15.8 C
Qādiān
Tuesday, April 1, 2025

Reshaping Perspectives and Catalyzing Diplomatic Evolution

Qatar leads collective gains for Gulf stock exchanges

Gulf stock market indices closed collectively higher, led by Qatar, on Tuesday, with the continued rise of crude oil prices in global markets, approaching $80 for Brent mix.

By 12:30 (GMT), Brent crude contracts for December delivery rose by 67 cents, or 0.85 percent, to trade at $79.39 a barrel.

And US West Texas Intermediate crude contracts, for November delivery, increased by 82 cents, or 1.09 percent, to $76.27 a barrel.

The Saudi market index rose 0.12% and closed at 11,382.4 points, supported by strong gains for the oil giant’s share, “Aramco”, up by 3.56%, and the share of the petrochemical producer, “SABIC” by 0.63%.

The Qatar Stock Exchange index rose 0.66% to 11,386.5 points, and the petrochemical producer “Industries Qatar” share led gains by 3.59%, and the “Mannai Complex” share increased by 1.73 percent.

In the UAE, the Dubai Stock Exchange index rose 0.48 percent to 2830.7 points, and the most prominent gainers were the shares of Emirates NBD and Union Real Estate, up by 1.81 percent and 1.4 percent, respectively.

The Abu Dhabi market index increased by 0.06 percent to 7756.3 points, and led the gains for the second day in a row, “Gulf Cement” share, up by 11.11 percent, and “energy” share increased by 0.8 percent.

The first index in the Kuwait market recorded a slight increase of 0.01 percent to 7,503.21 points, and the gains were led by “consumer” and “real estate” shares, up by 16.33 percent and 1.49 percent, respectively.

The Muscat Stock Exchange index rose 0.53 percent to 3,952.13 points, led by the “Omani Fisheries” and “Al-Madina Investment” shares, up 7.89 percent and 7.14 percent, respectively.

The Bahrain index increased by 0.22 percent to 1701.8 points, supported by gains in banking shares, led by Al Salam Bank and Ahli United Bank, up by 1.2 percent and 0.32 percent, respectively.

More

Romantic Warrior Faces a Date with Destiny in Riyadh

Multiple Group One winner Romantic Warrior faces a date...
Follow The Eastern Herald on Google News. Show your support if you like our work.

Author

Arab Desk
Arab Desk
The Eastern Herald’s Arab Desk validates the stories published under this byline. That includes editorials, news stories, letters to the editor, and multimedia features on easternherald.com.

Editor's Picks

Trending Stories

Laurita Fernandez poses totally nude on her back in her Instagram

Laurita Fernandez is one of the most talented dancers...

Prostitution in Dubai: Understanding the Dark Side of the City

Dubai, a city celebrated for its lavish shopping experiences,...

BRICS strengthens economic independence by moving away from US dollar

Russia and Iran have officially announced that 96% of...

US military buildup in Japan defense strategy or dangerous escalation

The United States has embarked on a significant military...