Page 68 - SALIK PR REPORT - MARCH 2024

largest lender, rising 0.7% and Qatar Gas Transport (QGTS.QA), opens new tab adding
3%.
Advertisement · Scroll to continue

In Abu Dhabi, the benchmark index (.FTFADGI), opens new tab rose 0.1%, helped by a
1.4% increase in Aldar Properties (ALDAR.AD), opens new tab and a 4.6% surge in
ADNOC Drilling (ADNOCDRILL.AD), opens new tab.
Saudi Arabia's benchmark index (.TASI), opens new tab was up marginally with ACWA
Power (2082.SE), opens new tab rising 5.9% and Saudi Arabian Mining (1211.SE),
opens new tab gaining 2.5%.

However, oil major Saudi Aramco (2222.SE), opens new tab and the kingdom's largest
lender Saudi National Bank (1180.SE), opens new tab slipped 2.5% and 2.0%
respectively.

Most Gulf currencies are pegged to the dollar, and any monetary policy change in the
United States is usually mimicked by Saudi Arabia, the United Arab Emirates and Qatar.
Outside the Gulf, Egypt's blue-chip index (.EGX30), opens new tab rose 1%, ending its
two sessions of losses with almost all sectors in the green.

Commercial International Bank (COMI.CA), opens new tab gained 2.7% and El Sewedy
Electric (SWDY.CA), opens new tab advanced 2.7%.

SAUDI ARABIA (.TASI) rose 0.04% to 12,729

KUWAIT (.BKP) fell 0.3% to 8,149

QATAR (.QSI) gained 0.6% to 10,256

EGYPT (.EGX30) added 1% to 31,316

BAHRAIN (.BAX) gained 0.2% to 2,047

OMAN (.MSX30) added 0.6% to 4,786

ABU DHABI (.FTFADGI) up 0.1% to 9,255

DUBAI (.DFMGI) rose 0.7% to 4,290

Advertisement · Scroll to continue
Report this ad
The Reuters Daily Briefing newsletter provides all the news you need to start your
day. Sign up here.

Reporting by Md Manzer Hussain; Editing by Shailesh Kuber

https://www.reuters.com/world/middle-east/gulf-markets-rise-higher-oil-prices-us-data-focus-
2024-03-14/