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11/26/24, 2:23 PM Mideast Stocks: Major Gulf markets gain in early trade; Saudi falls

Saudi Arabia economic downturn with stock exchange market showing stock chart down and in red negative territory. Image used for
illustrative purpose. Getty Images
EQUITIES
Mideast Stocks: Major Gulf markets gain in early

trade; Saudi falls

Dubai's main share index advanced 0.7%

Ateeq Shariff, Reuters News

November 25, 2024

Most stock markets in the Gulf rose in early trade on Monday, shrugging off geopolitical tensions amid
the ongoing war between major oil producer Russia and Ukraine, although the Saudi index bucked the

trend to trade lower.

Last week, Russia fired a hypersonic missile at Ukraine in a warning to the United States and Britain
following strikes by Kyiv on Russia, using U.S. and British weapons.

Dubai's main share index .DFMGI advanced 0.7%, led by a 2% rise in blue-chip developer Emaar
Properties EMAR.DU and a 2.2% increase in toll operator Salik SALIK.DU.

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