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Most Gulf bourses gain in early

trade; Saudi falls

Reuters
November 4, 20211:02 PM GMT+4Updated 2 years ago

An investor monitors a screen displaying stock information at the Abu Dhabi Securities Exchange June 25, 2014./File
Photo Purchase Licensing Rights, opens new tab

Nov 4 (Reuters) - Most major stock markets in the Gulf rose in early trade on Thursday,
with Dubai leading the way on the back of gains in blue-chip developer Emaar
Properties, while Saudi Arabia fell.

Dubai's main share index (.DFMGI), opens new tab gained 0.6%, hitting its highest since

mid-April 2018, led by a 2.3% rise in Emaar (EMAR.DU), opens new tab.

The Dubai Financial Market (DFM.DU), opens new tab surged more than 14%, extending
gains fuelled by the emirate's plans to launch a 2 billion dirham ($545 million) market-
maker fund and initial public offerings.

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The Dubai government plans a stock market flotation of Dubai Electricity & Water

Authority (Dewa), it said on Tuesday, among 10 state-backed companies to be listed as
part of plans to boost activity on the local bourse. read more
https://www.reuters.com/world/middle-east/most-gulf-bourses-gain-early-trade-saudi-falls-
2021-11-04/#:~:text=Nov%204%20%28Reuters%29%20-
%20Most%20major%20stock%20markets,led%20by%20a%202.3%25%20rise%20in%20Emaar
%20%28EMAR.DU%29.