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: Most Gulf markets closed up on Tuesday as traders across the globe tracked fresh sanctions on Russia, while sentiment in Egypt remained muted on fear of higher commodity prices.

The United States and Europe were planning new sanctions to punish Moscow over civilian killings in Ukraine, and President Volodymyr Zelenskiy warned more deaths were likely to be uncovered in areas seized from Russian invaders.

With investors waiting on the new batch of sanctions - most likely on Wednesday according to France’s European Affairs Minister - oil was up 1%, lifting benchmark German Bund and US Treasury bond yields due to the prospect of higher global inflation. Egypt’s main share index ended lower for the second day, closing 1.3% down, as financials and material stocks weighed.

“The Egyptian stock market remains exposed to the effects of the conflict in Ukraine as commodities prices put pressure on non-oil sectors,” said Farah Mourad, senior market analyst at XTB MENA.

Saudi Arabia’s benchmark index gained 0.3%.

The world’s top oil exporter raised crude prices for all regions, with those to Asia hitting all-time highs, as disruption in Russian supplies supported prices, according to a pricing document seen by Reuters on Monday.

In Dubai, the main share index reversed early gains to end 0.5% lower.

Investors are looking to book their profits in the region after state utility DEWA’s IPO subscription brought cheer last week.

Shares of Gulf Navigation gained 5%, a day after the company signed deals for a gas project in Sharjah.

Abu Dhabi’s benchmark index gained 0.3%, while Qatar’s main index inched up 0.8%.

SAUDI ARABIA up 0.3% to 13,207

ABU DHABI rose 0.3% to 10,090

DUBAI lost 0.5% to 3,502

QATAR rose 0.8% to 13,670

EGYPT shed 1.3% to 11,381

BAHRAIN was up 0.6% to 2,094

OMAN rose 0.2% at 4,137

KUWAIT gained 0.9% to 9,049.

Comments

Comments are closed.