AGL 40.00 Decreased By ▼ -0.16 (-0.4%)
AIRLINK 129.53 Decreased By ▼ -2.20 (-1.67%)
BOP 6.68 Decreased By ▼ -0.01 (-0.15%)
CNERGY 4.63 Increased By ▲ 0.16 (3.58%)
DCL 8.94 Increased By ▲ 0.12 (1.36%)
DFML 41.69 Increased By ▲ 1.08 (2.66%)
DGKC 83.77 Decreased By ▼ -0.31 (-0.37%)
FCCL 32.77 Increased By ▲ 0.43 (1.33%)
FFBL 75.47 Increased By ▲ 6.86 (10%)
FFL 11.47 Increased By ▲ 0.12 (1.06%)
HUBC 110.55 Decreased By ▼ -1.21 (-1.08%)
HUMNL 14.56 Increased By ▲ 0.25 (1.75%)
KEL 5.39 Increased By ▲ 0.17 (3.26%)
KOSM 8.40 Decreased By ▼ -0.58 (-6.46%)
MLCF 39.79 Increased By ▲ 0.36 (0.91%)
NBP 60.29 No Change ▼ 0.00 (0%)
OGDC 199.66 Increased By ▲ 4.72 (2.42%)
PAEL 26.65 Decreased By ▼ -0.04 (-0.15%)
PIBTL 7.66 Increased By ▲ 0.18 (2.41%)
PPL 157.92 Increased By ▲ 2.15 (1.38%)
PRL 26.73 Increased By ▲ 0.05 (0.19%)
PTC 18.46 Increased By ▲ 0.16 (0.87%)
SEARL 82.44 Decreased By ▼ -0.58 (-0.7%)
TELE 8.31 Increased By ▲ 0.08 (0.97%)
TOMCL 34.51 Decreased By ▼ -0.04 (-0.12%)
TPLP 9.06 Increased By ▲ 0.25 (2.84%)
TREET 17.47 Increased By ▲ 0.77 (4.61%)
TRG 61.32 Decreased By ▼ -1.13 (-1.81%)
UNITY 27.43 Decreased By ▼ -0.01 (-0.04%)
WTL 1.38 Increased By ▲ 0.10 (7.81%)
BR100 10,407 Increased By 220 (2.16%)
BR30 31,713 Increased By 377.1 (1.2%)
KSE100 97,328 Increased By 1781.9 (1.86%)
KSE30 30,192 Increased By 614.4 (2.08%)

DUBAI: Saudi Arabia's stock market rose in early trade on Thursday, supported by petrochemicals and banking shares, while trade on other major bourses in the Gulf was subdued.

Saudi Arabia's benchmark index added 0.3%, driven by a 0.4% gain in Al Rajhi Bank and a 1.5% rise in Saudi Arabian Fertilizers.

Saudi Arabia said on Wednesday it had completed the first batch of its flour milling sector privatisation, according to a statement by the state grain buyer and privatisation centre.

The privatisation process had attracted initial interest from some of the world's largest agribusiness companies, including Archer Daniels Midland Co and Bunge Ltd and was seen as a litmus test for other large state asset sales to follow.

Dubai's main share index slipped 0.1%, with Emirates NBD Bank losing 0.8% and logistic firm Aramex down 1.2%.

The Abu Dhabi index eased 0.2%, hurt by a 0.7% fall in Emirates Telecommunications and a 3.7% decline in Waha Capital.

However, the index's fall was cushioned by Abu Dhabi National Energy Company, which advanced 5.2%.

On Tuesday, the company said it had agreed financing for the United Arab Emirates' largest gas-fired power plant, which is expected to cost approximately 4.2 billion dirhams ($1.14 billion).

In Qatar, the index traded flat, as its constituents moved sideways. Market heavyweight Industries Qatar added 0.6%, while Qatar Islamic Bank retreated 1.1%.

The Qatari cabinet approved on Wednesday a draft resolution that aims to raise the percentage of Qataris working at state-owned companies or where the state is an investor to 60%, state news agency QNA reported.

Comments

Comments are closed.