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3/27/24, 10:13 AM MIDEAST STOCKS-Gulf bourses mixed in early trade | Nasdaq
MIDEAST STOCKS-Gulf bourses mixed in early trade

Credit: REUTERS/CHRISTOPHER PIKE
March 26, 2024 — 04:19 am EDT
Written by Md Manzer Hussain for Reuters ->

By Md Manzer Hussain
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 advanced 0.2%, supported by gains in most sectors,
with Saudi Awwal Bank 1060.SE rising 1.5% and Mouwasat Medical 4002.SE up 6%.

Among other gainers, Seera Group 1810.SE 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 .FTFADGI was up 0.1%, with Abu Dhabi National Energy
Co TAQA.AD gaining 1.5% and the UAE's largest lender First Abu Dhabi Bank FAB.AD 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.DU climbing 1.1% and Dubai Islamic Bank DISB.DU adding 0.5%.
The Qatari benchmark index .QSI eased 0.2%, weighed down by losses in most sectors, with Masraf
Al Rayan MARK.QA dropping 4.7% and Qatar Navigation QNNC.QA sliding 1.1%.

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

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