AIRLINK 171.00 Decreased By ▼ -2.15 (-1.24%)
BOP 11.19 Increased By ▲ 0.54 (5.07%)
CNERGY 8.45 Decreased By ▼ -0.07 (-0.82%)
CPHL 100.17 Increased By ▲ 2.71 (2.78%)
FCCL 46.60 Decreased By ▼ -0.65 (-1.38%)
FFL 15.25 Decreased By ▼ -0.17 (-1.1%)
FLYNG 27.79 Decreased By ▼ -0.34 (-1.21%)
HUBC 138.00 Decreased By ▼ -0.91 (-0.66%)
HUMNL 12.92 Increased By ▲ 0.11 (0.86%)
KEL 4.56 Increased By ▲ 0.02 (0.44%)
KOSM 5.40 Decreased By ▼ -0.15 (-2.7%)
MLCF 62.50 Increased By ▲ 0.24 (0.39%)
OGDC 213.15 Decreased By ▼ -1.60 (-0.75%)
PACE 5.43 Decreased By ▼ -0.12 (-2.16%)
PAEL 46.99 Increased By ▲ 2.13 (4.75%)
PIAHCLA 18.48 Decreased By ▼ -0.22 (-1.18%)
PIBTL 10.40 Decreased By ▼ -0.34 (-3.17%)
POWER 12.30 Increased By ▲ 0.04 (0.33%)
PPL 169.25 Decreased By ▼ -4.62 (-2.66%)
PRL 35.80 Decreased By ▼ -0.42 (-1.16%)
PTC 23.15 Decreased By ▼ -0.41 (-1.74%)
SEARL 96.30 Increased By ▲ 0.99 (1.04%)
SSGC 39.65 Increased By ▲ 0.52 (1.33%)
SYM 13.88 Decreased By ▼ -0.14 (-1%)
TELE 7.18 Decreased By ▼ -0.05 (-0.69%)
TPLP 10.01 Decreased By ▼ -0.28 (-2.72%)
TRG 63.38 Decreased By ▼ -1.30 (-2.01%)
WAVESAPP 10.06 Increased By ▲ 0.02 (0.2%)
WTL 1.32 Decreased By ▼ -0.01 (-0.75%)
YOUW 3.67 Decreased By ▼ -0.03 (-0.81%)
BR100 12,305 Decreased By -186.6 (-1.49%)
BR30 37,415 Decreased By -278.7 (-0.74%)
KSE100 114,853 Decreased By -1335.9 (-1.15%)
KSE30 35,217 Decreased By -533.1 (-1.49%)

Stock markets in the Gulf ended mixed on Thursday ahead of more corporate earnings, with the Dubai index ending four sessions of losses.

Saudi Arabia’s benchmark index fell 0.2%, with Al Rajhi Bank losing 1.4%.

In the previous session, the lender advanced 4.7%, after Al Rajhi reported an 18.7% surge in its net profit to 19.72 billion riyals ($5.26 billion) for 2024. The bank proposed a second-half cash dividend of 1.46 riyal per share, up from 1.15 riyal a year earlier.

Alinma Bank dropped 2.3% despite reporting a higher annual profit.

Dubai’s main share index added 0.5%, led by a 2.3% leap in blue-chip developer Emaar Properties.

Among other gainers, Dubai Financial Market gained 1.3%, ahead of its results.

In Abu Dhabi, the index added 0.2%, with Abu Dhabi Commercial Bank (ADCB) climbing 3.7%, rising for a third consecutive session.

On Monday, ADCB reported a higher fourth-quarter net profit of 2.57 billion dirhams ($699.78 million), along with an annual dividend of 0.59 dirhams.

Major Gulf markets fall on weak earnings; Al Rajhi Bank lifts Saudi index

Additionally, the bank projected a doubling of net profits to 20 billion dirhams within five years.

In Qatar, the index eased 0.1%, hit by a 0.6% fall in Qatar National Bank and a 1.9% slide in Qatar Gast Transport (Nakilat).

Nakilat - the world’s largest shipper of liquefied natural gas - on Wednesday retreated 2.4% after proposing a lower annual dividend.

However, the firm recorded a net profit of 1.64 billion riyals ($449.89 million), compared with 1.56 billion riyals a year ago.

On the other hand, Mesaieed Petrochemical Holding Co rose 1.9% ahead of the firm reporting its 2024 results.

Outside the Gulf, Egypt’s blue-chip index gained 0.4%, with Talaat Moustafa Holding gaining 0.9%.

---------------------------------------
 SAUDI ARABIA    lost 0.2% to 12,415
 Abu Dhabi       added 0.5% to 5,155
 Dubai           rose 0.2% to 9,584
 QATAR           eased 0.1% to 10,667
 EGYPT           gained 0.4% to 30,011
 BAHRAIN         was up 0.3% to 1,879
 OMAN            down 0.5% to 4,543
---------------------------------------

Comments

200 characters