AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 129.06 Decreased By ▼ -0.47 (-0.36%)
BOP 6.75 Increased By ▲ 0.07 (1.05%)
CNERGY 4.49 Decreased By ▼ -0.14 (-3.02%)
DCL 8.55 Decreased By ▼ -0.39 (-4.36%)
DFML 40.82 Decreased By ▼ -0.87 (-2.09%)
DGKC 80.96 Decreased By ▼ -2.81 (-3.35%)
FCCL 32.77 No Change ▼ 0.00 (0%)
FFBL 74.43 Decreased By ▼ -1.04 (-1.38%)
FFL 11.74 Increased By ▲ 0.27 (2.35%)
HUBC 109.58 Decreased By ▼ -0.97 (-0.88%)
HUMNL 13.75 Decreased By ▼ -0.81 (-5.56%)
KEL 5.31 Decreased By ▼ -0.08 (-1.48%)
KOSM 7.72 Decreased By ▼ -0.68 (-8.1%)
MLCF 38.60 Decreased By ▼ -1.19 (-2.99%)
NBP 63.51 Increased By ▲ 3.22 (5.34%)
OGDC 194.69 Decreased By ▼ -4.97 (-2.49%)
PAEL 25.71 Decreased By ▼ -0.94 (-3.53%)
PIBTL 7.39 Decreased By ▼ -0.27 (-3.52%)
PPL 155.45 Decreased By ▼ -2.47 (-1.56%)
PRL 25.79 Decreased By ▼ -0.94 (-3.52%)
PTC 17.50 Decreased By ▼ -0.96 (-5.2%)
SEARL 78.65 Decreased By ▼ -3.79 (-4.6%)
TELE 7.86 Decreased By ▼ -0.45 (-5.42%)
TOMCL 33.73 Decreased By ▼ -0.78 (-2.26%)
TPLP 8.40 Decreased By ▼ -0.66 (-7.28%)
TREET 16.27 Decreased By ▼ -1.20 (-6.87%)
TRG 58.22 Decreased By ▼ -3.10 (-5.06%)
UNITY 27.49 Increased By ▲ 0.06 (0.22%)
WTL 1.39 Increased By ▲ 0.01 (0.72%)
BR100 10,445 Increased By 38.5 (0.37%)
BR30 31,189 Decreased By -523.9 (-1.65%)
KSE100 97,798 Increased By 469.8 (0.48%)
KSE30 30,481 Increased By 288.3 (0.95%)

DUBAI: Stocks in the United Arab Emirates(UAE) dropped on Monday following four days of consecutive gains after another attack by Yemen’s Iran-aligned Houthi movement on the Gulf state, while rising oil prices supported Saudi Arabian shares.

The UAE said on Monday it intercepted a ballistic missile fired by the Houthis, the third such attack on the US-allied Gulf state in the last two weeks.

Oil rose on Monday as a supply shortage and political tensions in Eastern Europe and the Middle East put prices on track for their biggest monthly gain in almost a year.

“Markets in Dubai and Abu Dhabi dropped a little in reaction to the recent developments. In contrast, the Saudi market was supported by the strong oil prices and could see additional increases,” said Wael Makarem, Senior Market Strategist at Exness.

The Abu Dhabi index ended 0.7% down, though the index was up 2.5% for the month. Market heavyweight First Abu Dhabi Bank declined 2.7%.

In Dubai, the index slipped 0.5%, reducing its monthly gain to 0.2%.

Emirates NBD Bank weighed the most on index, falling 3.6%.

Dubai Investments, however, surged 7%. After the market close, the investment company reported a more than 78% increase in its full-year profit to 619.5 million dirhams ($168.68 million).

Saudi Arabia’s benchmark index closed 0.1% higher to log a monthly gain of about 9%.

Alinma Bank and Saudi National Bank increased 3.3% and 1.1% respectively.

The Qatari index closed flat as Qatar National Bank lost 0.7% and Mesaieed Petrochemical Holdings rose 2.3%.

In Egypt, the blue-chip index snapped its six-session losing streak, gaining 0.3%. Talat Mostafa Group increased 8.6% and Telecom Egypt added 3.5%.

SAUDI ARABIA gained 0.1% to 12,272

ABU DHABI dropped 0.7% to 8,704

DUBAI fell 0.5% to 3,203

QATAR was flat at 12,498

EGYPT gained 0.3% to 11,490

BAHRAIN was up 0.2 to 1,810

OMAN fell 0.9% to 4,116

KUWAIT added 0.2% to 8,013.

Comments

Comments are closed.