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Most Gulf markets fall in early trade; #Qatar gains | Reuters

Most Gulf markets fall in early trade; Qatar gains | Reuters Most stock markets in the Gulf fell in early trade on Monday, with the Abu Dhabi index retreating from a record high, while the Qatari index bucked the trend to trade higher.In Abu Dhabi, the index (.ADI) dropped 0.4%, a day after it reached an all-time high, pressured by a 1.1% fall in the country's largest lender First Abu Dhabi Bank (FAB.AD) and a 1.8% decline in Alpha Dhabi Holding (ALPHADHABI.AD).Aldar Properties (ALDAR.AD) on S...
Tags: Travel, Saudi Arabia, Wam, Qatar, United Arab Emirates, Dubai, Abu Dhabi, Uae, Gulf, Reuters, Aramex, Adi, Tasi, Rupert Neil Bumfrey, QSI, Al Rajhi Bank


Most Gulf bourses gain in early trade; #Saudi retreats | Reuters

Most Gulf bourses gain in early trade; Saudi retreats | Reuters Most stock markets in the Gulf rose in early trade on Sunday, with the Abu Dhabi index outperforming the region, while the Saudi index bucked the trend to trade lower.Saudi Arabia's benchmark index (.TASI) fell 0.7%, with Al Rajhi Bank (1120.SE) dropping 2.4%, on course to end a five-day winning streak.On Sunday, Al Rajhi reported a net profit of 3.79 billion riyals ($1.01 billion) for the quarter ended Sept. 30, up from 2.66 bill...
Tags: Travel, Saudi Arabia, Wam, Qatar, United Arab Emirates, Dubai, Abu Dhabi, Reuters, Aramex, Tasi, Rupert Neil Bumfrey, Al Rajhi, QSI, Al Rajhi Bank, First Abu Dhabi Bank FAB, Nakilat


#Saudi holds at 15-year high, #Qatar extends gains | Reuters

Saudi holds at 15-year high, Qatar extends gains | Reuters Saudi Arabia's stock market rose in early trade on Thursday, holding on to a 15-year high, while the Qatari index extended gains to a second session.Saudi Arabia's benchmark index (.TASI) advanced 0.2%, with Al Rajhi Bank (1120.SE) rising 0.9%, while Dr Sulaiman Al-Habib Medical Services Group (4013.SE) leapt 3.3%.Among other gainers, oil giant Saudi Aramco (2222.SE) added 0.2% after HSBC raised its target price to 38.8 riyals from 37....
Tags: Travel, Saudi Arabia, Qatar, Hsbc, Uae, Reuters, Reuters Saudi Arabia, Gulf Cooperation Council GCC, Tasi, Rupert Neil Bumfrey, QSI, Al Rajhi Bank, Dr Sulaiman Al Habib Medical Services Group


#Saudi index hits 15-year peak as most Gulf bourses gain | Reuters

Saudi index hits 15-year peak as most Gulf bourses gain | Reuters Saudi stocks scaled a more than 15-year high on Tuesday, rising for a fifth session in six and leading gains in the Gulf as crude oil prices reversed earlier losses.Oil prices recouped earlier losses as falling temperatures in China, the world's biggest energy consumer, revived concerns about its ability to meet heating demand needs amid power and coal shortages.Saudi Arabia's benchmark stock index (.TASI) rebounded 0.4%, touchi...
Tags: Travel, Saudi Arabia, China, Dubai, Abu Dhabi, Kashmir, Gulf, Reuters, Jammu, Tasi, ADNOC, Etihad Etisalat, Rupert Neil Bumfrey, QSI, Al Rajhi Bank, Masraf Al Rayan


#Saudi index hits multi-year peak as Gulf bourses end higher | Reuters

Saudi index hits multi-year peak as Gulf bourses end higher | Reuters Major stock markets in the Gulf ended higher on Sunday amid strong oil prices, with the Saudi index hitting a multi-year peak as the country eased coronavirus curbs.The kingdom is rolling back COVID-19 restrictions from Oct. 17 in response to a sharp drop in daily infections and a considerable development in vaccinations. read moreSaudi Arabia has also lifted social distancing measures and will allow full-capacity attend...
Tags: Travel, Saudi Arabia, Dubai, Mecca, Abu Dhabi, Medina, Gulf, Reuters, Reuters Major, Grand Mosque, IHC, Suhail Al Mazrouei, Tasi, Rupert Neil Bumfrey, Abu Dhabi Commercial Bank ADCB, QSI


