Proud For Profits
  • Investing
  • Stock
  • Latest News
  • Economy
  • Investing
  • Stock
  • Latest News
  • Economy
No Result
View All Result
Proud For Profits
No Result
View All Result
Home Stock

Most Gulf markets gain ahead of US election

by
November 5, 2024
in Stock
0
Most Gulf markets gain ahead of US election

By Ateeq Shariff

(Reuters) – Most stock markets in the Gulf rose on Tuesday as markets waited for early indications of the outcome of a knife-edge U.S. election.

Election Day ends an acrimonious campaign jolted by assassination attempts on Republican candidate and former President Donald Trump and the withdrawal of Democratic President Joe Biden in favour of Vice President Kamala Harris, with polls showing the candidates virtually tied.

Dubai’s main share index rose 0.2%, with Emirates Integrated Telecommunications up 2% and budget airliner Air Arabia gaining 1.1%.

In Abu Dhabi, the index added 0.6%, led by a 6.7% gain for Alpha Dhabi Holding.

ADNOC Drilling Company and Alpha Dhabi Holding announced on Monday (NASDAQ:MNDY) that their joint venture Enersol had agreed to acquire a 95% equity stake in Deep Well Services (DWS) for about $223 million including performance-based payments.

Shares of ADNOC Drilling were up 2.3%.

The Qatari index finished 0.2% higher, with Qatar Gas Transport Nakilat rising 1.5%.

Saudi Arabia’s benchmark index edged 0.2% lower, hit by a 1.5% fall in ACWA Power Company.

Oil giant Saudi Aramco (TADAWUL:2222) reversed early losses to close 0.2% higher, despite reporting a 15.4% drop in third-quarter profit due to lower crude prices and weaker refining margins. It maintained its dividend at $31.1 billion for the quarter.

Outside the Gulf, Egypt’s blue-chip index rose 0.5%.

SAUDI ARABIA fell 0.2% to 12,015

ABU DHABI rose 0.6% to 9,384

DUBAI added 0.2% to 4,595

QATAR gained 0.2% to 10,569

EGYPT up 0.5% to 30,794

BAHRAIN closed flat at 2,019

OMAN was up 0.1% to 4,722

KUWAIT gained 0.2% to 7,667

This post appeared first on investing.com
Previous Post

Data analytics firm Palantir jumps as AI boom powers software adoption

Next Post

Bernstein lifts eBay rating to “Outperform,” citing an “improved growth profile”

Next Post
Bernstein lifts eBay rating to “Outperform,” citing an “improved growth profile”

Bernstein lifts eBay rating to “Outperform,” citing an “improved growth profile”

Enter Your Information Below To Receive Trading Ideas and Latest News

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Popular News

    Trump’s proposed US takeover of Gaza Strip elicits positive response across administration

    Trump’s proposed US takeover of Gaza Strip elicits positive response across administration

    February 5, 2025
    Saudi Arabia contradicts Trump, vows no ties with Israel without creation of Palestinian state

    Saudi Arabia contradicts Trump, vows no ties with Israel without creation of Palestinian state

    February 5, 2025
    Watch For These Seasonality Patterns in 2025

    Watch For These Seasonality Patterns in 2025

    February 5, 2025
    Track all markets on TradingView

    About Proud For Profits

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Main Categories

    • Investing
    • Stock
    • Latest News
    • Economy

    Latest News

    • Trump’s proposed US takeover of Gaza Strip elicits positive response across administration
    • Saudi Arabia contradicts Trump, vows no ties with Israel without creation of Palestinian state
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 proudforprofits.com | All Rights Reserved

    No Result
    View All Result
    • Investing
    • Stock
    • Latest News
    • Economy

    Copyright © 2025 proudforprofits.com | All Rights Reserved