Page 70 - SALIK PR REPORT SEPTEMBER 2024

9/25/24, 10:40 AM Most Gulf markets gain in line with oil, Asian shares - Markets - Business Recorder
China’s central bank unveiled its biggest stimulus since the pandemic to pull the economy

out of its deflationary funk and back towards the government’s growth target, but analysts
warned more fiscal help was vital to hit these goals.

Saudi Arabia’s benchmark index advanced 0.7%, with aluminium products manufacturer
Al Taiseer Group rising 0.9%.

Elsewhere, oil giant Saudi Aramco gained 0.4%.

Most Gulf markets extend gains on rate cuts; regional tensions weigh

Dubai’s main share index added 0.6%, with toll operator Salik Co jumping 3.5%.

In Abu Dhabi, the index edged 0.1% higher.

Israel’s military said on Tuesday it struck dozens of Hezbollah targets in southern Lebanon

overnight, a day after it launched a wave of airstrikes against the Iran-backed group’s sites
in Lebanon’s deadliest day in decades.

Hezbollah on Tuesday morning said it had attacked several Israeli military targets,

including an explosives factory 60 km (37 miles) into Israel, with the Fadi series of rockets.

The Qatari benchmark fell 0.2%, hit by a 0.3% fall in the Gulf’s biggest lender Qatar

National Bank.

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