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10/17/24, 2:22 PM Mideast Stocks: Major Gulf markets gain ahead of earnings; regional conflict, oil limit gains
The Egyptian Exchange bell is seen at the stock exchange in Cairo, Egypt February 6, 2018. Image used for illustrative purpose.Amr
Abdallah Dalsh
EQUITIES
Mideast Stocks: Major Gulf markets gain ahead of
earnings; regional conflict, oil limit gains
Saudi Arabia's benchmark index gained 0.3%
Ateeq Shariff, Reuters News
October 16, 2024
Major stock markets in the Gulf rose in early trade on Wednesday as investors braced for third-quarter
earnings, although regional conflict and softening oil prices limited gains.
Saudi Arabia's benchmark index .TASI gained 0.3%, with aluminium products manufacturer Al Taiseer
Group 4143.SE rising 0.6% and Al Rajhi Bank 1120.SE adding 0.7%.
Among other gainers, Arabian Internet And Communications Services 7202.SE advanced 1.6% after the
firm signed a 309.7 million riyals ($82.49 million) contract with Saudi Telecom Company (STC) 7010.SE.
STC shares eased 0.2%.
https://www.zawya.com/en/markets/equities/mideast-stocks-major-gulf-markets-gain-ahead-of-earnings-regional-conflict-oil-limit-gains-obp569db 1/2
