AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 132.66 Increased By ▲ 3.13 (2.42%)
BOP 6.89 Increased By ▲ 0.21 (3.14%)
CNERGY 4.57 Decreased By ▼ -0.06 (-1.3%)
DCL 8.92 Decreased By ▼ -0.02 (-0.22%)
DFML 42.75 Increased By ▲ 1.06 (2.54%)
DGKC 84.00 Increased By ▲ 0.23 (0.27%)
FCCL 32.90 Increased By ▲ 0.13 (0.4%)
FFBL 77.06 Increased By ▲ 1.59 (2.11%)
FFL 12.20 Increased By ▲ 0.73 (6.36%)
HUBC 110.01 Decreased By ▼ -0.54 (-0.49%)
HUMNL 14.40 Decreased By ▼ -0.16 (-1.1%)
KEL 5.53 Increased By ▲ 0.14 (2.6%)
KOSM 8.32 Decreased By ▼ -0.08 (-0.95%)
MLCF 39.67 Decreased By ▼ -0.12 (-0.3%)
NBP 65.50 Increased By ▲ 5.21 (8.64%)
OGDC 198.74 Decreased By ▼ -0.92 (-0.46%)
PAEL 26.00 Decreased By ▼ -0.65 (-2.44%)
PIBTL 7.62 Decreased By ▼ -0.04 (-0.52%)
PPL 159.00 Increased By ▲ 1.08 (0.68%)
PRL 26.24 Decreased By ▼ -0.49 (-1.83%)
PTC 18.35 Decreased By ▼ -0.11 (-0.6%)
SEARL 82.24 Decreased By ▼ -0.20 (-0.24%)
TELE 8.12 Decreased By ▼ -0.19 (-2.29%)
TOMCL 34.40 Decreased By ▼ -0.11 (-0.32%)
TPLP 8.98 Decreased By ▼ -0.08 (-0.88%)
TREET 16.88 Decreased By ▼ -0.59 (-3.38%)
TRG 59.49 Decreased By ▼ -1.83 (-2.98%)
UNITY 27.52 Increased By ▲ 0.09 (0.33%)
WTL 1.40 Increased By ▲ 0.02 (1.45%)
BR100 10,614 Increased By 206.9 (1.99%)
BR30 31,874 Increased By 160.5 (0.51%)
KSE100 98,972 Increased By 1644 (1.69%)
KSE30 30,784 Increased By 591.7 (1.96%)

DUBAI: Major stock markets in the Gulf ended mixed on Thursday, with the Qatari index outperforming the region as the country is set to ease coronavirus restrictions.

The Gulf Arab state said on Wednesday that leisure and education centres and restaurants can reopen at limited capacity as of Friday under a phased easing of measures.

The Qatari benchmark advanced 1.3%, as most of the stocks on the index were in positive territory including petrochemical maker Industries Qatar.

Qatar said earlier this month that it would gradually lift coronavirus curbs in four phases, with the first phase on May 28 and the fourth on July 30.

Saudi Arabia’s benchmark index gained 0.5%, with Al Rajhi Bank rising 1.2%, while Saudi Basic Industries finished 1.6% higher.

Dubai’s main share index fell 0.3%, hit by a 1.2% fall in sharia-compliant lender Dubai Islamic Bank and a 0.7% decrease in Emirates NBD Bank.

However, the index secured its fourth weekly gain followed by a recent rise in property shares and financial stocks.

House prices in Dubai are expected to rise for the first time in six years in 2021, supported by a swift vaccine rollout that has lifted hopes for economic recovery, a Reuters poll of property analysts showed.

In Abu Dhabi, the index lost 0.3%, weighed down by a 8.2% slide in Abu Dhabi National Company for Distribution, the largest operator of petrol stations and convenience stores in the United Arab Emirates.

Abu Dhabi National Oil Company (ADNOC) said it raised $1.64 billion by issuing exchangeable bonds and additional shares to investors in its listed retail unit ADNOC Distribution on Wednesday.

This could increase ADNOC Distribution’s free float to 30%, it said.

Elsewhere, the Omani index shrugged off ongoing protests to nudge down 0.1%.

Citizens of Oman took the streets on Wednesday for a fourth day of demonstrations, braving a heavy security presence to demand that the country’s ruler follow through on promises to create thousands of jobs.

Outside the Gulf, Egypt’s blue-chip index declined 1.2%, extending losses for a third straight session.

Exchange data on Thursday showed foreign investors as net sellers of Egyptian stocks.

Comments

Comments are closed.