Page 32 - SALIK PR REPORT - MARCH 2024
P. 32
Gulf bourses mixed in early trade
By Md Manzer Hussain
March 26, 202412:22 PM GMT+4Updated a day ago
Electronic boards showing stock information are pictured at the stock market, in Dubai, United Arab Emirates,
November 5, 2020. REUTERS/Abdel Hadi Ramahi/File Photo Purchase Licensing Rights, opens new tab
March 26 (Reuters) - Stock markets in the Gulf put in a mixed performance in early
trade on Tuesday, as investors assessed the likely path of interest rates from the U.S.
Federal Reserve ahead of key inflation data due later in the week.
Saudi Arabia's benchmark stock index (.TASI), opens new tab advanced 0.2%,
supported by gains in most sectors, with Saudi Awwal Bank (1060.SE), opens new
tab rising 1.5% and Mouwasat Medical (4002.SE), opens new tab up 6%.
Among other gainers, Seera Group (1810.SE), opens new tab climbed 4.3%, the sharpest
intraday rise in more than two months.
Advertisement · Scroll to continue
The hospitality and travel services provider Seera posted a full-year net profit of 265
million riyals ($70.66 million) compared with a loss of 46 million riyals a year earlier,
recording strong booking volumes and revenues.
https://www.reuters.com/markets/gulf-bourses-mixed-early-trade-2024-03-26/
