AGL 38.52 Increased By ▲ 0.95 (2.53%)
AIRLINK 131.01 Decreased By ▼ -1.49 (-1.12%)
BOP 5.60 Decreased By ▼ -0.04 (-0.71%)
CNERGY 3.84 Increased By ▲ 0.07 (1.86%)
DCL 8.78 Decreased By ▼ -0.09 (-1.01%)
DFML 41.30 Increased By ▲ 0.30 (0.73%)
DGKC 88.51 Decreased By ▼ -1.65 (-1.83%)
FCCL 35.30 Increased By ▲ 0.22 (0.63%)
FFBL 66.50 No Change ▼ 0.00 (0%)
FFL 10.65 Increased By ▲ 0.50 (4.93%)
HUBC 109.27 Increased By ▲ 2.87 (2.7%)
HUMNL 14.66 Increased By ▲ 1.26 (9.4%)
KEL 4.74 Decreased By ▼ -0.12 (-2.47%)
KOSM 7.05 Increased By ▲ 0.20 (2.92%)
MLCF 42.42 Increased By ▲ 0.62 (1.48%)
NBP 59.69 Increased By ▲ 1.11 (1.89%)
OGDC 183.90 Increased By ▲ 2.65 (1.46%)
PAEL 25.69 Decreased By ▼ -0.01 (-0.04%)
PIBTL 5.90 Increased By ▲ 0.07 (1.2%)
PPL 147.69 Decreased By ▼ -0.71 (-0.48%)
PRL 23.51 Increased By ▲ 0.29 (1.25%)
PTC 16.45 Increased By ▲ 1.21 (7.94%)
SEARL 69.41 Increased By ▲ 0.62 (0.9%)
TELE 7.21 Decreased By ▼ -0.03 (-0.41%)
TOMCL 35.73 Decreased By ▼ -0.27 (-0.75%)
TPLP 7.85 Increased By ▲ 0.45 (6.08%)
TREET 14.21 Decreased By ▼ -0.03 (-0.21%)
TRG 50.53 Decreased By ▼ -0.32 (-0.63%)
UNITY 26.83 Increased By ▲ 0.43 (1.63%)
WTL 1.22 Increased By ▲ 0.01 (0.83%)
BR100 9,817 Increased By 49 (0.5%)
BR30 29,777 Increased By 377.3 (1.28%)
KSE100 92,332 Increased By 394.3 (0.43%)
KSE30 28,843 Increased By 99.3 (0.35%)

Saudi Arabia's stock market rose on Sunday, in response to higher crude oil prices late last week, while the Qatari index extended loses on profit taking.

Saudi Arabia's benchmark index gained 0.5%, rising for a ninth session in ten, led by a 3.6% jump in Islamic lender Al Rajhi Bank.

Brent futures settled up $2.92, or 2.68%, at $111.70 a barrel on Thursday ahead of a long weekend on news that the European Union might phase in a ban on Russian oil imports.

Also, ratings agency Fitch revised its outlook on Saudi Arabia to "positive" from "stable" on Thursday, citing improvements in the country's sovereign balance sheet given higher oil revenues.

The kingdom expects to post its first budget surplus in nearly a decade this year by keeping a tight rein on spending while revenues roll in, boosted by higher crude prices, Finance Minister Mohammed al-Jadaan said in December.

In Qatar, the index dropped 0.9%, extending losses from the previous session after a record high touched last week sparked profit taking.

Qatar Islamic Bank retreated 2.5%, while Qatar National Bank finished 2.1% lower.

Dubai bourse clocks fourth weekly gain; Abu Dhabi ends flat

Outside the Gulf, Egypt's blue-chip index edged up 0.3%, helped by a 1.9% rise in top lender Commercial International Bank following a rise in first-quarter profit.

Elsewhere, EFG Hermes rebounded 1.6%.

The Egyptian investment bank plunged by around a fifth in the previous session, its biggest fall in about 16 years, after First Abu Dhabi Bank (FAAB) withdrew its offer for a controlling stake.

FAB, the United Arab Emirates' biggest lender, cited global market uncertainty and volatile macro-economic conditions for the withdrawal.

Abu Qir Fertilizers and Chemical Industries fell more than 2% after the firm revised its annual dividend to one Egyptian pound ($0.0544) from 2 earlier.

SAUDI ARABIA rose 0.5% to 13,682

QATAR lost 0.9% to 13,995

EGYPT up 0.3% to 10,708

BAHRAIN was flat at 2,102

OMAN rose 0.5% to 4,258

KUWAIT eased 0.1% to 9,168

Comments

Comments are closed.