AGL 40.11 Increased By ▲ 0.11 (0.28%)
AIRLINK 130.50 Increased By ▲ 0.97 (0.75%)
BOP 6.80 Increased By ▲ 0.12 (1.8%)
CNERGY 4.61 Decreased By ▼ -0.02 (-0.43%)
DCL 8.97 Increased By ▲ 0.03 (0.34%)
DFML 43.16 Increased By ▲ 1.47 (3.53%)
DGKC 84.01 Increased By ▲ 0.24 (0.29%)
FCCL 33.07 Increased By ▲ 0.30 (0.92%)
FFBL 77.65 Increased By ▲ 2.18 (2.89%)
FFL 11.75 Increased By ▲ 0.28 (2.44%)
HUBC 110.80 Increased By ▲ 0.25 (0.23%)
HUMNL 14.56 No Change ▼ 0.00 (0%)
KEL 5.63 Increased By ▲ 0.24 (4.45%)
KOSM 8.29 Decreased By ▼ -0.11 (-1.31%)
MLCF 39.80 Increased By ▲ 0.01 (0.03%)
NBP 61.00 Increased By ▲ 0.71 (1.18%)
OGDC 200.10 Increased By ▲ 0.44 (0.22%)
PAEL 26.63 Decreased By ▼ -0.02 (-0.08%)
PIBTL 7.80 Increased By ▲ 0.14 (1.83%)
PPL 160.00 Increased By ▲ 2.08 (1.32%)
PRL 26.75 Increased By ▲ 0.02 (0.07%)
PTC 18.55 Increased By ▲ 0.09 (0.49%)
SEARL 83.15 Increased By ▲ 0.71 (0.86%)
TELE 8.25 Decreased By ▼ -0.06 (-0.72%)
TOMCL 34.35 Decreased By ▼ -0.16 (-0.46%)
TPLP 9.15 Increased By ▲ 0.09 (0.99%)
TREET 16.95 Decreased By ▼ -0.52 (-2.98%)
TRG 60.20 Decreased By ▼ -1.12 (-1.83%)
UNITY 27.95 Increased By ▲ 0.52 (1.9%)
WTL 1.43 Increased By ▲ 0.05 (3.62%)
BR100 10,563 Increased By 156.4 (1.5%)
BR30 31,988 Increased By 274.4 (0.87%)
KSE100 98,520 Increased By 1192 (1.22%)
KSE30 30,667 Increased By 474.5 (1.57%)

DUBAI: Major Gulf bourses fell on Thursday and Abu Dhabi’s share index slipped more than 1%, after First Abu Dhabi Bank (FAB) withdrew its offer for a stake in Egypt’s EFG Hermes.

Global sentiment remained upbeat after recent US data raised hopes that inflation may be close to peaking, though several major central banks raised rates aggressively.

Meanwhile, oil prices slipped amid thin trading volumes ahead of a public holiday.

Abu Dhabi’s index traded lower for the second consecutive session and was last down 1%.

Shares of FAB fell 1.7% after UAE’s biggest lender said it has withdrawn its offer to buy a controlling stake in Egyptian investment bank EFG Hermes.

Shares of Dewa Water and Electrical Authority fell 2.1%. Earlier this week, the stock jumped 20% in the region’s biggest initial public offering since Saudi Aramco in 2019.

Saudi Arabia’s benchmark index fell 0.6%, with state-run Saudi Aramco down 0.5%.

The region is expected to report March inflation data later in the day.

Dubai’s main share index edged lower marginally, with gains in real estate stocks offset by losses in industrials.

The Qatari index was flat.

Comments

Comments are closed.