MIDEAST STOCKS Most Gulf exchanges track oil prices higher | Reuters

MIDEAST STOCKS Most Gulf exchanges track oil prices higher | Reuters Most stock markets in the Gulf ended higher on Thursday amid rising oil prices, with oil behemoth Saudi Aramco nearing a $2 trillion valuation.Oil prices rose by about 1% after the International Energy Agency said that record natural gas prices would boost demand for oil and top oil producer Saudi Arabia dismissed calls for additional OPEC+ supply.Saudi Arabia's benchmark index (.TASI) closed 0.6% higher, with Yanbu Natio...
Tags: Travel, Europe, Saudi Arabia, Opec, Egypt, Dubai, Abu Dhabi, Uae, Gulf, Reuters, Saudi Aramco, International Energy Agency, Adi, Middle East Africa, Tasi, Rupert Neil Bumfrey


MIDEAST STOCKS #Saudi outperforms major Gulf bourses after IMF forecast | Reuters

MIDEAST STOCKS Saudi outperforms major Gulf bourses after IMF forecast | Reuters Most major stock markets in the Gulf were little changed on Wednesday, amid inflation fears, while the Saudi index outperformed the region after the International Monetary Fund raised its economic growth forecast.Investors are worried about the economic slowdown and inflation, which is proving less temporary and could entail central banks to take action earlier than expected, said Wael Makarem, senior market s...
Tags: Travel, Saudi Arabia, Dubai, International Monetary Fund, Abu Dhabi, Imf, Gulf, Reuters, DP World, Emaar, Tasi, Rupert Neil Bumfrey, Industries Qatar, QSI, Gulf Egypt, Abu Dhabi Securities Exchange ADX


MIDEAST STOCKS Major Gulf bourses end mixed; ACWA Power surges on debut | Reuters

MIDEAST STOCKS Major Gulf bourses end mixed; ACWA Power surges on debut | Reuters Major stock markets in the Gulf ended mixed on Monday, with the Saudi index extending losses from the previous session.Saudi Arabia's benchmark index (.TASI) dropped 0.5%, with Dr Sulaiman Al-Habib Medical Services (4013.SE) declining 1.1%, while Al Rajhi Bank (1120.SE) was down 0.2%.The Saudi stock market fell as traders took profits after the main index reached a new interim high, said Wael Makarem, senior ...
Tags: Travel, Saudi Arabia, Qatar, Dubai, Abu Dhabi, Gulf, Reuters, Saudi Aramco, ACWA Power, Reuters Major, QNB, Tasi, Rupert Neil Bumfrey, QSI, Qatar National Bank QNB, Al Rajhi Bank


MIDEAST STOCKS #Saudi snaps 4-day winning streak as Gulf bourses end mixed | Reuters

MIDEAST STOCKS Saudi snaps 4-day winning streak as Gulf bourses end mixed | Reuters Major stock markets in the Gulf ended mixed on Sunday, with the Saudi index giving up early gains to close 0.2% lower, snapping a four-session winning streak.On Saudi Arabia's benchmark index (.TASI), Saudi Telecom Company (7010.SE) fell 1.3%, while SABIC Agri-Nutrients Co (2020.SE) retreated 2.2%.Among other losers, Almarai (2280.SE) declined 2.2% after the Gulf's largest dairy company reported a quarterly...
Tags: Travel, Saudi Arabia, Egypt, Dubai, Abu Dhabi, Cbre, Gulf, Reuters, Adi, Reuters Major, IHC, Qatar National Bank, CBRE Group, Rupert Neil Bumfrey, QSI, Gulf Egypt


MIDEAST STOCKS Major Gulf bourses mixed in early trade | Reuters

MIDEAST STOCKS Major Gulf bourses mixed in early trade | Reuters Major stock markets in the Gulf were mixed in early trade on Sunday, with the Saudi Index outperforming the region amid rising oil prices.Oil rose on Friday, gaining about 4% on the week as a global energy crunch boosted U.S. prices to their highest in almost seven years, with big power users struggling to meet demand. read moreSaudi Arabia's benchmark index (.TASI) gained 0.6%, led by a 3.4% rise in Al Rajhi Bank (1120.SE) and 1...
Tags: Travel, United Arab Emirates, Dubai, Abu Dhabi, Gulf, Reuters, Reuters Major, IHC, CBRE Group, Tasi, Rupert Neil Bumfrey, QSI, Al Rajhi Bank, Emaar Properties EMAR, Commercial Bank COMB QA, Alpha Dhabi Holding ALPHADHABI


