The Saudi market index fell by 0.5 percent, affected by a 1.4 percent drop in Al-Tayseer Aluminum Products Manufacturing Group shares and a 1.1 percent drop in Al Rajhi Bank shares.
The Saudi energy index fell 0.1 percent.
The Qatari index also fell 1.4 percent, influenced by a 2.3 percent drop in Qatar National Bank stock and a 3.3 percent drop in Qatar Petrochemical Company stock.
The Dubai Financial Market Index rose 1.1 percent, led by Salik Highway Toll Collection Company shares, which increased 3.7 percent, and Emaar Development shares, which rose 10.3 percent after the company increased profits net announced in nine months.
The Abu Dhabi index fell 0.2 percent.
Investors are awaiting further signals from US inflation data and statements from Federal Reserve officials this week.
Investors expect an 87 percent chance the US central bank will cut interest rates in December by 25 basis points.
Outside the Gulf region, Egypt’s main stock index fell 0.1 percent, with International Commercial Bank shares falling 0.5 percent. (Sky News)
2024-11-12 16:37:00
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