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Gulf stock

Major Gulf bourses shrug off geopolitical tensions
Markets

Major Gulf bourses shrug off geopolitical tensions

  • Saudi Arabia's benchmark index rose 0.4%, with Dr Sulaiman Al-Habib Medical Services advancing 3.1% and Sahara International Petrochemical Co climbing 4.2%
  • The Qatari benchmark added 0.6%, led by a 0.6% increase in Qatar National Bank and a 1.2% rise in Commercial Bank
Updated 05 Aug, 2021 07:22pm
Dubai drags major Gulf markets lower
Markets

Dubai drags major Gulf markets lower

  • Dubai's main share index fell 0.7%, weighed down by a 1.1% drop in Emirates NBD Bank and a 1% decline in sharia-compliant lender Dubai Islamic Bank.
  • "The Saudi announcement will likely negatively affect companies in the Emirates in the short-term," said Daniel Takieddine, market analyst at FXPrimus.
Published 06 Jul, 2021 07:13pm
Saudi gains as major Gulf markets ease
Markets

Saudi gains as major Gulf markets ease

  • Saudi Arabia's benchmark index added 0.2%, with Al Rajhi Bank rising 0.9% and Sahara International Petrochemical Company (Sipchem) jumping 5.6% after proposing a first-half dividend of 0.75 riyal per share.
Published 24 Jun, 2021 08:01pm
Saudi leads major Gulf markets higher; Egypt slides
Markets

Saudi leads major Gulf markets higher; Egypt slides

  • Egypt's blue-chip index declined 2.1%. Most of the stocks on the index were in negative territory, including Commercial International Bank, which dropped 2%.
  • Saudi Arabia's benchmark index finished 1.3% higher, buoyed by a 1.8% rise in Al Rajhi Bank and a 5.7% jump in Riyad Bank.
Published 25 May, 2021 07:07pm
Abu Dhabi outperforms major Gulf markets
Markets

Abu Dhabi outperforms major Gulf markets

  • In Abu Dhabi, the index rose 1.3%, on track to extend gains for an eight consecutive session, boosted by a 13.6% rise in International Holding.
  • Saudi Arabia's benchmark index edged up 0.3%, with Advanced Petrochemical jumping more than 5%, after it reported strong quarterly earnings.
Updated 06 Apr, 2021 07:29pm