Page 104 - SALIK PR REPORT OCTOBER 2024

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10/17/24, 2:22 PM Mideast Stocks: Major Gulf markets gain ahead of earnings; regional conflict, oil limit gains

Oil prices were steady after steep declines in the previous session as investors contend with uncertainty
around war in the Middle East and what it means for global supply.

Dubai's main share index .DFMGI added 0.3%, with blue-chip developer Emaar
Properties EMAR.DU and toll operator Salik SALIK.DU each gaining 0.7%.

In Abu Dhabi, the index .FTFADGI added 0.1%, helped by a 5.1% jump in Fertiglobe FERTIGLB.AD.

Fertiglobe - the largest producer of nitrogen fertilisers in the Middle East and North Africa - expects to

more than double its net ammonia production capacity as it integrates ADNOC's portfolio of low carbon
ammonia projects following the energy giant's purchase of a majority stake in the fertiliser maker on
Tuesday.

The Qatari benchmark index .QSI rose 0.3%, with Qatar Islamic Bank QISB.QA increasing 0.9%.

Qatar will hold a rare referendum for citizens to vote on a set of constitutional amendments, including a
proposal that would abandon an effort to introduce elections, its emir said on Tuesday.

($1 = 3.7542 riyals)

(Reporting by Ateeq Shariff in Bengaluru, Editing by Angus MacSwan)