AGL 38.50 Increased By ▲ 0.93 (2.48%)
AIRLINK 131.99 Decreased By ▼ -0.51 (-0.38%)
BOP 5.60 Decreased By ▼ -0.04 (-0.71%)
CNERGY 3.84 Increased By ▲ 0.07 (1.86%)
DCL 8.65 Decreased By ▼ -0.22 (-2.48%)
DFML 40.82 Decreased By ▼ -0.18 (-0.44%)
DGKC 88.70 Decreased By ▼ -1.46 (-1.62%)
FCCL 35.16 Increased By ▲ 0.08 (0.23%)
FFBL 66.50 No Change ▼ 0.00 (0%)
FFL 10.47 Increased By ▲ 0.32 (3.15%)
HUBC 109.51 Increased By ▲ 3.11 (2.92%)
HUMNL 14.66 Increased By ▲ 1.26 (9.4%)
KEL 4.82 Decreased By ▼ -0.04 (-0.82%)
KOSM 7.08 Increased By ▲ 0.23 (3.36%)
MLCF 42.50 Increased By ▲ 0.70 (1.67%)
NBP 59.49 Increased By ▲ 0.91 (1.55%)
OGDC 184.20 Increased By ▲ 2.95 (1.63%)
PAEL 25.56 Decreased By ▼ -0.14 (-0.54%)
PIBTL 5.90 Increased By ▲ 0.07 (1.2%)
PPL 147.52 Decreased By ▼ -0.88 (-0.59%)
PRL 23.51 Increased By ▲ 0.29 (1.25%)
PTC 16.45 Increased By ▲ 1.21 (7.94%)
SEARL 69.19 Increased By ▲ 0.40 (0.58%)
TELE 7.25 Increased By ▲ 0.01 (0.14%)
TOMCL 35.77 Decreased By ▼ -0.23 (-0.64%)
TPLP 7.55 Increased By ▲ 0.15 (2.03%)
TREET 14.20 Decreased By ▼ -0.04 (-0.28%)
TRG 50.90 Increased By ▲ 0.05 (0.1%)
UNITY 26.83 Increased By ▲ 0.43 (1.63%)
WTL 1.23 Increased By ▲ 0.02 (1.65%)
BR100 9,813 Increased By 45.5 (0.47%)
BR30 29,780 Increased By 379.7 (1.29%)
KSE100 92,300 Increased By 362.3 (0.39%)
KSE30 28,799 Increased By 55.1 (0.19%)
Markets

IHC lifts Abu Dhabi as major Gulf markets end mixed

  • IHC approves acquisition deals.
  • Aramex slips as Q1 profit falls.
  • Saudi Telecom weighs on Saudi.
  • Eastern Company extends gain.
Published May 6, 2021

Major Gulf stock markets were mixed on Thursday, with the Abu Dhabi index rising after aquaculture firm International Holding Company reported a higher quarterly profit.

Abu Dhabi's index closed 0.6% higher with a weekly gain of 1.7%. International Holding was up 3.3%, boosting the index the most. The firm posted 1.5 billion dirhams of profit in the first quarter compared with 112.2 million dirhams a year earlier.

The company's board also approved acquiring stake in four companies through its units.

Emirates Telecommunications Group, which is set to raise 1 billion euros ($1.2 billion) in dual-tranche bonds on Thursday, added 0.8%.

Abu Dhabi's gains were capped by a 5.5% drop in Dana Gas as it traded ex-dividend.

The Dubai index was up 0.5% and ended the week with a 2.3% rise. Emirates NBD Bank advanced 2.1% and Emaar Malls added 1.6%.

Aramex closed nearly 1% down. The Courier firm fell as much as 3.9% during the day after reporting a 32% decline in first-quarter profit to 46 million dirhams ($12.52 million)

Saudi Arabia's benchmark index was down 0.2% and fell 1.8% for the week.

Saudi Telecom declined 1.8%, extending losses from Wednesday, when it traded ex-dividend.

Among the gainers, Al Rajhi Bank and Sahara International Petrochemical advanced 0.4% and 3.9%, respectively.

Reuters reported, citing sources, that Saudi Arabia is considering barring overseas pilgrims from the annual haj for the second year running as COVID-19 cases rise globally and worries grow about the emergence of new variants.

The Qatari index ended flat with Industries Qatar gaining 0.7% and Commercial Bank losing 1%.

Outside the Gulf, Egypt's blue-chip index ended up 0.7%. Commercial International Bank Egypt led the gainers increasing 1.3%.

Cigarette maker Eastern Company climbed 1.3%, extending gains for a third day after posting a 24.3% jump in profit for the nine-month period that ended on March 31.

Comments

Comments are closed.