Most Gulf bourses closed higher on Thursday amid earnings optimism, but Kuwait's market slipped to a fresh seven-month low as political turmoil and weak banking sector earnings weighed on investor sentiment.
In the United Arab Emirates, struggling developer Aldar Properties said second-quarter net profit increased three-fold, buoyed by delivery of 1,058 high-end residential beach units.
Share in Aldar, now near-majority owned by government fund Mubadala after being thrown two financial lifelines by the state, gained 1.6 percent to its highest close since March 28.
Abu Dhabi's measure rose 0.8 percent, up for a third straight session to a near-four-month high.
No comments:
Post a Comment