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Middle East
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Major Gulf markets mixed ahead of

US election

By Reuters
November 5, 202412:37 PM GMT+4Updated a day ago

Traders wait at the Bahrain Bourse after Joe Biden won the U.S. presidency, in Manama, Bahrain, November 8, 2020.
REUTERS/Hamad I Mohammed/ File Photo Purchase Licensing Rights, opens new tab
Nov 5 (Reuters) - Major stock markets in the Gulf were mixed in early trade on Tuesday as
investors took a cautious approach ahead of the U.S. presidential election, while Saudi
Aramco reported a drop in quarterly earnings.

Donald Trump and Kamala Harris both predicted victory as they campaigned across
Pennsylvania and other battleground states on Monday in the final, frantic day of an
exceptionally close U.S. presidential election.
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Saudi Arabia's benchmark index (.TASI), opens new tab dropped 0.8%, weighed down by a
1% fall in aluminium products manufacturer Al Taiseer Group (4143.SE), opens new
tab and a 0.5% decrease in Al Rajhi Bank (1120.SE), opens new tab.

Oil behemoth Saudi Aramco (2222.SE), opens new tab was down 0.6%, after reporting a
15.4% drop in third-quarter profit due to lower crude prices and weaker refining margins.

It, however, maintained its dividend at $31.1 billion for the quarter.

https://www.reuters.com/world/middle-east/major-gulf-markets-mixed-ahead-us-election-2024-
11-05/