MIDEAST STOCKS Most Gulf bourses end higher; #Qatar falls | Reuters

MIDEAST STOCKS Most Gulf bourses end higher; Qatar falls | Reuters Most stock markets in the Gulf ended higher on Thursday, in line with global equities, although the Qatari index bucked the trend to close lower.World stock markets got their foot back on the gas as hopes grew that Washington could resolve its debt-ceiling squabbles and a global drop in energy prices tempered deepening fears of "stagflation".Saudi Arabia's benchmark index (.TASI) added 0.2%, helped by a 0.9% gain in Al Rajh...
Tags: Travel, Washington, Saudi Arabia, Qatar, Iran, United Arab Emirates, Dubai, Abu Dhabi, Beirut, Cbre, Gulf, Reuters, Riyadh, U S Federal Reserve, Adi, Hossein Amirabdollahian


MIDEAST STOCKS #Saudi index leads mixed markets with 14-year high | Reuters

Stock markets in the Gulf region ended mixed on Tuesday, though the Saudi bourse rose to its highest in nearly 14 years on the back of stronger oil prices."The cautious atmosphere among investors has pushed the GCC stock markets in different directions. The economic slowdown and the strong inflation remain the main points of concern," said Wael Makarem, senior market strategist at Exness.Saudi Arabia's benchmark index (.TASI) finished 0.8% higher, with Al Rajhi Bank (1120.SE) rising 2.2%, wh...
Tags: Travel, Energy, Opec, GCC, Middle East, United Arab Emirates, Abu Dhabi, Gulf, Reuters, Tasi, Rupert Neil Bumfrey, QSI, Al Rajhi Bank, Gulf Egypt, First Abu Dhabi Bank, Emirates Integrated Telecommunications Du


MIDEAST STOCKS Major Gulf bourses mixed in early trade | Reuters

MIDEAST STOCKS Major Gulf bourses mixed in early trade | Reuters Major stock markets in the Gulf delivered a mixed performance early on Tuesday, with the Saudi index outperforming the region as oil prices rose.Saudi Arabia's benchmark index (.TASI) gained 0.4%, with Al Rajhi Bank (1120.SE) gaining 1.3% and Saudi Aramco (2222.SE), the world's largest oil exporter, up 1.2%.Aramco will complete its 1 million barrel per day (bpd) oil output expansion project by 2027 to bring its total production t...
Tags: Travel, Saudi Arabia, Middle East, United Arab Emirates, Dubai, Abu Dhabi, Gulf, Reuters, Aramco, Adi, Reuters Major, Tasi, Rupert Neil Bumfrey, Industries Qatar, QSI, Al Rajhi Bank


MIDEAST STOCKS Major Gulf bourses end mixed as global recovery concerns weigh | Reuters

MIDEAST STOCKS Major Gulf bourses end mixed as global recovery concerns weigh | Reuters Major stock markets in the Gulf region ended mixed on Monday, amid concerns about a recovery in the global economy, although rising oil prices provided some support.GCC stock markets moved in different directions as investors remain worried about the global economic slowdown and how more durable inflation will have an impact on monetary policy, said Wael Makarem, senior market strategist at Exness.World...
Tags: Travel, China, Opec, GCC, Oman, Abu Dhabi, Gulf, Reuters, Reuters Major, Qatar National Bank, Emaar, Tasi, Rupert Neil Bumfrey, QSI, Al Rajhi Bank, Gulf Egypt


MIDEAST STOCKS Major Gulf bourses mixed in early trade | Reuters

MIDEAST STOCKS Major Gulf bourses mixed in early trade | Reuters Major stock markets in the Gulf traded mixed early on Sunday, with the Saudi index on course to end five sessions of gains.Saudi Arabia's benchmark index (.TASI) fell 0.2%, hit by a 3.2% fall in Saudi Telecom Company (STC) shares (7010.SE) and a 0.3% decrease in Al Rajhi Bank (1120.SE).Saudi Arabia's Public Investment Fund, the country's sovereign wealth fund, is considering selling part of its 70% stake in STC while retaining ma...
Tags: Travel, Saudi Arabia, Qatar, United Arab Emirates, Dubai, International Monetary Fund, Abu Dhabi, Gulf, Reuters, Reuters Major, STC, Tasi, ADNOC, Rupert Neil Bumfrey, QSI, Saudi Telecom Company STC


