Page 57 - SALIK PR REPORT MAY 2024

5/23/24, 1:23 PM Mideast Stocks: Most major Gulf bourses drop, Abu Dhabi hits two-year low
Most Gulf currencies are pegged to the dollar and any U.S. monetary policy change is usually followed
by Saudi Arabia, the United Arab Emirates and Qatar. Outside the Gulf, Egypt's blue-chip index was
steady, with Abu Qir Fertilizers down 2.9%, while Edita Food Industries climbed 7% after the snack food
maker reported a 27% rise in first quarterly net profit.

SAUDI ARABIA was up 0.3% to 12,157
KUWAIT added 0.1% to 7,799
QATAR fell 0.1% to 9,708
EGYPT ended flat at 27,227

BAHRAIN ended flat at 2,016
OMAN added 0.6% to 4,807
ABU DHABI lost 0.4% to 8,973
DUBAI dropped 0.4% to 4,058

(Reporting by Md Manzer Hussain. Editing by Jane Merriman)

RELATED TOPICS

UAE MIDDLE OMAN QATAR EGYPT BAHRAIN SAUDI MARKETS EQUITIES
EAST ARABIA

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