Thursday , July 29 2021

The Dubai Stock Exchange rose in the morning trading thanks to major stocks

SHARJAH, March 24 (Reuters)

The Dubai bourse rose early in the trading session on Sunday, backed by stocks of real estate companies and banks, while performance by the rest of the Gulf markets.

The Dubai index rose 0.4%, led by Emaar Properties, up 1%, and Emirates NBD up 0.5%, after profit in the fourth quarter of last week increased by 10%, Emaar Properties jumping 1.2% and Dubai Islamic Bank 0.2%.

The Abu Dhabi index rose 0.1 percent, led by Abu Dhabi, which climbed 7.8 percent, and Abu Dhabi Commercial Bank, which rose 0.5 percent, and fell 0.4 percent.

Saudi Basic Industries Corp (SABIC) jumped 1%, while Almarai fell 4.3% after the largest Gulf dairy company reported a 28% drop in net profit after Zakat and Tax. Savola Group fell 3.9%.

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