Most stock markets in the Gulf were down in early trade on Monday, tracking Asian peers lower ahead of U.S. inflation data later this week.
Saudi Arabia's benchmark stock index (.TASI), opens new tab fell 0.4%, dragged down by losses in most sectors, with real estate company Jabal Omar Development (4250.SE), opens new tab falling 5.3% and Riyad Bank (1010.SE), opens new tab down 2.4%.
Al Rajhi Bank (1120.SE), opens new tab fell 1.4% as the world's largest Islamic lender was trading ex-dividend.
The Qatari benchmark index (.QSI), opens new tab retreated 0.4%, weighed down by losses in most stocks, including Gulf International Services (GISS.QA), opens new tab, which fell 1.6%, and a 0.6% decline in the region's largest lender Qatar National Bank (QNBK.QA), opens new tab.
In Abu Dhabi, the benchmark stock index (.FTFADGI), opens new tab eased 0.1%, with Abu Dhabi National Oil Co for Distribution (ADNOCDIST.AD), opens new tab down 1.0% and conglomerate International Holding Co (IHC.AD), opens new tab shedding 0.1%.
Dubai's benchmark stock index (.DFMGI), opens new tab rose 0.3%, lifted by gains in industry, finance and communication services sectors. Toll-road operator Salik Co (SALIK.DU), opens new tab gained 1.4% and Mashreqbank (MASB.DU), opens new tab was up 4.7%.
However, the emirate's largest lender Emirates NBD (ENBD.DU), opens new tab lost 0.9%.
The main data event of the week will be U.S. core personal consumption expenditure (PCE) price index on Friday which is seen rising 0.3% in February, keeping the annual pace at 2.8%. Anything higher would be taken as a setback to hopes for a Federal Reserve rate cut in June.
Most Gulf currencies are pegged to the dollar.
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