Breaking News

Dubai index leads significant Gulf markets greater

By

2 Minutes Read

( Reuters) – Considerable stock market in the Gulf ended higher on Monday, with monetary shares increasing the Dubai index.

SUBMIT IMAGE: Traders keep track of screens showing stock information at Qatar Stock Exchange in Doha, Qatar November 9, 2016. REUTERS/Naseem Zeitoon

Saudi Arabia’s benchmark index rose 0.5%, with Dr Sulaiman Al-Habib Medical Solutions 4013. SE increasing 3.1% and Saudi Telecom Business 7010. SE getting 1.8%.

The kingdom prepares to resume tourist visas by early 2021 after months of suspension as part of efforts to prevent the spread of the coronavirus, Saudi Arabia’s tourist minister notified Reuters.Dubai’s primary share index. DFMGI increased 0.7%, buoyed by a 1.9% gain in Emirates NBD Bank ENBD.DU and a 1.2 %boost in sharia-compliant loan provider Dubai Islamic Bank DISB.DU. Among others, Aramex ARMX.DU closed up 2.1%, snapping 2 sessions of losses triggered after the logistics business on Wednesday confirmed that a part of its warehouse facility in Morocco had actually been hurt in a fire.The Abu Dhabi index. ADI edged up 0.1%, supported by a 3 % leap in aquaculture firm International Holding IHC.AD. In Qatar, the index.QSI climbed up 0.7

%, as most of its member stocks ended in favorable location including Qatar Insurance provider QINS.QA, which rose 8.2%. On Thursday, rankings firm Moody’s affirmed the Gulf state’s Aa3 ranking, while

maintaining a constant outlook.Outside the Gulf, Egypt’s blue-chip index. EGX30 firmed 0.6%, with tobacco monopoly Eastern Company EAST.CA leaping 4.8 %. Egypt has actually hired banks ahead of a possible issuance of dollar-denominated green bonds, a file revealed on Monday.The bonds would enhance foreign financiers’ confidence in the Egyptian economy and attract those interested in ecological returns, Financing Minister Mohamed Maait stated on Sunday.SAUDI ARABIA. TASI increased 0.5 %to 8,335 points ABU DHABI. ADI consisted of 0.1% to 4,492 points DUBAI. DFMGI increased 0.7% to 2,261 points QATAR. QSI gotten 0.7% to 9,884 points EGYPT. EGX30 up

0.6 %to 10,970 points BAHRAIN. BAX relieved 0.1 %to 1,449 points OMAN. MSI was flat at 3,621 points KUWAIT. BKP lost 0.5% to 6,156 points Reporting by Ateeq Shariff in Bengaluru; Modifying by Tomasz Janowski

Leave a Reply

Your email address will not be published. Required fields are marked *