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MIDEAST STOCKS-Major Gulf bourses off to a mixed start

Published 25-04-2021, 01:54 pm
© Reuters.

April 25 (Reuters) - Major Gulf markets were mixed in early trade on Sunday, with the Saudi index on track to extend gains from the previous session helped by in healthcare and petrochemical shares.

Saudi Arabia's benchmark index .TASI gained 0.3%, with Dr Sulaiman Al-Habib Medical Services 4013.SE rising 1.8% and Saudi Kayan Petrochemical 2350.SE jumping 4.4%.

The petrochemical firm posted a net profit of 492.9 million riyals in first-quarter compared to a loss of 516.8 million riyals a year earlier. Dubai, the main share index .DFMGI eased 0.1%, hit by a 0.3% decrease in blue-chip developer Emaar Properties EMAR.DU and 0.6% fall in Dubai Investments DINV.DU .

The Abu Dhabi index .ADI added 0.1%, supported by a 0.5% gain in telecoms giant Etisalat ETISALAT.AD .

The telecoms operator is expected to tap the international bond market in the coming days ahead of a 1.2 billion euro ($1.45 billion) bond maturity in June, Reuters reported, citing three sources familiar with the matter. the United Arab Emirates has suspended all incoming flights from India due to a surge in coronavirus infections there, the UAE's National Emergency Crisis and Disaster Management Authority (NCEMA) said on Thursday. Qatar, the benchmark .QSI lost 0.3%, with Commercial Bank COMB.QA falling 0.9%, while Qatar Islamic Bank QISB.QA was down 0.3%.

($1 = 0.8265 euros)

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