Page 105 - SALIK PR REPORT OCTOBER 2024

Major Gulf markets gain ahead of

earnings; regional conflict, oil limit

gains

By Reuters
October 16, 202412:31 PM GMT+4Updated a day ago

A trader looks on near electronic boards showing stock market data at Bahrain Bourse after Joe Biden won the U.S.
presidency, in Manama, Bahrain, November 8, 2020. REUTERS/Hamad I Mohammed/File photo Purchase
Licensing Rights, opens new tab

Oct 16 (Reuters) - 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), opens new tab gained 0.3%, with aluminium
products manufacturer Al Taiseer Group (4143.SE), opens new tab rising 0.6% and Al Rajhi
Bank (1120.SE), opens new tab adding 0.7%.

Among other gainers, Arabian Internet And Communications Services (7202.SE), opens

new tab advanced 1.6% after the firm signed a 309.7 million riyals ($82.49 million)

https://www.reuters.com/world/middle-east/major-gulf-markets-gain-ahead-earnings-regional-
conflict-oil-limit-gains-2024-10-16/