Page 97 - AAE GENERAL REPORT - March 2024
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4/3/24, 8:58 AM Mideast Stocks: Gulf bourses drop ahead of US inflation data; Egypt extends losses
Electronic boards displaying stock information are seen as investors look on on the floor of the ADX Abu Dhabi Securities
Exchange stock market. Image used for illustrative purpose, Stringer, Reuters.
EQUITIES
Mideast Stocks: Gulf bourses drop ahead of
US inflation data; Egypt extends losses
Saudi Arabia's benchmark index fell 0.3%
Md Manzer Hussain, Reuters News
March 29, 2024
Stock markets in the Gulf declined on Thursday, as investors awaited key inflation data
due on Friday to assess the likely path of interest rates from the U.S. Federal Reserve.
Saudi Arabia's benchmark index fell 0.3% with most sectors in the red and logged a 2.1%
loss for the week.
Al Rajhi Bank, the world's largest Islamic lender, slipped 1.4% and Saudi Research and
Media Group slumped 10%, the steepest drop in more than six years after the media firm
https://www.zawya.com/en/markets/equities/mideast-stocks-gulf-bourses-drop-ahead-of-us-inflation-data-egypt-extends-losses-leifchse 1/3
