Ultimate magazine theme for WordPress.

Most golf exchanges win in early trading, with Qatar slacking off

Dec 5 (Reuters) – Most of the major Gulf stock markets rose in early Sunday trading, with the Abu Dhabi index topping the gains despite the Qatari stock exchange bucking the trend.

Saudi Arabia’s benchmark index (.TASI) rose 0.8%, with Al Rajhi Bank (1120.SE) gaining 0.5% and Saudi Basic Industries Corp (2010.SE) gaining 1.1%.

Among other winners, oil giant Saudi Aramco (2222.SE) gained 0.4%.

Register now for FREE unlimited access to reuters.com

to register

Aramco has signed five agreements with French companies, including an agreement to explore a hydrogen-powered vehicle business with Gaussin, the oil giant said in a statement on Saturday. Continue reading

In Abu Dhabi, the index (.ADI), which traded after an interruption of two trading days, rose 1.5%, supported by an increase of 4.6% at telecommunications company Etisalat (ETISALAT.AD) and an increase of 1, 6% with the largest lender in the country, First Abu Dhabi Bank (FAB.AD).

Mubadala, the Abu Dhabi sovereign wealth fund, said Friday it had signed a four billion euro ($ 4.53 billion) deal with France’s public investment bank Bpifrance.

However, the Multiply Group plunged about 30% on its debut trading to 1.75 dirhams per share from its opening price of 2.35 dirhams.

On Sunday, the Multiply Group was listed directly on the Abu Dhabi Securities Exchange.

Dubai’s top stock index (.DFMGI) rose 0.2%, supported by a 0.8% gain at Emirates NBD Bank (ENBD.DU).

The United Arab Emirates announced their first known case of the new COVID-19 variant Omicron on Wednesday, the state-run news agency WAM reported. Continue reading

Crude oil prices, a major catalyst for the Gulf financial markets, ended little changed on Friday after previous big gains were wiped out amid growing concerns that rising coronavirus cases and a new variant could reduce global oil demand.

The organization of petroleum exporting countries will continue their supply adjustments for the oil market, said the OPEC Secretary General on Saturday. Continue reading

The Qatari Index (.QSI) lost 0.3%, while the Qatar National Bank (QNBK.QA), the Gulf’s largest lender, lost 1.2%.

($ 1 = 0.8839 euros)

Register now for FREE unlimited access to reuters.com

to register

Reporting by Ateeq Shariff in Bengaluru; Ad -tation by David Evans

Our Standards: The Thomson Reuters Trust Principles.

Comments are closed.