The main Gulf markets closed mixed, today, Monday, a day after recording losses after returning from the Eid al-Adha holiday, but the Abu Dhabi index set a new record.
Usually, traders in the Gulf sell shares to obtain liquidity during the holidays, and are generally cautious in anticipation of any developments in global markets during the period when the stock exchanges in the region are closed.
In Abu Dhabi, the index advanced 0.9%, setting a new record, thanks to the rise of the global holding share of 2.9%, and the Etisalat share of 1.1%. Dana Gas gained 2%, extending gains for the second day in a row, after the energy company won an arbitration case over the sale of its assets in Egypt.
The main Saudi index also rose 0.2%, with Al-Rajhi Bank gaining 0.6%, and Dr. Sulaiman Al-Habib Medical Services shares adding 2.1%.
While the main Dubai index fell 0.6 percent, under pressure of a 1.1 percent loss for Emirates NBD shares, before its board of directors meeting tomorrow to discuss the financial statements for the first half of the year. Shares in blue-chip Emaar Properties fell 1.5 percent.
The Qatari index fell 0.9%, affected by a 1.7% drop in Qatar Islamic Bank and 2.5% in Commercial Bank.
Outside the Gulf region, the main Egyptian index fell 0.5 percent, with most of the shares included in the index falling, including Commercial International Bank, which fell 1.1 percent.