AIRLINK 76.98 Decreased By ▼ -0.86 (-1.1%)
BOP 4.87 No Change ▼ 0.00 (0%)
CNERGY 4.22 Decreased By ▼ -0.06 (-1.4%)
DFML 41.79 Decreased By ▼ -3.21 (-7.13%)
DGKC 84.73 Decreased By ▼ -1.24 (-1.44%)
FCCL 22.39 Decreased By ▼ -0.06 (-0.27%)
FFBL 31.45 Decreased By ▼ -0.55 (-1.72%)
FFL 9.35 Decreased By ▼ -0.15 (-1.58%)
GGL 10.16 Increased By ▲ 0.07 (0.69%)
HASCOL 6.41 Decreased By ▼ -0.14 (-2.14%)
HBL 108.60 Decreased By ▼ -3.40 (-3.04%)
HUBC 140.49 Decreased By ▼ -0.71 (-0.5%)
HUMNL 10.52 Decreased By ▼ -0.45 (-4.1%)
KEL 4.85 No Change ▼ 0.00 (0%)
KOSM 4.23 Decreased By ▼ -0.12 (-2.76%)
MLCF 37.69 Decreased By ▼ -0.56 (-1.46%)
OGDC 126.64 Decreased By ▼ -2.25 (-1.75%)
PAEL 25.03 Decreased By ▼ -0.48 (-1.88%)
PIBTL 6.26 Decreased By ▼ -0.10 (-1.57%)
PPL 116.29 Decreased By ▼ -1.21 (-1.03%)
PRL 25.74 Decreased By ▼ -0.06 (-0.23%)
PTC 13.60 Decreased By ▼ -0.14 (-1.02%)
SEARL 56.59 Decreased By ▼ -0.50 (-0.88%)
SNGP 63.20 Decreased By ▼ -1.79 (-2.75%)
SSGC 9.98 Decreased By ▼ -0.02 (-0.2%)
TELE 8.00 Decreased By ▼ -0.12 (-1.48%)
TPLP 10.14 Decreased By ▼ -0.21 (-2.03%)
TRG 66.02 Increased By ▲ 0.78 (1.2%)
UNITY 26.83 Decreased By ▼ -0.02 (-0.07%)
WTL 1.33 Decreased By ▼ -0.01 (-0.75%)
BR100 7,773 Decreased By -61.6 (-0.79%)
BR30 24,963 Decreased By -281.2 (-1.11%)
KSE100 74,219 Decreased By -447.2 (-0.6%)
KSE30 23,779 Decreased By -139.4 (-0.58%)

Major stock markets in the Gulf edged higher in early trade on Tuesday ahead of US labour and manufacturing data due later in the week, while volatile energy prices limited gains.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.4%, as did Japan's Nikkei.

Saudi Arabia's benchmark index added 0.1%, helped by a 2.8% jump in Jabal Omar Development Co after the company obtained a licence from the Ministry of Tourism to operate the first tower of Jabal Omar Jumeirah Hotels.

On the other hand, oil giant Saudi Aramco dropped 0.7%.

Oil prices - a key catalyst for the Gulf's financial markets - slipped as worries that further possible US interest rate hikes could pull down demand outweighed concerns that a tropical storm off the US Gulf Coast may impact supply.

Dubai's main share index gained 0.1%, with toll operator Salik Co putting on 0.9%.

In Abu Dhabi, the index added 0.2%. Separately, insurer Centene said on Monday it would sell British hospital operator Circle Health Group to United Arab Emirates-based PureHealth for about $1.2 billion including debt, as the US health insurer refocuses on its core business.

PureHealth is majority-owned by Abu Dhabi investment fund ADQ, with International Holding Company (IHC) also holding a stake.

Shares of IHC were flat.

The Qatari benchmark was up 0.1%, with Qatar Islamic Bank gaining 0.5%.

Comments

Comments are closed.