Most major Gulf stock markets fell on Sunday, led by the Abu Dhabi bourse, while Saudi Arabia closed higher supported by gains in telecom and healthcare shares.
Middle EastMIDEAST STOCKS Major Gulf stocks mixed in early trade, IHC lifts Abu Dhabi
Reuters
3 minute read
Major Gulf stock markets were mixed in early trade on Thursday, with stocks in Saudi Arabia and Dubai witnessing a fall, while Abu Dhabi index gained after aquaculture firm International Holding Company (IHC.AD) reported a higher quarterly profit.
Saudi Arabia s benchmark index (.TASI) was down 0.3% as Dr. Sulaiman Al-Habib Medical Services Group shed 0.7%.
Abdullah Al-Othaim Markets Company (4001.SE) declined nearly 4% to be the second biggest drag on the index. The food retailer reported more than 40% decrease in quarterly profit to 57.7 million riyals ($15.39 million).
May 3, 20218:43 AM UTC
Middle EastMIDEAST STOCKS Most major Gulf stocks gain in early trade, earnings support Abu Dhabi
Reuters
3 minute read
Most major Gulf stock markets were slightly up in early trade on Monday, with Abu Dhabi gaining on corporate earnings, while Saudi Arabia was supported by project expansion announcements from Dr. Sulaiman Al-Habib Medical Services Group (4013.SE) and consumer food and beverages firm Almarai (2280.SE).
Abu Dhabi s benchmark index (.ADI) was up 0.2% as Emirates Telecommunications Group (ETISALAT.AD) advanced 1%, extending gains from the previous session after the telecom operator reported nearly 8% increase in first-quarter profit on Thursday.
Abu Dhabi Islamic Bank (ADIB.AD) rose 1.2%. The Islamic lender on Sunday reported 125.3% jump in first-quarter profit to 607.6 million dirhams ($165.45).