2024-01-11T14:56:44+00:00
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/ Most stock markets in the Gulf region closed higher on Thursday, before the announcement of important data on inflation in the United States.
The Qatari index rose 0.2 percent, supported by a jump in the shares of Qatar Navigation Company (Milaha) amounting to 4.3 percent.
In Abu Dhabi, the index closed 0.5 percent higher, with the shares of First Abu Dhabi Bank, the largest bank in the Emirates, rising 2.5 percent, continuing its rise for the fifth session in a row.
The Saudi index gave up its early gains to close down 0.2 percent, continuing the decline for the fourth session in a row, due to the Cooperative Insurance Company’s stock declining 3.7 percent.
Dubai’s main stock index fell 0.3 percent, retreating from the highest level in three months that it recorded in the previous session, under pressure from the 1.5 percent drop in leading stock Emaar Properties.
Outside the Gulf region, Egypt’s leading stock index, EGX30, rose by 0.2 percent after Commercial International Bank shares rose 0.6 percent.