Page 48 - SALIK PR REPORT JANUARY 2024

1/23/24, 2:29 PM Mideast Stocks: Gulf markets rise on higher oil prices, Abu Dhabi falls

The Qatari index rose 0.8%, snapping its four-session losing streak, aided by gains in all sectors, with

Qatar Islamic Bank surging 2.7% and Industries Qatar climbing 1.3%.

Dubai's benchmark index dipped slightly to trade flat. Losses in financial and utilities sectors offset the
gains in industrials. Emaar Properties and Dubai Electricity and Water Authority declined 1.8% and 1.2%
respectively while tolls operator Salik Co gained 2.3%.

In Abu Dhabi, the benchmark index was down for a seventh straight session, ending 0.3% lower,

weighed down by a 0.5% loss in conglomerate International Holding Co and 0.4% drop in UAE's largest
lender First Abu Dhabi Bank.

Outside the Gulf, Egypt's blue-chip index rose for a third consecutive session and ended 1.2% higher,
with Commercial International Bank gaining 2.8% and Misr Fertilizers Production Co surging 10.1%.

SAUDI ARABIA rose 0.9% to 12,110

KUWAIT added 0.4% to 7,983
QATAR was up 0.8% to 10,370
EGYPT added 1.2% to 28,050
BAHRAIN up 0.1% to 1,994

OMAN gained 0.1% to 4,607
ABU DHABI lost 0.3% to 9,680
DUBAI ended flat at 4,081

(Reporting by Md Manzer Hussain. Editing by Jane Merriman)

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