Page 47 - SALIK PR REPORT - MARCH 2024

3/26/24, 9:28 AM Most Gulf bourses dip in early trade; Dubai gains — TradingView News
Most Gulf bourses dip in early

trade; Dubai gains

Mar 25, 202412:27 GMT+4

TASI −1.09% 4250 −2.95% 1010 −4.85% 1120 −3.51%

Most stock markets in the Gulf were down in early trade on Monday, tracking

Asian peers lower ahead of U.S. inflation data later this week.

Saudi Arabia's benchmark stock index TASI fell 0.4%, dragged down by
losses in most sectors, with real estate company Jabal Omar Development

4250 falling 5.3% and Riyad Bank 1010 down 2.4%.

Al Rajhi Bank 1120 fell 1.4% as the world's largest Islamic lender was

trading ex-dividend.

The Qatari benchmark index GNRI retreated 0.4%, weighed down by losses

in most stocks, including Gulf International Services GISS , which fell 1.6%,

and a 0.6% decline in the region's largest lender Qatar National Bank QNBK

.

In Abu Dhabi, the benchmark stock index FADGI eased 0.1%, with Abu
Dhabi National Oil Co for Distribution ADNOCDIST down 1.0% and

conglomerate International Holding Co IHC shedding 0.1%.

Dubai's benchmark stock index DFMGI rose 0.3%, lifted by gains in industry,

finance and communication services sectors. Toll-road operator Salik Co

SALIK gained 1.4% and Mashreqbank MASQ was up 4.7%.

However, the emirate's largest lender Emirates NBD AU007864 lost 0.9%.

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