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Gulf markets mixed in early trade;

U.S inflation data in focus

By Md Manzer Hussain
June 24, 202412:23 PM GMT+4Updated 2 days ago

An investor walks through the Dubai Financial Market after Joe Biden won the U.S. presidency, in Dubai, United Arab
Emirates November 8, 2020. REUTERS/Christopher Pike/File Photo Purchase Licensing Rights, opens new tab

June 24 (Reuters) - Stock markets in the Gulf put a mixed performance in early trading
on Monday, as investors awaited a key U.S. inflation reading and comments from the
Federal Reserve officials this week.

Dubai's benchmark stock index (.DFMGI), opens new tab retreated from the previous
session's gains and slipped 0.5%, with most sectors in the red. The blue-chip developer
Emaar Properties (EMAR.DU), opens new tab dropped 1.5% and Dubai Islamic
Bank (DISB.DU), opens new tab slid 1%.

The Abu Dhabi benchmark index (.FTFADGI), opens new tab fell marginally, with
Emirate's largest developer Aldar Properties (ALDAR.AD), opens new tab losing 1.3%
while Multiply Group (MULTIPLY.AD), opens new tab and Alef
Education (ALEFEDT.AD), opens new tab gained 2.1% and 4.3%, respectively.

REUTERS: Gulf markets mixed in early trade; U.S inflation data in focus