Insightful Word
  • Investing
  • Stock
  • Economy
  • Politics
  • Investing
  • Stock
  • Economy
  • Politics
No Result
View All Result
Insightful Word
No Result
View All Result
Home Stock

Saudi bourse extends rebound from 4-month low; Qatar falls

admin by admin
December 1, 2024
in Stock
0
Saudi bourse extends rebound from 4-month low; Qatar falls
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter

By Ateeq Shariff

(Reuters) – Saudi Arabia’s stock market ended higher on Sunday, building on the previous session’s rebound from a near four-month low.

Saudi Arabia’s benchmark index gained 0.9%, with aluminium products manufacturer Al Taiseer Group rising 0.7% and Al Rajhi Bank increasing 1.9%.

Among other gainers, oil giant Saudi Aramco (TADAWUL:2222) added 0.4%, ahead of a meeting of OPEC+.

OPEC+ is discussing postponing its oil output hike due to start in January for the first quarter of 2025, Reuters reported on Thursday, citing OPEC+ sources, and will hold further talks on this and other options ahead of its delayed policy meeting on Dec. 5.

In Qatar, the index eased 0.2%, hit by a 1% fall in petrochemical maker Industries Qatar and a 0.8% decrease in Qatar Islamic Bank.

Outside the Gulf, Egypt’s blue-chip index gained 0.7%, led by a 2.9% rise in tobacco monopoly Eastern Company.

Egypt’s M2 money supply rose by 29.54% year-on-year in October, central bank data showed.

Money supply stood at 11.24 trillion Egyptian pounds ($226.84 billion), up from 8.68 trillion pounds in the same month last year.

SAUDI ARABIA rose 0.9% to 11,742

QATAR eased 0.2% to 10,393

EGYPT up 0.8% to 30,497

BAHRAIN was flat at 2,031

OMAN gained 0.3% to 4,578

($1 = 49.5500 Egyptian pounds)

This post appeared first on investing.com

Previous Post

Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.86%

Next Post

10 key investor questions on MicroStrategy stock answered by Bernstein

admin

admin

Next Post
10 key investor questions on MicroStrategy stock answered by Bernstein

10 key investor questions on MicroStrategy stock answered by Bernstein

Trending News

China cuts short-term borrowing costs

China cuts short-term borrowing costs

September 27, 2024
Elon Musk vs. Mukesh Ambani: Who will dominate India’s satellite internet market?

Elon Musk vs. Mukesh Ambani: Who will dominate India’s satellite internet market?

October 24, 2024
Samsung to invest in US health-care software and device company Exo? What we know

Samsung to invest in US health-care software and device company Exo? What we know

May 27, 2025
Subscribe to Insightful Word


    Recent News

    S&P 500 nears record high despite headwinds: key drivers behind the surprise rally

    S&P 500 nears record high despite headwinds: key drivers behind the surprise rally

    June 26, 2025
    Top Nasdaq 100 Index stocks of 2025 as it breaks new all-time high

    Top Nasdaq 100 Index stocks of 2025 as it breaks new all-time high

    June 26, 2025
    S&P 500 nears record high as Wall Street opens higher amid tech momentum

    S&P 500 nears record high as Wall Street opens higher amid tech momentum

    June 26, 2025
    Galaxy Digital launches $175 million fund to back DeFi and stablecoin startups

    Galaxy Digital launches $175 million fund to back DeFi and stablecoin startups

    June 26, 2025

    Recent News

    S&P 500 nears record high despite headwinds: key drivers behind the surprise rally

    S&P 500 nears record high despite headwinds: key drivers behind the surprise rally

    June 26, 2025
    Top Nasdaq 100 Index stocks of 2025 as it breaks new all-time high

    Top Nasdaq 100 Index stocks of 2025 as it breaks new all-time high

    June 26, 2025

    Latest News

    • S&P 500 nears record high despite headwinds: key drivers behind the surprise rally
    • Top Nasdaq 100 Index stocks of 2025 as it breaks new all-time high
    • S&P 500 nears record high as Wall Street opens higher amid tech momentum

    About Insightful Word

    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools
    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools

    Copyright © 2025 Insightfulword.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Politics

    Copyright © 2025 Insightfulword.com. All Rights Reserved.