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8/13/24, 11:18 AM Mideast Stocks: Most Gulf markets gain ahead of US data
Image used for illustrative purpose. A trader monitors stocks at a Saudi Bank in Dammam. Stringer, Reuters
EQUITIES
Mideast Stocks: Most Gulf markets gain ahead of
US data
Dubai's main share index gained 0.2%, with toll operator Salik Company rising 1.5% and
blue-chip developer Emaar Properties increasing 0.6%
Ateeq Shariff, Reuters News
August 13, 2024
Most stock markets in the Gulf closed higher on Monday, in line with global shares, as investors looked
ahead to U.S. and Chinese economic data.
Investors were looking ahead to U.S. consumer price index data for July on Wednesday, which is
expected to show month-on-month inflation ticked up to 0.2% after a minus 0.1% reading in June. Retail
sales data is due on Thursday.
Monetary policy in the six-member Gulf Cooperation Council (GCC) is usually guided by the Fed's
decisions, as most regional currencies are pegged to the U.S. dollar.
Dubai's main share index <.DFMGI> gained 0.2%, with toll operator Salik Company <SALIK.DU> rising
1.5% and blue-chip developer Emaar Properties <EMAR.DU> increasing 0.6%.
https://www.zawya.com/en/markets/equities/mideast-stocks-most-gulf-markets-gain-ahead-of-us-data-y7djoy9z 1/3
