AIRLINK 186.40 Increased By ▲ 1.71 (0.93%)
BOP 12.69 Decreased By ▼ -0.09 (-0.7%)
CNERGY 7.60 Decreased By ▼ -0.21 (-2.69%)
FCCL 40.50 Decreased By ▼ -0.34 (-0.83%)
FFL 14.90 Decreased By ▼ -0.28 (-1.84%)
FLYNG 27.31 Increased By ▲ 0.37 (1.37%)
HUBC 130.97 Decreased By ▼ -0.10 (-0.08%)
HUMNL 13.25 Decreased By ▼ -0.57 (-4.12%)
KEL 4.47 Decreased By ▼ -0.04 (-0.89%)
KOSM 6.04 Decreased By ▼ -0.10 (-1.63%)
MLCF 53.44 Increased By ▲ 2.21 (4.31%)
OGDC 212.50 Increased By ▲ 0.39 (0.18%)
PACE 6.09 Decreased By ▼ -0.20 (-3.18%)
PAEL 41.85 Decreased By ▼ -0.70 (-1.65%)
PIAHCLA 15.91 Decreased By ▼ -0.60 (-3.63%)
PIBTL 9.58 Increased By ▲ 0.64 (7.16%)
POWER 11.10 No Change ▼ 0.00 (0%)
PPL 173.00 Decreased By ▼ -2.00 (-1.14%)
PRL 34.02 Decreased By ▼ -0.71 (-2.04%)
PTC 23.35 Decreased By ▼ -0.59 (-2.46%)
SEARL 87.40 Decreased By ▼ -7.02 (-7.43%)
SILK 1.13 Decreased By ▼ -0.01 (-0.88%)
SSGC 32.41 Decreased By ▼ -0.70 (-2.11%)
SYM 15.65 Decreased By ▼ -1.46 (-8.53%)
TELE 7.99 Decreased By ▼ -0.26 (-3.15%)
TPLP 11.04 Decreased By ▼ -0.41 (-3.58%)
TRG 59.50 Decreased By ▼ -0.75 (-1.24%)
WAVESAPP 11.28 Decreased By ▼ -0.11 (-0.97%)
WTL 1.41 Decreased By ▼ -0.04 (-2.76%)
YOUW 3.81 Decreased By ▼ -0.12 (-3.05%)
AIRLINK 186.40 Increased By ▲ 1.71 (0.93%)
BOP 12.69 Decreased By ▼ -0.09 (-0.7%)
CNERGY 7.60 Decreased By ▼ -0.21 (-2.69%)
FCCL 40.50 Decreased By ▼ -0.34 (-0.83%)
FFL 14.90 Decreased By ▼ -0.28 (-1.84%)
FLYNG 27.31 Increased By ▲ 0.37 (1.37%)
HUBC 130.97 Decreased By ▼ -0.10 (-0.08%)
HUMNL 13.25 Decreased By ▼ -0.57 (-4.12%)
KEL 4.47 Decreased By ▼ -0.04 (-0.89%)
KOSM 6.04 Decreased By ▼ -0.10 (-1.63%)
MLCF 53.44 Increased By ▲ 2.21 (4.31%)
OGDC 212.50 Increased By ▲ 0.39 (0.18%)
PACE 6.09 Decreased By ▼ -0.20 (-3.18%)
PAEL 41.85 Decreased By ▼ -0.70 (-1.65%)
PIAHCLA 15.91 Decreased By ▼ -0.60 (-3.63%)
PIBTL 9.58 Increased By ▲ 0.64 (7.16%)
POWER 11.10 No Change ▼ 0.00 (0%)
PPL 173.00 Decreased By ▼ -2.00 (-1.14%)
PRL 34.02 Decreased By ▼ -0.71 (-2.04%)
PTC 23.35 Decreased By ▼ -0.59 (-2.46%)
SEARL 87.40 Decreased By ▼ -7.02 (-7.43%)
SILK 1.13 Decreased By ▼ -0.01 (-0.88%)
SSGC 32.41 Decreased By ▼ -0.70 (-2.11%)
SYM 15.65 Decreased By ▼ -1.46 (-8.53%)
TELE 7.99 Decreased By ▼ -0.26 (-3.15%)
TPLP 11.04 Decreased By ▼ -0.41 (-3.58%)
TRG 59.50 Decreased By ▼ -0.75 (-1.24%)
WAVESAPP 11.28 Decreased By ▼ -0.11 (-0.97%)
WTL 1.41 Decreased By ▼ -0.04 (-2.76%)
YOUW 3.81 Decreased By ▼ -0.12 (-3.05%)
BR100 11,869 Decreased By -51.1 (-0.43%)
BR30 35,588 Decreased By -219.5 (-0.61%)
KSE100 113,252 Decreased By -532.6 (-0.47%)
KSE30 35,194 Decreased By -193.2 (-0.55%)
Markets Print 2021-02-16

Saudi shares climb, Qatar falls

• Saudi benchmark firms for eighth straight session • Ooredoo biggest faller on Qatari benchmark • Emaar...
Published February 16, 2021

• Saudi benchmark firms for eighth straight session

• Ooredoo biggest faller on Qatari benchmark

• Emaar Properties leads gains in Dubai market

DUBAI: Saudi shares extended gains for an eighth consecutive session on Monday on rising crude oil prices while corporate results weighed on the Qatari index.

Oil prices soared to their highest in about 13 months as vaccine rollouts promised to revive demand and producers kept supply in check.

Saudi Arabia’s benchmark index advanced 0.5%, with Al Rajhi Bank rising 1.8% and National Commercial Bank climbing 1.5%.

The Qatari index lost 0.5%, dragged down by a 8.1% slide for telecoms giant Ooredoo after it reported a loss of 342 million riyals ($93.96 million) in the fourth-quarter, against a profit of 460 million riyals a year earlier.

Qatar Insurance fell 3.5% after a decline in 2020 profit.

Elsewhere, Dubai’s main share index firmed 0.7%, led by a 1.9% rise for Emaar Properties despite the blue-chip developer’s 58% drop in full-year profit.

Emaar founder Mohamed Alabbar was more optimistic about 2021, saying there were opportunities both traditional and technological that didn’t exist five or 10 years ago.

In Abu Dhabi, the index slipped 0.3%, hit by a 1.6% decline for Aldar Properties and a 0.7% fall for the country’s largest lender and index heavyweight First Abu Dhabi Bank.

Outside the Gulf, Egypt’s blue-chip index firmed by 0.2%. Electronics retailer MM Group for Industry and International Trade was the best performer, extending its gains for a second straight session.

MM Group jumped more than 13% after it said on Sunday that its non-banking finance joint venture Ebtikar will be listed on the Egytptian Stock Exchange.

Comments

Comments are closed.