BR100 Decreased By (-0.16%)
BR30 Decreased By (-0.26%)
KSE100 Decreased By (-0.21%)
KSE30 Decreased By (-0.28%)
AGHA 6.55 Increased By ▲ 0.03 (0.46%)
BECO 4.28 Decreased By ▼ -0.04 (-0.93%)
BML 58.39 Increased By ▲ 1.35 (2.37%)
BOP 29.17 Decreased By ▼ -0.08 (-0.27%)
CNERGY 12.50 Increased By ▲ 0.11 (0.89%)
CSIL 5.17 Increased By ▲ 0.03 (0.58%)
FCCL 52.02 Decreased By ▼ -0.05 (-0.1%)
FFL 14.15 Increased By ▲ 0.14 (1%)
FNEL 1.14 Decreased By ▼ -0.02 (-1.72%)
KEL 6.07 Increased By ▲ 0.11 (1.85%)
KOSM 5.40 Increased By ▲ 0.02 (0.37%)
LOTCHEM 26.35 Decreased By ▼ -0.25 (-0.94%)
MLCF 90.82 Decreased By ▼ -0.13 (-0.14%)
NBP 159.11 Decreased By ▼ -1.63 (-1.01%)
NCPL 51.07 Decreased By ▼ -0.16 (-0.31%)
NPL 55.00 Decreased By ▼ -0.99 (-1.77%)
OGDC 306.50 Decreased By ▼ -2.16 (-0.7%)
PACE 9.80 Increased By ▲ 0.23 (2.4%)
PAEL 34.05 Increased By ▲ 0.32 (0.95%)
PIBTL 13.59 Increased By ▲ 0.01 (0.07%)
PPL 219.40 Increased By ▲ 1.05 (0.48%)
PRL 92.90 Increased By ▲ 1.78 (1.95%)
PTC 58.60 Decreased By ▼ -1.49 (-2.48%)
SSGC 23.10 Increased By ▲ 0.06 (0.26%)
TBL 9.32 Increased By ▲ 0.36 (4.02%)
TELE 7.19 Increased By ▲ 0.02 (0.28%)
TPL 20.25 Increased By ▲ 0.84 (4.33%)
TPLP 12.40 Increased By ▲ 0.60 (5.08%)
TREET 23.62 Increased By ▲ 1.37 (6.16%)
TRG 55.24 Increased By ▲ 0.02 (0.04%)
Markets

Most Gulf bourses firm in early trade; Dubai falls

Published Updated
By

Most Gulf stock markets firmed in early trade on Wednesday amid rising oil prices, although the Dubai index was dragged down by bluechips.

Saudi Arabia's benchmark index edged up 0.1%, with Al Rajhi Bank rising 0.4% and Saudi National Bank , the kingdom's largest lender, gaining 0.8%.

Saudi Arabia sold $3.25 billion in dual-tranche bonds on Tuesday, comprising a sukuk tranche and a conventional portion in its third international bond sale of the year, a term sheet viewed by Reuters showed.

In Abu Dhabi, the index edged 0.1% higher, helped by a 0.7% gain in telecoms firm Etisalat.

Among other gainers, ADNOC Drilling advanced 2.2%. The unit of Abu Dhabi National Oil Company (ADNOC), which went public last month, posted a rise of almost 50% in third-quarter profit on Wednesday, driven by new rigs and reactivation of others this year, in addition to an increase in oilfield services.

Dubai's main share index inched 0.3% lower, hit by a 1.1% fall in Emirates NBD Bank and a 0.4% decrease in blue-chip developer Emaar Properties.

Union Properties tumbled 7.4%, after media reports said its chairman Khalifa Al Hammadi had been detained amid investigation.

Separately, Dubai's Emirates airline got a further 2.5 billion dirhams ($681 million) in state support in the first half of the year, the airline said on Wednesday, as it announced first half losses had halved.

The Qatari index added 0.1%, with Commercial Bank rising 0.8%.

Qatar's government budget recorded a surplus of 0.9 billion riyals ($247.25 million) in the third quarter, boosting the nine-month surplus in 2021 to 4.9 billion riyals, as higher energy prices increased the Gulf nation's revenue.

Comments

Comments are closed for this article.