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%)
Markets Print 2021-02-16

Saudi shares climb, Qatar falls

• Saudi benchmark firms for eighth straight session • Ooredoo biggest faller on Qatari benchmark • Emaar...
Published February 16, 2021

• Saudi benchmark firms for eighth straight session

• Ooredoo biggest faller on Qatari benchmark

• Emaar Properties leads gains in Dubai market

DUBAI: 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.