AVN 49.55 Decreased By ▼ -1.30 (-2.56%)
BAFL 28.80 Decreased By ▼ -0.06 (-0.21%)
BOP 3.68 Decreased By ▼ -0.02 (-0.54%)
CNERGY 3.30 Decreased By ▼ -0.01 (-0.3%)
DFML 11.10 Increased By ▲ 0.10 (0.91%)
DGKC 52.70 Decreased By ▼ -0.42 (-0.79%)
EPCL 44.21 Increased By ▲ 0.20 (0.45%)
FCCL 12.75 Increased By ▲ 0.15 (1.19%)
FFL 6.29 Increased By ▲ 0.02 (0.32%)
FLYNG 5.99 Decreased By ▼ -0.09 (-1.48%)
GGL 10.46 Decreased By ▼ -0.24 (-2.24%)
HUBC 68.75 Increased By ▲ 0.05 (0.07%)
HUMNL 5.87 Decreased By ▼ -0.13 (-2.17%)
KAPCO 22.74 Decreased By ▼ -0.16 (-0.7%)
KEL 1.86 No Change ▼ 0.00 (0%)
LOTCHEM 29.30 Decreased By ▼ -0.22 (-0.75%)
MLCF 28.81 Decreased By ▼ -0.14 (-0.48%)
NETSOL 77.60 Decreased By ▼ -2.73 (-3.4%)
OGDC 79.00 Increased By ▲ 0.10 (0.13%)
PAEL 9.85 Decreased By ▼ -0.05 (-0.51%)
PIBTL 4.27 Decreased By ▼ -0.06 (-1.39%)
PPL 61.35 Increased By ▲ 0.07 (0.11%)
PRL 14.74 No Change ▼ 0.00 (0%)
SILK 1.06 Decreased By ▼ -0.01 (-0.93%)
SNGP 42.49 Decreased By ▼ -0.21 (-0.49%)
TELE 7.12 Decreased By ▼ -0.20 (-2.73%)
TPLP 13.08 Increased By ▲ 0.11 (0.85%)
TRG 97.50 Decreased By ▼ -2.93 (-2.92%)
UNITY 15.18 Increased By ▲ 0.68 (4.69%)
WTL 1.20 Decreased By ▼ -0.01 (-0.83%)
BR100 4,195 Decreased By -17.1 (-0.41%)
BR30 14,547 Decreased By -58.2 (-0.4%)
KSE100 41,976 Decreased By -166.5 (-0.4%)
KSE30 14,846 Decreased By -97.5 (-0.65%)
Follow us

Major stock markets in the Gulf were mixed in early trade on Monday, tracking Asian shares as soft US data suggested downside risks for this week’s June payrolls report.

MSCI’s broadest index of Asia-Pacific shares outside Japan was flat, after losing 1.8% last week. Japan’s Nikkei added 0.6%, while South Korea fell 0.8%.

Saudi Arabia’s benchmark index dropped 1.1%, on course to extend losses for a second session, hit by a 1.7% fall in Al Rajhi Bank and a 1.8% decrease in oil giant Saudi Aramco.

Dubai’s main share index fell 0.6%, with blue-chip developer Emaar Properties losing 1.4%, while lender Emirates NBD declined 1.2%.

Separately, Emirati supermarket chain Union Coop on Friday announced its intention to list shares on the Dubai stock market on July 18.

Gulf bourses end mixed; Egypt hits lowest in over 2 years

The company said in a statement that existing shareholders would be offered ten shares in the listing for each share held, and that trading of shares on its own portal had been suspended.

In Abu Dhabi, equities were flat, as gains in financials were offset by declines in telecoms firm e&.

The Qatari index gained 0.3%, with Qatar Islamic Bank rising 1.5%.

Oil prices, a catalyst for the Gulf’s financial markets, reversed losses and edged up as concerns of tight supply amid lower OPEC output, unrest in Libya and sanctions on Russia outweighed fears of a global recession.

Comments

1000 characters

Major Gulf bourses were mixed in early trade

Intra-day update: rupee largely stable against US dollar

Rs90bn allocated for parliamentarians under SDGs

Oil eases as weaker demand outlook returns to focus

PSDP: Govt takes firm step to revive certain CPEC initiatives

IT exporters, freelancers: 35pc of export proceeds can be retained in special forex accounts: SBP

IK and Qureshi meet, exchange wincing smiles

Finally, JKT launches new party to cash in on IK’s misery

Survey contains details of major socioeconomic indicators: MoF

NEC apprised about the key challenges facing economy

Sustainable Development Achievement Goals Programme: ECC approves Rs27bn supplementary grants