MIDEAST STOCKS Banks boost most Gulf shares; #AbuDhabi dips | Reuters

Jumps in financial shares helped most stock markets in the Gulf close higher on Thursday, with indexes heading for a quarterly gain, although the Abu Dhabi benchmark bucked the trend to end lower for the day.The GCC has outperformed on the back of oil price strength. There might be a concerning signal in the last month's weakness in non-commodity sectors in Saudi, said Hasnain Malik of TellimerThe most value and potential for recovery in the region is seen in Dubai, he said.Saudi Arabia's be...
Tags: Travel, Saudi Arabia, Qatar, GCC, Dubai, Abu Dhabi, Gulf, Reuters, Tasi, EFG Hermes, Rupert Neil Bumfrey, Industries Qatar, Abu Dhabi Commercial Bank ADCB, QSI, Abudhabi, Al Rajhi Bank


MIDEAST STOCKS Most major Gulf markets firm as Aramco leads #Saudi higher | Reuters

Major stock markets in the Gulf ended higher on Tuesday, buoyed by rising oil prices on brighter demand outlook, while Aramco boosted Saudi gains.Oil markets climbed for a sixth day on Tuesday, also boosted by a tighter supply, but power shortages in China which hit factory output tempered the rally. read moreBrent crude futures gained 67 cents, or 0.8%, to $80.20 a barrel at 1016 GMT, after reaching their highest level since October 2018 at $80.75.Demand for oil will grow sharply in the nex...
Tags: Travel, Saudi Arabia, China, Opec, Qatar, Egypt, Dubai, Abu Dhabi, Gulf, Reuters, Aramco, Tasi, Rupert Neil Bumfrey, Saudi Basic Industries, QSI, Gulf Egypt


MIDEAST STOCKS Most Gulf bourses rise as oil prices gain on tight supply | Reuters

MIDEAST STOCKS Most Gulf bourses rise as oil prices gain on tight supply | Reuters Most stock markets in the Gulf rose on Thursday as oil prices gained on growing fuel demand and a bigger-than-expected draw in U.S. crude inventories, although the Abu Dhabi index bucked the trend to trade lower.The oil market was also supported by a return of appetite for risk assets as concerns eased over a potential default by property developer China Evergrande (3333.HK) and its possible fallout on the world...
Tags: Travel, China, Wam, United Arab Emirates, Dubai, Abu Dhabi, Gulf, Reuters, Adi, DAMAC Properties, Rupert Neil Bumfrey, Industries Qatar, QSI, Reuters Most, China Evergrande, Emaar Properties EMAR


MIDEAST STOCKS Most Gulf bourses in the red; #AbuDhabi edges up | Reuters

MIDEAST STOCKS Most Gulf bourses in the red; Abu Dhabi edges up | Reuters Most stock markets in the Gulf ended lower on Tuesday, extending losses from the previous session, amid concerns about contagion from the distress of debt-saddled Chinese developer Evergrande.The Chinese government is expected to step in to prevent any large shocks related to Evergrande, while worries about the economic slowdown and pandemic linger, said Wael Makarem, senior market strategist at Exness.Dubai's main s...
Tags: Travel, Saudi Arabia, Qatar, Abu Dhabi, Gulf, Reuters, Red Sea, IHC, Evergrande, Tasi, Rupert Neil Bumfrey, QSI, Gulf Egypt, Commercial International Bank COMI, Emaar Properties EMAR, Mesaieed Petrochemical MPHC


MIDEAST STOCKS Most Gulf indexes extend losses in line with Asian stocks | Reuters

MIDEAST STOCKS Most Gulf indexes extend losses in line with Asian stocks | Reuters Most stock markets in the Gulf region fell in ealry trade on Tuesday, extending losses from the previous session, mirroring weakness in Asian shares.Asian stocks struggled for traction in the wake of a sell-off that has shattered months of uneasy calm, as fears of contagion from the distress of debt-saddled developer China Evergrande triggered a global flight from risky assets.Saudi Arabia's benchmark index (.TA...
Tags: Travel, Saudi Arabia, Dubai, Abu Dhabi, Gulf, Reuters, Tasi, Rupert Neil Bumfrey, QSI, Al Rajhi Bank, Reuters Most, China Evergrande, DFMGI, Emaar Properties EMAR DU, Emirates NBD Bank, Mesaieed Petrochemical MPHC


