AIRLINK 175.65 Decreased By ▼ -1.91 (-1.08%)
BOP 11.01 Decreased By ▼ -0.04 (-0.36%)
CNERGY 8.33 Increased By ▲ 0.16 (1.96%)
FCCL 47.10 Decreased By ▼ -0.22 (-0.46%)
FFL 16.02 Decreased By ▼ -0.10 (-0.62%)
FLYNG 27.02 Decreased By ▼ -0.33 (-1.21%)
HUBC 142.45 Decreased By ▼ -4.46 (-3.04%)
HUMNL 13.37 Decreased By ▼ -0.14 (-1.04%)
KEL 4.45 Decreased By ▼ -0.05 (-1.11%)
KOSM 5.91 No Change ▼ 0.00 (0%)
MLCF 61.50 Decreased By ▼ -0.52 (-0.84%)
OGDC 226.31 Decreased By ▼ -8.37 (-3.57%)
PACE 5.80 No Change ▼ 0.00 (0%)
PAEL 44.79 Decreased By ▼ -1.62 (-3.49%)
PIAHCLA 17.93 Decreased By ▼ -0.19 (-1.05%)
PIBTL 10.45 Decreased By ▼ -0.12 (-1.14%)
POWER 12.10 Increased By ▲ 0.11 (0.92%)
PPL 185.99 Decreased By ▼ -5.81 (-3.03%)
PRL 37.25 Decreased By ▼ -0.07 (-0.19%)
PTC 24.14 Increased By ▲ 0.94 (4.05%)
SEARL 99.95 Decreased By ▼ -0.94 (-0.93%)
SSGC 38.40 Decreased By ▼ -1.31 (-3.3%)
SYM 14.89 Decreased By ▼ -0.14 (-0.93%)
TELE 7.75 Decreased By ▼ -0.09 (-1.15%)
TPLP 11.10 Decreased By ▼ -0.01 (-0.09%)
TRG 66.00 Decreased By ▼ -1.29 (-1.92%)
WAVESAPP 11.00 Decreased By ▼ -0.35 (-3.08%)
WTL 1.36 No Change ▼ 0.00 (0%)
YOUW 3.82 Increased By ▲ 0.05 (1.33%)
BR100 12,826 Increased By 19.4 (0.15%)
BR30 38,861 Decreased By -842.2 (-2.12%)
KSE100 118,792 Decreased By -146.5 (-0.12%)
KSE30 36,779 Increased By 22.6 (0.06%)

Stock exchanges in United Arab Emirates closed higher, as strong corporate earnings boosted investor sentiments.

Even though Dubai index was a little volatile in early session amid reports of IT outage disrupting airlines, banks and financial services across the globe.

Dubai’s main market settled 0.3% higher, extending gains to third straight session, elevated by a 1.9% jump in Emirates Central Cooling Systems Corporation, while blue-chip developer Emaar Properties added 0.5%.

Among gainers, Ajman Bank surged 3.3% after the firm reported 103% growth in second-quarter net profit to 108.1 million dirhams ($29.43 million).

Dubai’s largest lender Emirates NBD Bank was up 0.3% as the lender reported a 13% rise in second-quarter net profit on Thursday.

Abu Dhabi’s benchmark index edged up 0.1%, hitting over 2-months high, supported by a 1.5% rise in UAE’s third largest lender Abu Dhabi Commercial Bank after the lender posted a 20% hike in second-quarter net profit to 2.32 billion dirhams ($631.67 million) on Thursday.

Among the gainers, Abu Dhabi’s biggest developer Aldar Properties increased 1.6% and biggest utility firm Abu Dhabi National Energy Company jumped 2.8%.

Most Gulf markets gain on earnings, US rate-cut hopes

During the trading hours on Friday Abu Dhabi securities exchange (ADX) said that Global index provider FTSE Russell had identified a service disruption impacting all of its FTSE-managed indexes, including the ADX’s indexes.

The Dubai index notched up 1.9%, its 7th weekly gain, while Abu Dhabi index extended gains to 5th week with 1% weekly rise- LSEG data.

However, oil prices - a key contributor to Gulf’s economies - drifted lower as disappointing Chinese economic data and a lacklustre third plenum outcome has cast a shadow over the global mood.

Brent crude was down 0.3% to $84.88 a barrel by 1140 GMT.

Hong Kong Exchanges has added ADX And DFM As Recognised Stock Exchanges, allowing companies with primary listing on these two exchanges in UAE to apply for a secondary listing in Hong Kong.

===========================================
 ABU DHABI      rose 0.1% to 9,233 points
 DUBAI          was up 0.3% to 4,181 points
===========================================

Comments

Comments are closed.