Page 72 - SALIK PR REPORT - MARCH 2024

3/15/24, 9:51 AM Gulf markets rise on higher oil prices; US data in focus — TradingView News
Saudi Arabia's benchmark index TASI was up marginally with ACWA Power

2082 rising 5.9% and Saudi Arabian Mining 1211 gaining 2.5%.

However, oil major Saudi Aramco 63WB and the kingdom's largest lender
Saudi National Bank 1180 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 rose 1%, ending its two

sessions of losses with almost all sectors in the green.

Commercial International Bank COMI gained 2.7% and El Sewedy Electric

SWDY advanced 2.7%.

SAUDI ARABIA TASI rose 0.04% to 12,729

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

QATAR GNRI gained 0.6% to 10,256

EGYPT EGX30 added 1% to 31,316

BAHRAIN BHBX gained 0.2% to 2,047

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

ABU DHABI FADGI up 0.1% to 9,255

DUBAI DFMGI rose 0.7% to 4,290

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