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3/26/24, 9:29 AM Most Gulf bourses dip in early trade; Dubai gains - Markets - Business Recorder
Most Gulf bourses dip in early trade; Dubai gains

Reuters Published March 25, 2024

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

tracking Asian peers lower ahead of US inflation data later this week.

Saudi Arabia’s benchmark stock index fell 0.4%, dragged down by losses in most sectors,
with real estate company Jabal Omar Development falling 5.3% and Riyad Bank down

2.4%.

Al Rajhi Bank fell 1.4% as the world’s largest Islamic lender was trading ex-dividend.

The Qatari benchmark index retreated 0.4%, weighed down by losses in most stocks,

including Gulf International Services, which fell 1.6%, and a 0.6% decline in the region’s
largest lender Qatar National Bank.

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