AGL 5.95 Decreased By ▼ -0.13 (-2.14%)
ANL 9.26 Decreased By ▼ -0.14 (-1.49%)
AVN 80.82 Decreased By ▼ -0.64 (-0.79%)
BOP 5.20 Decreased By ▼ -0.07 (-1.33%)
CNERGY 4.86 Decreased By ▼ -0.04 (-0.82%)
EFERT 81.82 Increased By ▲ 0.27 (0.33%)
EPCL 53.94 Decreased By ▼ -0.06 (-0.11%)
FCCL 14.29 Decreased By ▼ -0.11 (-0.76%)
FFL 5.93 Decreased By ▼ -0.12 (-1.98%)
FLYNG 7.44 Decreased By ▼ -0.12 (-1.59%)
FNEL 4.95 Decreased By ▼ -0.05 (-1%)
GGGL 9.18 Decreased By ▼ -0.14 (-1.5%)
GGL 16.51 Decreased By ▼ -0.19 (-1.14%)
HUMNL 6.14 Increased By ▲ 0.45 (7.91%)
KEL 2.77 Decreased By ▼ -0.02 (-0.72%)
LOTCHEM 30.81 Increased By ▲ 0.26 (0.85%)
MLCF 27.45 Decreased By ▼ -0.34 (-1.22%)
OGDC 74.27 Increased By ▲ 0.27 (0.36%)
PAEL 15.98 Decreased By ▼ -0.21 (-1.3%)
PIBTL 5.21 Decreased By ▼ -0.02 (-0.38%)
PRL 17.01 Decreased By ▼ -0.28 (-1.62%)
SILK 1.10 Increased By ▲ 0.01 (0.92%)
TELE 10.00 Decreased By ▼ -0.04 (-0.4%)
TPL 7.65 Decreased By ▼ -0.05 (-0.65%)
TPLP 19.41 Decreased By ▼ -0.36 (-1.82%)
TREET 22.72 Decreased By ▼ -0.47 (-2.03%)
TRG 146.80 Decreased By ▼ -0.55 (-0.37%)
UNITY 17.09 Decreased By ▼ -0.10 (-0.58%)
WAVES 10.33 Decreased By ▼ -0.05 (-0.48%)
WTL 1.42 Decreased By ▼ -0.04 (-2.74%)
BR100 4,330 Increased By 3.4 (0.08%)
BR30 16,296 Increased By 46.9 (0.29%)
KSE100 42,904 Increased By 23.3 (0.05%)
KSE30 15,805 Decreased By -4.6 (-0.03%)
Follow us

Dubai stocks ended higher on Tuesday, reaching their highest in nearly four years as a slew of upbeat corporate earnings boosted the index.

Dubai's main share index gained 1%, buoyed by a 14.8% surge in Dubai Financial Market - gaining for a 10th session in 12.

Earlier this month, the emirate announced plans to launch a 2 billion dirham ($545 million) market-maker fund and initial public offerings of 10 state-backed companies as part of plans to boost activity on the local bourse.

Dubai plans to list its Salik road toll system on the Dubai Financial Market, the emirate's deputy ruler, Sheikh Maktoum Bin Mohammed, said on Saturday.

Emaar Properties climbed 1.6%, a day after the developer's founder said plans to sell 50% of Namshi app to foreign and local investors.

On Sunday, Emaar reported quarterly net profit of 1.02 billion dirhams, up from 359 million dirhams year ago.

Among other gainers, Deyaar Development jumped 15% and Amlak Finance soared 14.8%.

In Abu Dhabi, the index gained 1%, to an-all-time high of 8,352 points, with the country's largest lender First Abu Dhabi Bank rising 2.4%.

Sanad, the global aerospace engineering and leasing solutions company wholly-owned by Mubadala, has secured a new US$100 million evergreen revolving credit facility with First Abu Dhabi Bank.

Dubai outperforms most Gulf bourses, Abu Dhabi at peak

Saudi Arabia's benchmark index eased 0.1%, hit by a 3.3% fall in National Industrialization Company and a 0.1% decrease in Al Rajhi Bank.

The Saudi stock market was in negative territory as it failed to surpass its latest peak. Investors moved securing their gains while the stagnating oil prices remove important support, said Farah Mourad, senior market analyst of XTB MENA.

"However, the market could see limited price corrections thanks to strong fundamentals."

Egypt's blue-chip index declined 0.7%, extending losses from the previous session.

Investors move to secure their gains while oil stagnates, and inflation worries return, said Mourad.

SAUDI ARABIA eased 0.1% to 11,827

ABU DHABI climbed 1% to 8,352

DUBAI gained 1% to 3,287

QATAR added 0.1% to 11,994

EGYPT lost 0.7% to 11,413

BAHRAIN was up 0.3% to 1,787

OMAN up 0.1% to 4,033

KUWAIT added 0.6% to 7,864

Comments

Comments are closed.

Dubai bourse hits near 4-year high; Saudi eases

'We stand by our promise': Moonis Elahi says will dissolve Punjab assembly on Imran's call

PM Shehbaz urges Turkiye to invest in Pakistan's mega solar project

Ishaq Dar says Pakistani delegation to leave for Russia for potential oil deal

Pakistan secures €150mn in aid from ECO Trade and Development Bank: Marriyum

Saudi Arabia blocks Qatari beIN’s World Cup streaming platform

Lewandowski breaks World Cup duck as Poland beat Saudi Arabia

Nine terrorists killed in gun battle with security forces in Balochistan: ISPR

Ronaldo’s ‘total genius’ won World Cup penalty, says FIFA group

Relations with India, gender equality stressed at ‘talks by engro’ event in IBA

Owned by resident Pakistanis: FBR starts taxing hundreds of foreign properties