🔥 Premium AI-powered Stock Picks from InvestingPro Now up to 50% OffCLAIM SALE

MIDEAST STOCKS-Major Gulf bourses off to a mixed start

Published 25-04-2021, 01:54 pm
© Reuters.
ADI
-
TASI
-
2350
-
DFMGI
-
DINV
-
EMAR
-
QSI
-
COMB
-
QISB
-
EAND
-
4013
-

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)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.