Most major stock markets in the Gulf rose in early trade on Monday, with the Dubai index outperforming the region, although the Abu Dhabi index bucked the trend, reports Reuters.
Dubai's main share index - which traded after a four-session break - gained 1.3 per cent, driven by a 3 per cent jump in blue-chip developer Emaar Properties and a 1.7 per cent increase in Emirates NBD Bank.
Saudi Arabia's benchmark index added 0.2 per cent, helped by a 0.8 per cent rise in Dr Sulaiman Al-Habib Medical Services.
Among other gainers, Etihad Etisalat Company advanced 2.4 per cent a day before trading ex-dividend.
In Qatar, the index rose 0.2 per cent, with petrochemical maker Industries Qatar putting on 0.8 per cent and Qatar Gas Transport Nakilat Co climbing 1 per cent.
In Abu Dhabi, the economy of which is mostly reliant on oil, the index traded 0.1 per cent lower as the commodity slipped.
Dubai leads Gulf markets higher; Abu Dhabi falls as oil slips
FE Team | Published: July 03, 2023 21:53:37
Dubai leads Gulf markets higher; Abu Dhabi falls as oil slips
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