AGL 37.90 Increased By ▲ 0.33 (0.88%)
AIRLINK 132.00 Decreased By ▼ -0.50 (-0.38%)
BOP 5.64 No Change ▼ 0.00 (0%)
CNERGY 3.79 Increased By ▲ 0.02 (0.53%)
DCL 8.70 Decreased By ▼ -0.17 (-1.92%)
DFML 40.89 Decreased By ▼ -0.11 (-0.27%)
DGKC 88.65 Decreased By ▼ -1.51 (-1.67%)
FCCL 35.25 Increased By ▲ 0.17 (0.48%)
FFBL 66.20 Decreased By ▼ -0.30 (-0.45%)
FFL 10.37 Increased By ▲ 0.22 (2.17%)
HUBC 109.20 Increased By ▲ 2.80 (2.63%)
HUMNL 14.20 Increased By ▲ 0.80 (5.97%)
KEL 4.85 Decreased By ▼ -0.01 (-0.21%)
KOSM 7.03 Increased By ▲ 0.18 (2.63%)
MLCF 42.10 Increased By ▲ 0.30 (0.72%)
NBP 59.80 Increased By ▲ 1.22 (2.08%)
OGDC 184.93 Increased By ▲ 3.68 (2.03%)
PAEL 25.60 Decreased By ▼ -0.10 (-0.39%)
PIBTL 5.88 Increased By ▲ 0.05 (0.86%)
PPL 148.10 Decreased By ▼ -0.30 (-0.2%)
PRL 23.12 Decreased By ▼ -0.10 (-0.43%)
PTC 16.33 Increased By ▲ 1.09 (7.15%)
SEARL 68.20 Decreased By ▼ -0.59 (-0.86%)
TELE 7.26 Increased By ▲ 0.02 (0.28%)
TOMCL 35.85 Decreased By ▼ -0.15 (-0.42%)
TPLP 7.55 Increased By ▲ 0.15 (2.03%)
TREET 14.20 Decreased By ▼ -0.04 (-0.28%)
TRG 50.90 Increased By ▲ 0.05 (0.1%)
UNITY 26.38 Decreased By ▼ -0.02 (-0.08%)
WTL 1.22 Increased By ▲ 0.01 (0.83%)
BR100 9,773 Increased By 5.4 (0.06%)
BR30 29,763 Increased By 362.6 (1.23%)
KSE100 92,058 Increased By 120.4 (0.13%)
KSE30 28,708 Decreased By -35.8 (-0.12%)

Stock markets in United Arab Emirates ended lower on Friday as oil prices fell after top crude importer China widened its COVID-19 curbs.

Oil, which fuels the region’s growth, declined to $96.46 a barrel by 1047 GMT, having climbed by 1.3% in the previous session.

Friday’s declines came after Chinese cities ramped up COVID-19 curbs on Thursday, sealing up buildings and locking down districts in a scramble to halt widening outbreaks.

In Abu Dhabi, the index dropped 0.1%, pressured by a 0.5% dip in the country’s largest lender First Abu Dhabi Bank, while Abu Dhabi Polymers Co Borouge was down 1.4% after reporting more than 23% decline in third-quarter net profit.

However, the index gained 5.5% this month, as it ended the week 1.7% higher according to Refinitiv data.

“The Abu Dhabi stock market slowed down after yesterday’s surge as traders moved to secure their gains. The market was also weighed by mixed local company earnings”, said Farah Mourad, Senior Market Analyst of XTB MENA.

Major Gulf markets mixed in early trade

Dubai benchmark index eased 0.5%, weighed down by its real estate stocks. The blue-chip developer Emaar Properties slumped 1.5%.

UAE’s top lender Emirates NBD also retreated 0.1% after it surged 1.1% on Thursday following strong quarterly earnings.

The index notched up a 0.3% monthly gain but ended the week 1.5% lower.

Major stock markets elsewhere in the Gulf region were closed.

===========================================
 ABU DHABI      fell 0.1% to 10,287 points
 DUBAI          eased 0.5% to 3,349 points
===========================================

Comments

Comments are closed.