Page 111 - SALIK PR REPORT OCTOBER 2024

10/9/24, 11:18 AM Major Gulf bourses edge greater, Arabian Mills jump on debut
Major Gulf bourses edge greater, Arabian Mills jump on debut

by Logistics News updated October 8, 2024 5:03 AM

Many stock markets in the Gulf edged greater in early trade on Tuesday, recovering some of their recent losses
triggered by worries the area might be on the verge of a wider Middle East war.
Battling in the area heightened after Iran-backed Hezbollah fired rockets at Israel's third-largest city, Haifa, and
Israel looked poised to broaden its offensive into Lebanon, a. year after the Hamas attack that sparked Israel's
continuous war in. Gaza.
The decline in Gulf markets started after Iran released a. missile barrage on Israel on Oct. 1. Israel has actually
testified. strike back and is weighing its options, with Iran's oil. centers considered a possible target.
Saudi Arabia's benchmark index gained 0.3%, with. ACWA Power Co climbing up 1.8% and the country's
greatest. lending institution, Saudi National Bank, increasing 0.7%.
Somewhere Else, Arabian Mills For Food Products Co. jumped 10% to 72.6 riyals in its trading launching.
Iran's Foreign Minister Abbas Araqchi will check out Saudi. Arabia and other Middle East countries beginning
on Tuesday to. go over regional concerns and deal with stopping Israel's criminal offenses. in Gaza and
Lebanon, Iran's state media reported.
Dubai's main share index included 0.3%, supported by a. 1.7% gain in toll operator Salik Company.
In Abu Dhabi, the index was up 0.3%.
The Qatari standard rose 0.2%, led by a 0.5% rise in. the Gulf's most significant lending institution Qatar
National Bank.
(source: Reuters)

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