49.39 Increased By ▲ 0.14 (0.28%)
WTL 4.26 Increased By ▲ 0.01 (0.24%)
BR100 5,282 Increased By ▲ 24.37 (0.46%)
BR30 27,601 Increased By ▲ 45.56 (0.17%)
KSE100 48,305 Increased By ▲ 53.23 (0.11%)
KSE30 19,479 Decreased By ▼ -58.87 (-0.3%)

DUBAI: Major stock markets in the Gulf ended higher on Thursday, supported by a rebound in oil prices, but the Egyptian index bucked the trend to close lower.

Brent crude oil futures LCOc1 were up 18 cents, or 0.25%, at $72.40 a barrel by 1024 GMT, holding just shy of a high not seen since May 2019. Saudi Arabia’s benchmark index edged up 0.1%, extending gains for the fourth consecutive session, with Al Rajhi Bank rising 0.6% and Riyad Bank ending 1% higher.

Separately, Saudi Arabia’s sovereign wealth fund, the Public Investment Fund, said on Tuesday it has established two deputy governor roles to support the $430 billion fund’s continued growth and expansion.

The fund is expected to inject at least $40 billion annually into the local economy until 2025, and increase its assets to $1 trillion by then.

In Dubai, the index gained 0.4%, driven by a 1.1% rise in its top lender Emirates NBD Bank and a 0.4% increase in Shariah-compliant lender Dubai Islamic Bank.

Abu Dhabi’s main share index added 0.1%, extending gains to a fifth day in a row, helped by a 0.4% hike in aquaculture firm International Holding and a 0.1% gain in lender First Abu Dhabi Bank (FAB).

Elsewhere, Abu Dhabi state investor Mubadala said on Tuesday it has joined a consortium led by US-based EIG Global Energy Partners that had agreed to buy a 49% equity stake in Aramco Oil Pipelines Co.

Boosted by financials shares, Qatar’s index also rose 0.3%, with Gulf’s largest lender Qatar National Bank (QNB) climbing 1.7% and petrochemical maker Industries Qatar advancing 0.8%.

Outside the Gulf, Egypt’s blue-chip index ended 0.6% lower as the country’s largest lender, Commercial International Bank slid 1.7%, and tobacco monopoly Eastern Company fell 0.8%.