Page 147 - AAE GENERAL REPORT - March 2024
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MIDEAST STOCKS-Major Gulf bourses
end mixed; Egypt extends slide
Credit: REUTERS/HAMAD I MOHAMMED
March 19, 2024 — 09:10 am EDT
Written by Md Manzer Hussain for Reuters ->
By Md Manzer Hussain
March 19 (Reuters) - Major stock markets in the Gulf put in a mixed performance on
Tuesday as investors turned cautious ahead of the U.S. Federal Reserve's interest rate
decision and commentary.
Saudi Arabia's benchmark index .TASI was up for a sixth straight session and ended 0.3%
higher, with ACWA Power 2082.SE rising 1.7% and oil major Saudi
Aramco 2222.SE gaining 1%.
Among other gainers, Leejam Sports 1830.SE surged 8.1%, hitting its all-time high of
243 riyal a share.
The operator of fitness centers in the Middle East and north Africa, Leejam posted a
22.9% rise in fourth-quarter net profit and raised its quarterly cash dividend by 20%.
https://www.nasdaq.com/articles/mideast-stocks-major-gulf-bourses-end-mixed-egypt-extends-
slide
