AGL 39.18 Decreased By ▼ -0.82 (-2.05%)
AIRLINK 127.71 Decreased By ▼ -1.35 (-1.05%)
BOP 6.87 Increased By ▲ 0.12 (1.78%)
CNERGY 4.69 Increased By ▲ 0.20 (4.45%)
DCL 8.50 Decreased By ▼ -0.05 (-0.58%)
DFML 41.15 Increased By ▲ 0.33 (0.81%)
DGKC 82.27 Increased By ▲ 1.31 (1.62%)
FCCL 33.10 Increased By ▲ 0.33 (1.01%)
FFBL 74.20 Decreased By ▼ -0.23 (-0.31%)
FFL 11.83 Increased By ▲ 0.09 (0.77%)
HUBC 110.15 Increased By ▲ 0.57 (0.52%)
HUMNL 14.17 Increased By ▲ 0.42 (3.05%)
KEL 5.22 Decreased By ▼ -0.09 (-1.69%)
KOSM 7.57 Decreased By ▼ -0.15 (-1.94%)
MLCF 39.00 Increased By ▲ 0.40 (1.04%)
NBP 63.69 Increased By ▲ 0.18 (0.28%)
OGDC 192.60 Decreased By ▼ -2.09 (-1.07%)
PAEL 25.58 Decreased By ▼ -0.13 (-0.51%)
PIBTL 7.28 Decreased By ▼ -0.11 (-1.49%)
PPL 152.75 Decreased By ▼ -2.70 (-1.74%)
PRL 25.50 Decreased By ▼ -0.29 (-1.12%)
PTC 17.52 Increased By ▲ 0.02 (0.11%)
SEARL 82.02 Increased By ▲ 3.37 (4.28%)
TELE 7.63 Decreased By ▼ -0.23 (-2.93%)
TOMCL 33.49 Decreased By ▼ -0.24 (-0.71%)
TPLP 8.44 Increased By ▲ 0.04 (0.48%)
TREET 16.30 Increased By ▲ 0.03 (0.18%)
TRG 56.60 Decreased By ▼ -1.62 (-2.78%)
UNITY 27.50 Increased By ▲ 0.01 (0.04%)
WTL 1.36 Decreased By ▼ -0.03 (-2.16%)
BR100 10,495 Increased By 49.5 (0.47%)
BR30 31,096 Decreased By -93.5 (-0.3%)
KSE100 98,155 Increased By 356.7 (0.36%)
KSE30 30,646 Increased By 165.7 (0.54%)

DUBAI: Stock markets in the Gulf ended mixed on Monday, with the Saudi index extending gains from the previous sessions when it reached its highest in over 15 years. Saudi Arabia’s benchmark index gained 0.5%, at its highest since July 2006, led by a 1.4% rise in the kingdom’s biggest lender Saudi National Bank and a 1.8% increase in Saudi Telecom Company. Oil prices, a key catalyst for the Gulf’s financial markets, were steady as investor bets that global supply will remain tight amid restraint by major producers were offset by a rise in Libyan output.

The Qatari index finished 0.3% higher, led by a 2.4% increase in Qatar National Bank. Last week, the Gulf’s biggest bank reported a 10% increase in annual net profit driven by loan growth.

However, Qatar Islamic Bank fell 1.2%, despite reporting a rise in annual profit. Investors remain cautious while uncertainties remain around the developments in U.S. monetary policy, said Wael Makarem, senior market strategist at Exness.

Comments

Comments are closed.