Gulf stock indexes diverge, Dubai rises with the support of Emaar



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The Dubai Stock Exchange closed on Monday rising, driven by strong gains in Emaar Properties, while the Saudi Stock Exchange has retreated early, amid other Middle East stock markets.

Emaar Properties, the market leader in heavy goods, grew 1.6% in intensive trade and DAMAC Properties rose 1.4%.

The main index of the Saudi market lost 0.2%, with only 36 of the 182 shares traded. Today .

Arab Bank and National Manufacturing (manufacturing) fell 3.7 and 3.2 percent Saudi Kayan Petrochemical Co., a subsidiary of Saudi Basic Industries Corporation (SABIC), the petrochemical giant, jumped 6 , 2% to dominate the market .

Kayan said Sunday he realized Net profit reached 878.7 million riyals ($ 234.3 million) in the three months to June 30, compared to 242 million rials in the same period 39, last year.

The Abu Dhabi Index fell 0.2% Etisalat) and National Union Bank 0.9 and 5.4 percent .

The Qatar Stock Exchange index rose 0.8 percent

Here are the closing levels of the stock indexes in the Middle East:

Saudi Arabia .. The index fell 0.2% to 8448 points

Dubai: The index rose 0.4% to 2,932 points .

– Abu Dhabi The index fell 0.2% to 4 761 points .

Qatar .. The index rose 0.8% to 9,435 points .

Kuwait: The index rose 0.5 percent to 5361 points .

– Bahrain – The index rose 0.4% to reach 1,357 points

Sultanate of Oman. The index fell 0.3% to 4,434 points .

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