AGL 38.52 Increased By ▲ 0.95 (2.53%)
AIRLINK 131.35 Decreased By ▼ -1.15 (-0.87%)
BOP 5.59 Decreased By ▼ -0.05 (-0.89%)
CNERGY 3.84 Increased By ▲ 0.07 (1.86%)
DCL 8.80 Decreased By ▼ -0.07 (-0.79%)
DFML 41.31 Increased By ▲ 0.31 (0.76%)
DGKC 87.92 Decreased By ▼ -2.24 (-2.48%)
FCCL 35.25 Increased By ▲ 0.17 (0.48%)
FFBL 66.50 No Change ▼ 0.00 (0%)
FFL 10.63 Increased By ▲ 0.48 (4.73%)
HUBC 109.43 Increased By ▲ 3.03 (2.85%)
HUMNL 14.66 Increased By ▲ 1.26 (9.4%)
KEL 4.74 Decreased By ▼ -0.12 (-2.47%)
KOSM 7.02 Increased By ▲ 0.17 (2.48%)
MLCF 42.40 Increased By ▲ 0.60 (1.44%)
NBP 59.69 Increased By ▲ 1.11 (1.89%)
OGDC 183.96 Increased By ▲ 2.71 (1.5%)
PAEL 25.65 Decreased By ▼ -0.05 (-0.19%)
PIBTL 5.90 Increased By ▲ 0.07 (1.2%)
PPL 147.72 Decreased By ▼ -0.68 (-0.46%)
PRL 23.51 Increased By ▲ 0.29 (1.25%)
PTC 16.47 Increased By ▲ 1.23 (8.07%)
SEARL 69.41 Increased By ▲ 0.62 (0.9%)
TELE 7.21 Decreased By ▼ -0.03 (-0.41%)
TOMCL 36.00 No Change ▼ 0.00 (0%)
TPLP 7.82 Increased By ▲ 0.42 (5.68%)
TREET 14.20 Decreased By ▼ -0.04 (-0.28%)
TRG 50.65 Decreased By ▼ -0.20 (-0.39%)
UNITY 26.80 Increased By ▲ 0.40 (1.52%)
WTL 1.22 Increased By ▲ 0.01 (0.83%)
BR100 9,813 Increased By 45.4 (0.47%)
BR30 29,766 Increased By 366.4 (1.25%)
KSE100 92,315 Increased By 377.4 (0.41%)
KSE30 28,840 Increased By 96.7 (0.34%)

Major stock markets in the Gulf were mixed in early trade on Thursday as investors parsed through corporate earnings for clues, with Qatari shares extending losses to a fourth session.

The Qatari index fell 0.6%, dragged down by a 1.8% drop in Industries Qatar after a drop in quarterly net profit.

The petrochemical maker reported a net profit of 1.6 billion riyals ($439.56 million) for the third quarter, down from 2.1 billion riyals a year ago.

Qatar Insurance plunged as much as 9.5% in its biggest intraday fall in more than two-and-a-half years, as the insurer swung to a nine-month loss of 130.7 million riyals compared to a profit of 498.2 mln riyals a year earlier. Dubai’s main share index added 0.2%, helped by a 0.8% increase in top lender Emirates NBD on strong quarterly earnings.

In Abu Dhabi, the index advanced 1%, buoyed by a 4.7% jump in Multiply Group ahead of its earnings.

Saudi Arabia’s benchmark index dropped 0.4%, dragged by a 1.4% fall in Retal Urban Development Co and a 4.1% slide in Saudi National Bank (SNB).

SNB, the kingdom’s largest, said on Thursday it was taking part in Credit Suisse Group’s capital raising and committed to investing up to 1.5 billion Swiss francs ($1.52 billion) to take a stake of up to 9.9%.

Meanwhile, oil giant Saudi Aramco gained 0.9%.

Most major Gulf bourses slip on falling oil, weak earnings

On Thursday, South Korean refiner S-Oil Corp, whose largest shareholder is Aramco, said it projected regional refining margins would improve in the fourth quarter on seasonal demand.

Comments

Comments are closed.