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Reuters

Gulf markets mixed in early trade;

U.S inflation data in focus

Jun 24, 2024 at 8:15 am GMT

By Md Manzer Hussain

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 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 dropped
1.5% and Dubai Islamic Bank DISB.DU slid 1%.

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

Saudi Arabia's benchmark stock index .TASI was up 0.1%, lifted by gains in finance and industry
stocks. Saudi National Bank 1180.SE, the kingdom's largest lender, rose 1.9% and ADES Holding

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