Page 413 - SALIK ENGLISH PR REPORT NOVEMBER 2024

Dubai’s main share index eased 0.2%, with toll operator Salik Company losing
1.2%, while Sharia-compliant lender Dubai Islamic Bank fell 0.2%, ahead of its
earnings announcement.

Most Gulf markets fall as OPEC+ delays oil output hike

In Abu Dhabi, the index was flat. Oil prices - a catalyst for the Gulf’s financial
markets - traded in a narrow range ahead of what is expected to be an
exceptionally close US presidential election, after rising more than 2% in the
previous session as OPEC+ delayed plans to hike production in December.

The Qatari benchmark index added 0.1%, helped by a 0.4% rise in Qatar
Islamic Bank.

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