MIDEAST STOCKS Most Gulf bourses decline as lower oil prices weigh | Reuters

MIDEAST STOCKS Most Gulf bourses decline as lower oil prices weigh | Reuters Dubai led declines among stock markets in the Gulf on Monday, as sentiment was weighed by a fall in global equities and oil prices.Global shares skidded as investors fretted about the spillover risk to the global economy from property group China Evergrande's troubles, while eyeing a week packed with global central bank meetings. read moreDubai's main share index (.DFMGI) retreated 1.2%, as most of the stocks on t...
Tags: Travel, Asia, Saudi Arabia, Global, Dubai, Abu Dhabi, Gulf, Reuters, Adi, Saudi Basic Industries Corp, Tasi, Rupert Neil Bumfrey, QSI, Reuters Dubai, Al Rajhi Bank, Gulf Egypt


MIDEAST STOCKS Major Gulf bourses end mixed; #AbuDhabi off record high | Reuters

MIDEAST STOCKS Major Gulf bourses end mixed; Abu Dhabi off record high | Reuters Major stock markets in the Gulf ended mixed on Sunday, with the Abu Dhabi index retreating from the previous session's record highs.GCC markets evolved in different directions as doubts around oil market developments and international economic growth contrasted with strong local fundamentals, said Wael Makarem, senior market strategist at Exness.On Friday, world shares fell after a week of mixed economic data ...
Tags: Travel, Egypt, United Arab Emirates, Dubai, Abu Dhabi, MPC, Gulf, Reuters, U S Federal Reserve, Reuters Major, Tasi, Rupert Neil Bumfrey, QSI, Al Rajhi Bank, Gulf Egypt, U S Gulf of Mexico


MIDEAST STOCKS #Saudi, #UAE stocks gain after IEA's oil demand outlook | Reuters

MIDEAST STOCKS Saudi, UAE stocks gain after IEA's oil demand outlook | Reuters Stock markets in Saudi Arabia and the United Arab Emirates (UAE) closed higher on Wednesday, a day after the International Energy Agency (IEA) forecast a positive oil demand.The IEA said on Tuesday that vaccine roll-outs were set to power a rebound in oil demand after a three-month slide due to the spread of the Delta variant of COVID-19 and pandemic restrictions, especially in Asia. read moreSaudi Arabia's benc...
Tags: Travel, Asia, Saudi Arabia, Egypt, United Arab Emirates, Dubai, IEA, Abu Dhabi, Chemical, Uae, Gulf, Reuters, Emirates NBD, International Energy Agency IEA, United Arab Emirates UAE, Tasi


MIDEAST STOCKS #Dubai bourse extends losses as Egypt outperforms | Reuters

MIDEAST STOCKS Dubai bourse extends losses as Egypt outperforms | Reuters Dubai's stock market ended lower on Tuesday, extending losses for a second consecutive session, while investors in Egypt were optimistic about the central bank keeping interest rates on hold.Dubai's main share index (.DFMGI) fell 0.3%, with sharia-compliant lender Dubai Islamic Bank (DISB.DU) losing 1.2%, whereas Emirates NBD Bank (ENBD.DU) closed 0.4% lower.The emirate's bourse continues its price correction weighed...
Tags: Travel, Saudi Arabia, Egypt, Dubai, Abu Dhabi, Uae, Reuters, U S Federal Reserve, Saudi Basic Industries Corp, Riyad Bank, Tasi, Rupert Neil Bumfrey, QSI, Reuters Dubai, Aldar Properties, Aldar


MIDEAST STOCKS Most Gulf markets dip in early trade; #Qatar gains | Reuters

MIDEAST STOCKS Most Gulf markets dip in early trade; Qatar gains | Reuters Most stock markets in the Gulf fell in early trade on Tuesday, on worries over inflation and moves to tax the world's biggest companies, with investors awaiting U.S. consumer inflation data.U.S. House Democrats are expected to propose raising the corporate tax rate to 26.5% from 21% as part of a sweeping plan that includes tax increases on the wealthy, corporations, and investors. read moreWorld stocks have been pressur...
Tags: Travel, Texas, Qatar, United Arab Emirates, Dubai, Abu Dhabi, Gulf, Reuters, Adi, U S House, Petroleum Exporting Countries OPEC, Tasi, Saudi Telecom Company, Rupert Neil Bumfrey, QSI, First Abu Dhabi Bank


