Page 265 - ALEF EDUCATION PR REPORT - JUNE 2024

Maritime and logistics firm Qatar Navigation (QNNC.QA), opens new tab climbed 5.8%,

while petrochemicals and fertilizers conglomerate Industries Qatar (IQCD.QA), opens
new tab advanced 1.4%.

Meanwhile, energy giant QatarEnergy and Exxon Mobil(XOM.N), opens new tab,
owners of a $10-billion LNG project that has stalled with the bankruptcy of its main

contractor, are asking a court to immediately oust Zachry Industrial from the project.

The Abu Dhabi benchmark index (.FTFADGI), opens new tab slipped 0.2%, dragged
down by a 1.3% drop in conglomerate International Holding Co (IHC.AD), opens new
tab and a 2.6% fall in Alef Education (ALEFEDT.AD), opens new tab.

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First Abu Dhabi Bank (FAB.AD), opens new tab, the UAE's largest lender, and Abu
Dhabi Islamic Bank (ADIB.AD), opens new tab, gained 2.4% and 2.6%, respectively.

Dubai's benchmark stock index (.DFMGI), opens new tab fell marginally after three
straight sessions of gains, with business park operator Tecom Group (TECOM.DU),
opens new tab down 3.2% and Dubai Islamic Bank (DISB.DU), opens new tab up 2%.

Investors are waiting for comments from U.S. central bank officials to get fresh cues as

to when the Fed would start its policy easing cycle. Traders currently see a 66%
chance of an interest rate cut by the Fed in September.

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00:04Girl burned by Israeli shelling among many Gaza wounded

Most Gulf currencies are pegged to the dollar and any U.S. monetary policy changes
are usually followed by Saudi Arabia, the United Arab Emirates and Qatar.

Markets in Saudi Arabia, Oman and Egypt are closed for a holiday break.

KUWAIT (.BKP) added 0.4% to 7,654

QATAR (.QSI) gained 0.2% to 9,702

BAHRAIN (.BAX) ended flat at 2,042

ABU DHABI (.FTFADGI) fell 0.2% to 8,950

DUBAI (.DFMGI) ended flat at 3,987

https://www.reuters.com/world/middle-east/gulf-shares-end-mixed-us-fed-officials-comments-
focus-2024-06-20/