Page 33 - SALIK PR REPORT - MARCH 2024

In Abu Dhabi, the benchmark stock index (.FTFADGI), opens new tab was up 0.1%, with
Abu Dhabi National Energy Co (TAQA.AD), opens new tab gaining 1.5% and the UAE's
largest lender First Abu Dhabi Bank (FAB.AD), opens new tab adding 0.7%.
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Dubai's benchmark stock index (.DFMGI), opens new tab edged up 0.1%, aided by gains
in industry, finance, consumer discretionary and real estate sectors, with tolls operator
Salik Company (SALIK.DU), opens new tab climbing 1.1% and Dubai Islamic
Bank (DISB.DU), opens new tab adding 0.5%.

The Qatari benchmark index (.QSI), opens new tab eased 0.2%, weighed down by losses
in most sectors, with Masraf Al Rayan (MARK.QA), opens new tab dropping 4.7% and
Qatar Navigation (QNNC.QA), opens new tab sliding 1.1%.

00:24Dow, S&P fall for third straight session
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However, Qatar National Bank, the region's largest lender, gained 0.8%.

The crucial February reading of the Personal Consumption Expenditures (PCE) price
index, the Fed's preferred inflation gauge, is due on Friday. A hot reading for the PCE
index could dent market optimism around early rate cuts.

Most Gulf currencies are pegged to the dollar, and any U.S. monetary policy change is

usually mimicked by Saudi Arabia, the United Arab Emirates and Qatar.

https://www.reuters.com/markets/gulf-bourses-mixed-early-trade-2024-03-26/