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Abu Dhabi index

Major Gulf markets mixed
Markets

Major Gulf markets mixed

DUBAI: Major stock markets in the Gulf closed mixed on Tuesday, with petrochemical shares boosting the Qatari ...
Published 28 Apr, 2021 03:18am
Most major Gulf bourses gain on corporate earnings
Markets

Most major Gulf bourses gain on corporate earnings

  • Saudi Arabia's benchmark index rose 0.9%, boosted by a 1.8% gain in Al Rajhi Bank and a 8.9% surge in Bank Al Jazira, which reported an increase in its quarterly net profit.
  • The Abu Dhabi index added 0.5%, bolstered by a 0.7% gain in top lender First Abu Dhabi Bank while telecoms giant Etisalat was up 0.6%.
Published 26 Apr, 2021 06:21pm
Q1 earnings boost most Gulf markets; Egypt retreats
Markets

Q1 earnings boost most Gulf markets; Egypt retreats

  • Saudi Arabia's benchmark index closed up 0.4%, with Al Rajhi Bank rising 0.8%, extending gains from the previous session when it reported first-quarter earnings.
  • The kingdom's biggest Islamic lender said net profit in the three months ended March 31 rose to 3.34 billion riyals ($891 million). It made a net profit of 2.38 billion riyals in the same period a year earlier.
Published 22 Apr, 2021 08:45pm
Most major Gulf markets gain as financials rise
Markets

Most major Gulf markets gain as financials rise

  • On Sunday, the lender reported its first quarter net profit of 3.3 billion riyals ($906.22 million), down by 7% from a year earlier as it booked 1.4 billion riyals in "precautionary" loan-loss provisions.
Published 12 Apr, 2021 01:43pm