Most Gulf exchanges fell in early trading and the Dubai index rose according to Reuters

Most Gulf exchanges fell in early trading on Monday, with modest trading volumes in the absence of foreign investors due to the holiday season.

It fell 0.1%, with shares of Retal Urban Development down 0.6% and the National Bank of Saudi Arabia down 1.1%.

But Yanbu National Petrochemical Company’s (TADAWUL:) share jumped 0.8% after the company proposed a semi-annual dividend of 1.25 riyals.

It fell 0.5%, extending its losses for the fourth consecutive session, with the share of First Abu Dhabi Bank, the largest bank in the Emirates, falling 1.6%.

Qatar’s main market index fell 0.9%, with most of the listed stocks falling, including the Qatar Islamic Bank, which fell 1.5%.

However, Dubai’s main index rose 0.5%, supported by a 1.3% increase in the Dubai Islamic Bank (DFM:).

(Prepared by Mohamed Attia for the Arab Bulletin – Edited by Mahmoud Abdel-Gawad)