Page 101 - AAE GENERAL REPORT - March 2024

4/3/24, 8:58 AM Mideast Stocks: Gulf bourses rise in early trade on higher oil prices
Saudi Arabia's benchmark stock index advanced 0.6%, lifted by gains in most sectors,
with Bupa Arabia for Cooperative Insurance surging 5.2% and ACWA Power rising 2%.

ADVERTISING

Among other gainers, Saudi National Bank climbed 4%, after the Kingdom's largest lender

appointed a new chief executive, replacing the acting CEO.

The Qatari benchmark index rose 0.4%, with most sectors trading in positive territory.

Qatar National Bank, the region's largest lender, gained 0.6% and Qatar Islamic Bank rose

0.7%.

Dubai's benchmark stock index edged up 0.2%, helped by a 0.6% gain in blue-chip
developer Emaar Properties and a 1.2% rise in the Emirate's largest lender, Emirates NBD

.

However, Al Ansari Financial Services slid 1.9%, its sharpest percentage intraday fall in
more than two months, while National Central Cooling slipped 3.6% as both firms traded

ex-dividend.

https://www.zawya.com/en/markets/equities/mideast-stocks-gulf-bourses-rise-in-early-trade-on-higher-oil-prices-dqz9m911 2/3