Page 51 - SALIK PR REPORT - MARCH 2024

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

Most Gulf bourses dip in early trade; Dubai gains XM TV

Mar 25, 2024 at 8:27 am GMT Watch Now

Latest News

By Md Manzer Hussain Reuters - 7 minutes ago
March 25 (Reuters) -Most stock markets in the Gulf were down in early trade on Monday, tracking Asian peers lower Asian stocks climb, currencies stea
ahead of U.S. inflation data later this week. uncertain rate-cut timeline
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.SE falling 5.3% and Riyad Bank 1010.SE down 2.4%.
Al Rajhi Bank 1120.SE fell 1.4% as the world's largest Islamic lender was trading ex-dividend.
Reuters - 15 minutes ago
The Qatari benchmark index .QSI retreated 0.4%, weighed down by losses in most stocks, including Gulf International
Services GISS.QA, which fell 1.6%, and a 0.6% decline in the region's largest lender Qatar National Bank QNBK.QA. China stocks edge lower as yuan e
In Abu Dhabi, the benchmark stock index .FTFADGI eased 0.1%, with Abu Dhabi National Oil Co for property sector in focus
Distribution ADNOCDIST.AD down 1.0% and conglomerate International Holding Co IHC.AD 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.DU gained 1.4% and Mashreqbank MASB.DU was up 4.7%.
However, the emirate's largest lender Emirates NBD ENBD.DU lost 0.9%. Reuters - 21 minutes ago
The main data event of the week will be U.S. core personal consumption expenditure (PCE) price index on Friday which Ping An and Vanke look made for e
is seen rising 0.3% in February, keeping the annual pace at 2.8%. Anything higher would be taken as a setback to hopes
for a Federal Reserve rate cut in June.
Reuters - 25 minutes ago
Most Gulf currencies are pegged to the dollar.
Italy - Factors to watch on March 26
E A A B I
Reporting by Md Manzer Hussain; Editing by Shounak Dasgupta
Reuters - 25 minutes ago
India's HG Infra rises after consortiu
$64 mln solar project

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content availa
or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Condi
(ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of o
Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant le
risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as con
– financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial
instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites conta
this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as
investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to pr
the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure th
have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accesse

https://www.xm.com/au/research/markets/stocks/reuters/most-gulf-bourses-dip-in-early-trade-dubai-gains-53798328 1/1