AGL 23.81 Decreased By ▼ -0.54 (-2.22%)
AIRLINK 103.60 Increased By ▲ 0.60 (0.58%)
BOP 5.66 Decreased By ▼ -0.05 (-0.88%)
CNERGY 3.93 Decreased By ▼ -0.03 (-0.76%)
DCL 8.36 Decreased By ▼ -0.14 (-1.65%)
DFML 41.70 Decreased By ▼ -1.29 (-3%)
DGKC 88.30 Decreased By ▼ -0.60 (-0.67%)
FCCL 22.70 No Change ▼ 0.00 (0%)
FFBL 40.88 Increased By ▲ 2.68 (7.02%)
FFL 8.96 Decreased By ▼ -0.15 (-1.65%)
HUBC 160.49 Decreased By ▼ -3.21 (-1.96%)
HUMNL 11.46 Decreased By ▼ -0.34 (-2.88%)
KEL 4.82 Decreased By ▼ -0.03 (-0.62%)
KOSM 4.09 Decreased By ▼ -0.04 (-0.97%)
MLCF 38.60 Increased By ▲ 0.19 (0.49%)
NBP 53.60 Increased By ▲ 0.75 (1.42%)
OGDC 130.60 Decreased By ▼ -2.29 (-1.72%)
PAEL 25.36 Decreased By ▼ -0.29 (-1.13%)
PIBTL 6.25 Decreased By ▼ -0.13 (-2.04%)
PPL 118.90 Decreased By ▼ -0.60 (-0.5%)
PRL 23.95 Decreased By ▼ -0.65 (-2.64%)
PTC 12.92 Increased By ▲ 0.28 (2.22%)
SEARL 59.11 Decreased By ▼ -0.49 (-0.82%)
TELE 7.43 Decreased By ▼ -0.06 (-0.8%)
TOMCL 34.99 Decreased By ▼ -0.16 (-0.46%)
TPLP 8.72 Decreased By ▼ -0.13 (-1.47%)
TREET 15.90 Increased By ▲ 0.10 (0.63%)
TRG 55.95 Decreased By ▼ -1.95 (-3.37%)
UNITY 34.95 Increased By ▲ 0.06 (0.17%)
WTL 1.20 Decreased By ▼ -0.02 (-1.64%)
BR100 8,536 Decreased By -8.5 (-0.1%)
BR30 27,187 Decreased By -204 (-0.74%)
KSE100 79,944 Decreased By -48.3 (-0.06%)
KSE30 25,500 Decreased By -43.9 (-0.17%)

Most stock markets in the Gulf ended higher on Monday, largely on the back of corporate earnings, although traders’ attention remained focused on the U.S. Federal Reserve and volatility in oil markets.

Saudi Arabia’s benchmark index gained 0.4%, buoyed by a 3.7% jump in Al Rajhi Bank after the lender proposed a half-yearly dividend of 1.15 riyal per share.

The Saudi bourse continued to see a strong performance thanks to solid local fundamentals as well as positive results from the banking sector, said Daniel Takieddine, CEO MENA at BDSwiss.

“Volatility in energy prices could affect the market to a certain extent, however.”

In Abu Dhabi, the benchmark stock index rose 1.2%, boosted by a 5.8% surge in the country’s biggest lender First Abu Dhabi Bank (FAB) following a sharp rise in quarterly earnings.

FAB said its second-quarter profit rose 61% from a year prior, as interest and non-interest income rose. The bank posted a net profit of 4.2 billion dirhams ($1.14 billion) for the quarter.

Dubai’s main share index edged 0.2% higher, with Emirates Central Cooling Systems Corp gaining 1.6%.

Dubai’s Roads and Transport Authority (RTA) has invited investment banks to pitch for roles in the planned initial public offerings of its taxi and parking businesses, Reuters reported last Thursday, citing two sources with knowledge of the matter.

Outside the Gulf, Egypt’s blue-chip index fell 0.2%, weighed down by a 1.9% decline in Eastern Company.

The Egyptian stock market dropped as trading volumes continue to fall and as international investors maintained selling pressure, said Takieddine.

========================================
 SAUDI ARABIA     rose 0.4% to 11,802
 ABU DHABI        up 1.2% to 9,740
 DUBAI            gained 0.2% to 3,994
 QATAR            was flat at 10,497
 EGYPT            lost 0.2% to 17,550
 BAHRAIN          added 0.2% to 1,986
 OMAN             was flat at 4,799
 KUWAIT           dropped 1.1% to 8,068
========================================

Comments

Comments are closed.