Page 71 - SALIK PR REPORT - MARCH 2024

3/15/24, 9:51 AM Gulf markets rise on higher oil prices; US data in focus — TradingView News
Gulf markets rise on higher oil

prices; US data in focus

Mar 14, 202418:01 GMT+4

BRN1! +1.65% DFMGI +0.73% AU007864 −0.24% SALIK +1.98%

Most stock markets in the Gulf rose on Thursday in line with global peers and

firmer oil prices, while investors awaited a raft of economic data, ahead of
the Federal Reserve's meeting next week.

Oil price - a catalyst for the Gulf's financial markets- gained, supported by

strong U.S. demand outlook, and heightened geopolitical risk, with Brent

BRN1! rising 0.9% to $84.76 a barrel by 1418 GMT.

Dubai's benchmark index DFMGI advanced 0.7%, supported by gains in

almost all sectors with Emirates NBD AU007864 , the Emirate's largest

lender, and tolls operator Salik Company SALIK both rising 2%.

Dubai's Parkin, which oversees public parking operations in the Emirates, has

raised 1.57 billion dirhams ($427.5 million) after pricing its IPO at the top of

its range at 2.1 dirhams per share. Parkin is expected to start trading on
March 21.

The Qatari benchmark index GNRI was up 0.6%, lifted by gains in almost

all sectors with Qatar National Bank QNBK , the region's largest lender,

rising 0.7% and Qatar Gas Transport QGTS adding 3%.

In Abu Dhabi, the benchmark index FADGI rose 0.1%, helped by a 1.4%

increase in Aldar Properties ALDAR and a 4.6% surge in ADNOC Drilling

ADNOCDRILL .

https://www.tradingview.com/news/reuters.com,2024:newsml_L3N3FS2WJ:0-gulf-markets-rise-on-higher-oil-prices-us-data-in-focus/ 1/2