MIDEAST STOCKS Major Gulf bourses end mixed, #AbuDhabi falls most | Reuters

MIDEAST STOCKS Major Gulf bourses end mixed, Abu Dhabi falls most | Reuters Major stock markets in the Gulf ended mixed on Monday, with the Abu Dhabi index falling the most, as investors remained cautious about global economic recovery and the oil market.U.S. House Democrats are expected to propose raising the corporate tax rate to 26.5% from 21% as part of a sweeping plan that includes tax increases on the wealthy, corporations, and investors, according to two people familiar with the mat...
Tags: Travel, Europe, Saudi Arabia, Qatar, Dubai, Abu Dhabi, Gulf, Reuters, Adi, Reuters Major, U S House, Abu Dhabi National Oil Co ADNOC, Tasi, ADNOC, Abu Dhabi Securities Exchange, Saudi Telecom Company


MIDEAST STOCKS Major Gulf bourses in the red, #AbuDhabi index below record peak | Reuters

MIDEAST STOCKS Major Gulf bourses in the red, Abu Dhabi index below record peak | Reuters Major stock markets in the Gulf fell in early trade on Sunday in response to Friday's slide on Wall Street, with the Abu Dhabi index easing from the previous session's record highs.U.S. main stock indexes finished lower on Friday after data showing persistent U.S. inflation dampened optimism about an easing in U.S.-China tensions after a call between President Joe Biden and China's Xi Jinping. read moreSa...
Tags: Travel, China, Joe Biden, United Arab Emirates, World Health Organization, Abu Dhabi, Gulf, Reuters, Reuters Major, Tasi, Rupert Neil Bumfrey, QSI, Capital Market Authority, Al Rajhi Bank, First Abu Dhabi Bank, DFMGI


MIDEAST STOCKS #AbuDhabi bourse hits record high; #Saudi snaps 5-day rally | Reuters

MIDEAST STOCKS Abu Dhabi bourse hits record high; Saudi snaps 5-day rally | Reuters Abu Dhabi stocks closed at an all-time high on Thursday, buoyed by a jump in First Abu Dhabi Bank (FAB), while the Saudi bourse snapped a five-day winning streak.In Abu Dhabi, the index (.ADI) advanced 1.2%, boosted by a 4.8% rise in the United Arab Emirates' largest lender FAB (FAB.AD), which said on Wednesday it had hired Martin Tricaud as head of investment banking. read moreThe appointment should gi...
Tags: Travel, Europe, Qatar, United States, Middle East, United Arab Emirates, Dubai, Abu Dhabi, Gulf, Reuters, U S Energy Information Administration, Riyad Bank, Reuters Abu Dhabi, Tasi, Rupert Neil Bumfrey, QSI


MIDEAST STOCKS #AbuDhabi stocks at record highs as Etisalat extends gains | Reuters

MIDEAST STOCKS Abu Dhabi stocks at record highs as Etisalat extends gains | Reuters Abu Dhabi stocks closed at an all-time high on Wednesday as telecoms giant Etisalat extended gains from the previous session when it announced securing required approvals to increase the foreign ownership limit to 49%.The Abu Dhabi index (.ADI) gained 0.9%, buoyed by a 2.6% rise in Emirates Telecommunications Group (Etisalat) (ETISALAT.AD).The market has also been rising thanks to the positive sentiment, dri...
Tags: Travel, Saudi Arabia, China, Qatar, Egypt, South Africa, Shanghai, Dubai, Abu Dhabi, Uae, Reuters, Kurdistan Region, Dana Gas, Iraq Saudi Arabia, Etisalat, Reuters Abu Dhabi


MIDEAST STOCKS Saudi Telecom aids #Saudi bourse; blue-chip selloff dents Egypt | Reuters

MIDEAST STOCKS Saudi Telecom aids Saudi bourse; blue-chip selloff dents Egypt | Reuters Major stock markets in the Gulf were mixed on Sunday, with the Saudi index extending gains from the previous session, while Egyptian stocks retreated due to a broad selloff in blue-chip shares.Saudi Arabia's benchmark index (.TASI) edged up 0.1%, helped by a 1.7% rise in Saudi Telecom Company (STC) (7010.SE) after its unit Arabian Internet and Communications Services Co set an indicative price range for...
Tags: Travel, Budget, Saudi Arabia, Iran, Egypt, Pakistan, United Arab Emirates, Abu Dhabi, Yemen, Jeddah, Gulf, Reuters, Aramco, Red Sea, ACWA Power, Reuters Major



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