AIRLINK 62.48 Increased By ▲ 2.05 (3.39%)
BOP 5.36 Increased By ▲ 0.01 (0.19%)
CNERGY 4.58 Decreased By ▼ -0.02 (-0.43%)
DFML 15.50 Increased By ▲ 0.66 (4.45%)
DGKC 66.40 Increased By ▲ 1.60 (2.47%)
FCCL 17.59 Increased By ▲ 0.73 (4.33%)
FFBL 27.70 Increased By ▲ 2.95 (11.92%)
FFL 9.27 Increased By ▲ 0.21 (2.32%)
GGL 10.06 Increased By ▲ 0.10 (1%)
HBL 105.70 Increased By ▲ 1.49 (1.43%)
HUBC 122.30 Increased By ▲ 4.78 (4.07%)
HUMNL 6.60 Increased By ▲ 0.06 (0.92%)
KEL 4.50 Decreased By ▼ -0.05 (-1.1%)
KOSM 4.48 Decreased By ▼ -0.09 (-1.97%)
MLCF 36.20 Increased By ▲ 0.79 (2.23%)
OGDC 122.92 Increased By ▲ 0.53 (0.43%)
PAEL 23.00 Increased By ▲ 1.09 (4.97%)
PIAA 29.34 Increased By ▲ 2.05 (7.51%)
PIBTL 5.80 Decreased By ▼ -0.14 (-2.36%)
PPL 107.50 Increased By ▲ 0.13 (0.12%)
PRL 27.25 Increased By ▲ 0.74 (2.79%)
PTC 18.07 Increased By ▲ 1.97 (12.24%)
SEARL 53.00 Decreased By ▼ -0.63 (-1.17%)
SNGP 63.21 Increased By ▲ 2.01 (3.28%)
SSGC 10.80 Increased By ▲ 0.05 (0.47%)
TELE 9.20 Increased By ▲ 0.71 (8.36%)
TPLP 11.44 Increased By ▲ 0.86 (8.13%)
TRG 70.86 Increased By ▲ 0.95 (1.36%)
UNITY 23.62 Increased By ▲ 0.11 (0.47%)
WTL 1.28 No Change ▼ 0.00 (0%)
BR100 6,944 Increased By 65.8 (0.96%)
BR30 22,827 Increased By 258.6 (1.15%)
KSE100 67,142 Increased By 594.3 (0.89%)
KSE30 22,090 Increased By 175.1 (0.8%)

DUBAI: Major Gulf stock markets ended higher on Monday, with a slew of corporate earnings driving up Saudi shares.

Saudi Arabia’s benchmark index rose 0.8%, with Al Rajhi Bank leaping 3.4% a day after it posted a 48% jump in quarterly profit, helped by an increase in net financing and investment income, and fees from banking services.

Among other gainers, Saudi Telecom Co was up 0.7% following an increase in second-quarter net profit.

Dubai’s main share index added 0.3%, with Emirates NBD Bank rising 1.5% and sharia-compliant lender Dubai Islamic Bank firming 0.8%.

In Abu Dhabi, the index reversed early losses to close 0.2% higher, supported by a 1% rise in the country’s largest lender First Abu Dhabi Bank.

However, the index’s gains were capped by declines at Emirates Telecommunication Group (Etisalat), which was down 0.4%.

In the previous session, Etisalat jumped more than 5% after reporting an increase in quarterly net profit and approving payment of an interim dividend of 40 fils per share for the first half of 2021.

The United Arab Emirates will start providing China’s Sinopharm COVID-19 vaccine to children aged between three and 17 years, the UAE government said on Twitter on Monday.

The Qatari benchmark gained 0.8%, as most of its stocks were in positive territory including Islamic lender Masraf Al Rayan, which advanced 1.7%.

Outside the Gulf, Egypt’s blue-chip index edged up 0.1%, with Ezz Steel gaining 6.3%.

The Egyptian Stock Exchange will lift the limit on intraday share price moves to 20% from September, the bourse said on Sunday.

SAUDI ARABIA rose 0.8% to 11,157

ABU DHABI added 0.2% to 7,404

DUBAI rose 0.3% to 2,790

QATAR gained 0.8% to 10,817

EGYPT rose 0.1% to 10,822

BAHRAIN was up 0.4% to 1,600

OMAN fell 0.8% to 4,007

KUWAIT eased 0.4% to 7,130

$1 = 3.6726 UAE dirham).

Comments

Comments are closed.