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%)
Markets

Saudi shares climb on higher crude while Qatar falls

  • Saudi benchmark firms for eighth straight session.
  • Ooredoo biggest faller on Qatari benchmark.
  • Emaar Properties leads gains in Dubai market.
Published February 15, 2021

Saudi shares extended gains for an eighth consecutive session on Monday on rising crude oil prices while corporate results weighed on the Qatari index .

Oil prices soared to their highest in about 13 months as vaccine rollouts promised to revive demand and producers kept supply in check.

Saudi Arabia's benchmark index advanced 0.5%, with Al Rajhi Bank rising 1.8% and National Commercial Bank climbing 1.5%.

The Qatari index lost 0.5%, dragged down by a 8.1% slide for telecoms giant Ooredoo after it reported a loss of 342 million riyals ($93.96 million) in the fourth-quarter, against a profit of 460 million riyals a year earlier.

Qatar Insurance fell 3.5% after a decline in 2020 profit.

Elsewhere, Dubai's main share index firmed 0.7%, led by a 1.9% rise for Emaar Properties despite the blue-chip developer's 58% drop in full-year profit.

Emaar founder Mohamed Alabbar was more optimistic about 2021, saying there were opportunities both traditional and technological that didn't exist five or 10 years ago.

In Abu Dhabi, the index slipped 0.3%, hit by a 1.6% decline for Aldar Properties and a 0.7% fall for the country's largest lender and index heavyweight First Abu Dhabi Bank.

Outside the Gulf, Egypt's blue-chip index firmed by 0.2%. Electronics retailer MM Group for Industry and International Trade was the best performer, extending its gains for a second straight session.

MM Group jumped more than 13% after it said on Sunday that its non-banking finance joint venture Ebtikar will be listed on the Egytptian Stock Exchange.

Comments

Comments are closed.