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Mideast Stocks: Major Gulf markets mixed; Dubai to snap 7-day losing streak
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Middle EastMIDEAST STOCKS Major Gulf indexes make mixed start, with Qatar gaining
Reuters
3 minutes read
Major Gulf share markets were mixed on Monday, with the Qatari index boosted by Commercial Bank (COMB.QA), while Saudi Arabia s benchmark index (.TASI) slipped 0.4%.
In the Saudi market, Al Rajhi Bank (1120.SE) fell 0.5%, while Saudi National Bank (1180.SE), the kingdom s largest lender, retreated 1.7% and Arriyadh Development (4150.SE) dropped 2.4%, as the stock went ex-dividend.
However, Yanbu National Petrochemicals Company (2290.SE) climbed by more than 2%, after it reported a sharp surge in its quarterly profit.
In Dubai, the main share index (.DFMGI) fell 0.5%, hit by a 1.5% fall in Emaar Properties (EMAR.DU), Dubai s largest listed real estate developer which will go ex-dividend on Tuesday, and a 0.9% slip in Emirates NBD Bank (ENBD.DU).