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3/27/24, 10:13 AM Gulf bourses mixed in early trade — TradingView News
Gulf bourses mixed in early

trade

Mar 26, 202412:19 GMT+4

TASI −0.56% 1060 +0.73% 4002 +8.24% 1810 −2.04%

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 advanced 0.2%, supported by

gains in most sectors, with Saudi Awwal Bank 1060 rising 1.5% and Mouwasat

Medical 4002 up 6%.

Among other gainers, Seera Group 1810 climbed 4.3%, the sharpest intraday

rise in more than two months.

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.

In Abu Dhabi, the benchmark stock index FADGI was up 0.1%, with Abu Dhabi
National Energy Co 35ZV gaining 1.5% and the UAE's largest lender First Abu

Dhabi Bank 10RJ adding 0.7%.

Dubai's benchmark stock index DFMGI edged up 0.1%, aided by gains in

industry, finance, consumer discretionary and real estate sectors, with tolls

operator Salik Company SALIK climbing 1.1% and Dubai Islamic Bank DIB

adding 0.5%.

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