AIRLINK 175.55 Decreased By ▼ -2.01 (-1.13%)
BOP 11.01 Decreased By ▼ -0.04 (-0.36%)
CNERGY 8.29 Increased By ▲ 0.12 (1.47%)
FCCL 47.23 Decreased By ▼ -0.09 (-0.19%)
FFL 16.02 Decreased By ▼ -0.10 (-0.62%)
FLYNG 27.31 Decreased By ▼ -0.04 (-0.15%)
HUBC 142.32 Decreased By ▼ -4.59 (-3.12%)
HUMNL 13.30 Decreased By ▼ -0.21 (-1.55%)
KEL 4.44 Decreased By ▼ -0.06 (-1.33%)
KOSM 5.90 Decreased By ▼ -0.01 (-0.17%)
MLCF 61.80 Decreased By ▼ -0.22 (-0.35%)
OGDC 226.77 Decreased By ▼ -7.91 (-3.37%)
PACE 5.77 Decreased By ▼ -0.03 (-0.52%)
PAEL 44.80 Decreased By ▼ -1.61 (-3.47%)
PIAHCLA 17.88 Decreased By ▼ -0.24 (-1.32%)
PIBTL 10.47 Decreased By ▼ -0.10 (-0.95%)
POWER 12.02 Increased By ▲ 0.03 (0.25%)
PPL 185.92 Decreased By ▼ -5.88 (-3.07%)
PRL 37.16 Decreased By ▼ -0.16 (-0.43%)
PTC 24.05 Increased By ▲ 0.85 (3.66%)
SEARL 100.29 Decreased By ▼ -0.60 (-0.59%)
SILK 1.15 No Change ▼ 0.00 (0%)
SSGC 38.51 Decreased By ▼ -1.20 (-3.02%)
SYM 14.75 Decreased By ▼ -0.28 (-1.86%)
TELE 7.73 Decreased By ▼ -0.11 (-1.4%)
TPLP 11.03 Decreased By ▼ -0.08 (-0.72%)
TRG 66.00 Decreased By ▼ -1.29 (-1.92%)
WAVESAPP 10.97 Decreased By ▼ -0.38 (-3.35%)
WTL 1.35 Decreased By ▼ -0.01 (-0.74%)
YOUW 3.78 Increased By ▲ 0.01 (0.27%)
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%)

Most stock markets in the Gulf were lower on Thursday as simmering geopolitical tensions in the Middle East kept investors on the sidelines.

Israeli strikes pounded Beirut’s southern suburbs on Wednesday and Hezbollah said it fired precision guided missiles for the first time at Israeli targets, as U.S. Secretary of State Antony Blinken toured the region, pushing for a halt to fighting in both Gaza and Lebanon.

Israeli strikes were also reported to have hit the Syrian capital Damascus early on Thursday.

Saudi Arabia’s benchmark index eased 0.1%, with the country’s biggest lender Saudi National Bank losing 0.6% and Alinma Bank was down 1.2%.

The Saudi index posted a weekly loss of 0.2%.

Separately, the kingdom attracted foreign direct investment inflows of 96 billion riyals ($25.6 billion) in 2023, beating official targets, according to government data based on a new calculation methodology.

In Abu Dhabi, the index closed 0.1% lower, hit by by a 0.5% drop in conglomerate International Holding Co (IHC).

Most Gulf markets in red on heightened regional tensions

IHC said on Wednesday its subsidiary International Tech Group acquired an additional 46% stake in Emircon for 292 million dirhams ($79.51 million).

However, Abu Dhabi Commercial Bank climbed 2.5%, after beating forecasts with a 23% rise in third-quarter profit.

Dubai’s main share index concluded flat.

The Qatari index fell 0.1%, with petrochemical maker Industries Qatar retreating 1%.

The Qatari index recorded its biggest weekly loss of 3.1% in a year.

Outside the Gulf, the Egyptian index rose 0.5%, with Talaat Mostafa Holding gaining 1.7%.

The blue-chip index posted first weekly gains in three weeks.

Egypt’s economic growth will increase to 4.0% in the year to the end of June 2025 as austerity measures imposed under an International Monetary Fund programme run their course, a Reuters poll showed on Thursday.

----------------------------------------
 SAUDI ARABIA    eased 0.1% to 11,886
 ABU DHABI       down 0.1% to 9,196
 DUBAI           was flat at 4,464
 QATAR           dropped 0.1% to 10,401
 EGYPT           rose 0.5% to 30,553
 BAHRAIN         gained 0.6% to 2,002
 OMAN            added 0.4% to 4,826
 KUWAIT          fell 0.2% to 7,461
----------------------------------------

Comments

200 characters