Page 93 - SALIK PR REPORT DECEMBER 2024

12/27/24, 11:49 AM Dubai outperforms other Gulf markets in early trade - Markets - Business Recorder
Meanwhile, Dubai Islamic Insurance & Reinsurance slipped 2.3% after the insurer
reported accumulated losses at 73% of capital by the end of the third quarter.

Saudi Arabia’s benchmark stock index was up 0.2%, with most sectors in the green.

Most Gulf markets muted as concern lingers over fewer Fed rate cuts

Al Yamamah Steel Industries rose 1.8% as the steelmaker posted a full-year net profit and
declared a cash dividend of 0.5 riyal per share.

Arabian Contracting Services gained 2.3% after the advertising company signed a 563.2
million riyal contract with the Royal Commission for Riyadh City.

The Abu Dhabi benchmark index rose 0.2%, supported by a 1% increase in Emirates
Telecom and a 0.7% gain in conglomerate Alpha Dhabi Holding.

Abu Dhabi Ports, however, slid 1.4%.

The port operator said on Wednesday it had completed the integration of Noatum Group’s
assets into its existing business structure.

The Qatari benchmark index eased 0.2%, weighed down by a 0.7% drop in Qatar Islamic
Bank and a 0.5% loss in Qatar Gas Transport.

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