AGL 37.89 Decreased By ▼ -0.26 (-0.68%)
AIRLINK 124.10 Increased By ▲ 2.59 (2.13%)
BOP 5.67 Decreased By ▼ -0.18 (-3.08%)
CNERGY 3.75 No Change ▼ 0.00 (0%)
DCL 8.55 Increased By ▲ 0.15 (1.79%)
DFML 40.48 Decreased By ▼ -0.41 (-1%)
DGKC 87.10 Increased By ▲ 2.50 (2.96%)
FCCL 33.98 Increased By ▲ 1.28 (3.91%)
FFBL 66.01 Increased By ▲ 0.51 (0.78%)
FFL 10.20 Increased By ▲ 0.15 (1.49%)
HUBC 104.45 Increased By ▲ 0.65 (0.63%)
HUMNL 13.45 Increased By ▲ 0.20 (1.51%)
KEL 4.78 Increased By ▲ 0.35 (7.9%)
KOSM 6.84 Decreased By ▼ -0.25 (-3.53%)
MLCF 38.84 Increased By ▲ 1.34 (3.57%)
NBP 60.35 Increased By ▲ 0.10 (0.17%)
OGDC 179.65 Increased By ▲ 7.40 (4.3%)
PAEL 24.97 Increased By ▲ 0.17 (0.69%)
PIBTL 5.71 Increased By ▲ 0.01 (0.18%)
PPL 153.00 Increased By ▲ 11.31 (7.98%)
PRL 22.79 Increased By ▲ 0.07 (0.31%)
PTC 14.91 Increased By ▲ 0.17 (1.15%)
SEARL 66.85 Increased By ▲ 2.29 (3.55%)
TELE 7.01 Decreased By ▼ -0.13 (-1.82%)
TOMCL 35.70 Increased By ▲ 0.20 (0.56%)
TPLP 7.32 Increased By ▲ 0.03 (0.41%)
TREET 13.99 Decreased By ▼ -0.21 (-1.48%)
TRG 50.95 Decreased By ▼ -0.80 (-1.55%)
UNITY 26.40 Decreased By ▼ -0.20 (-0.75%)
WTL 1.23 Increased By ▲ 0.01 (0.82%)
BR100 9,717 Increased By 233.5 (2.46%)
BR30 29,237 Increased By 866.2 (3.05%)
KSE100 90,860 Increased By 1893.1 (2.13%)
KSE30 28,458 Increased By 630.4 (2.27%)

DUBAI: Saudi Arabia’s stock market rose on Sunday after a survey showed that non-oil private sector continued its strong growth in May as demand withstood rising output costs.

The seasonally adjusted S&P Global Saudi Arabia Purchasing Managers’ Index (PMI) for the whole economy was steady at 55.7 in May, the same as in April, which was its lowest reading since January and below the series average of 56.8.

Employment growth dipped marginally but remained in growth territory, where it has been since April 2021, excluding March this year.

Saudi Arabia’s benchmark index rose 0.4% with oil giant Saudi Aramco advancing 1.1%, while Al Rajhi Bank was up 0.5%.

Among other stocks, ACWA Power also jumped 1.3% after saying it signed a 401 million riyal ($106.91 million) contract to develop and operate the 91 MW Layla solar PV project.

In Qatar, the index, gained 0.1%, as petrochemical maker Industries Qatar increased 0.7% and Sharia lender Masraf Al Rayan was up 0.6%.

Outside the Gulf, Egypt’s index fell 0.2% after a disappointing purchasing managers’ survey. The S&P Global Egypt Purchasing Managers’ Index strengthened to 47.0 from April’s 46.9, but still remained below the 50.0 threshold that separates growth from contraction.

The country’s non-oil private sector activity contracted for an 18th month in May as the Ukraine crisis, import restrictions and a devalued currency put pressure on prices.

However, Ezz Steel, Egypt’s largest steel producer, rose 4.6% after reporting its first quarter results.

SAUDI ARABIA roses 0.4% to 12,656 points

QATAR edged up 0.1% to 12,806 points

EGYPT dropped 0.2% to 9,986 points

BAHRAIN fell 0.2% to 1,904 points

OMAN was down 0.2% 4,123 points

KUWAIT declined 1.3% to 8,478 points.

Comments

Comments are closed.