Page 9 - UP GENERAL REPORT - OCTOBER 2025

10/30/25, 10:47 AM Mideast Stocks: Most Gulf bourses rise on higher oil prices; Fed's meeting in focus
Saudi Arabia's benchmark stock index was up for a third day, rising 0.7% to 11,752, its highest level in six
months. Saudi National Bank, the kingdom's largest lender by assets, gained 2.3% and ADES Holding
surged 10%, its highest intraday rise in nearly three months.

Oil and gas driller ADES said it has received resumption notices for one of its offshore contracts and

several onshore contracts in Saudi Arabia.

Saudi Arabia is preparing to shift its $925 billion sovereign wealth fund from a focus on real estate
gigaprojects that have dominated its development goals for the last decade, a source with direct
knowledge of the plans told Reuters.

Dubai's benchmark stock index edged 0.3% higher, extending its gain to a second consecutive session.

Tolls operator Salik climbed 3.3% and Emirates NBD , the emirate's largest lender, added 2%. Among
other gainers, Union Properties advanced 1.3% after the developer posted a 162% year-on-year
increase in nine-month net profit on Tuesday.

The Qatari benchmark index was little changed with Qatar Islamic Bank gaining 0.7% while Estithmar
Holding slipped 1.9%. Investment holding company Estithmar reported a 20% decline in third quarter net

profit compared to previous quarter. However, its quarterly profit surged over 100% from a year earlier.

The Abu Dhabi benchmark index fell marginally, as First Abu Dhabi Bank added 1.2%, while Aldar
Properties and ADNOC Drilling lost 1.1% and 2.6% respectively.

The Fed is expected to implement a 25-basis-point rate reduction, guiding the U.S. economy with limited
economic data following nearly a month of government shutdown. Monetary policy shifts in the U.S.

have a significant impact on Gulf markets, where most currencies are pegged to the dollar.

Outside the Gulf, Egypt's blue-chip index fell 0.2% after four consecutive sessions of gains. Commercial
International Bank slipped 0.8% and E-Finance dropped 1.5%.

SAUDI ARABIA rose 0.7% to 11,752
KUWAIT added 0.8% to 9,524

QATAR ended flat at 10,928
EGYPT down 0.2% to 38,230
BAHRAIN gained 0.8% to 2,048
OMAN rose 0.8% to 5,573

ABU DHABI ended flat at 10,162
DUBAI added 0.3% to 6,089
(Reporting by Md Manzer Hussain; Editing by Shreya Biswas)

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