GCC Market Insights (08.November 2021): Top Gainers Were Zad Holding Company and United Development Company, among the Top Losers, Inma Holding and Gulf International Services

The QE Index rose 0.3% to close at 11,973.0. Gains were led by the Real Estate and Banks & Financial Services indices, gaining 0.6% and 0.5%, respectively. Top gainers were Zad Holding Company and United Development Company, rising 1.2% and 1.0%, respectively. Among the top losers, Inma Holding fell 1.4%, while Gulf International Services was down 1.2%.

Saudi Arabia: The TASI Index gained 0.8% to close at 11,841.6. Gains were led by the Banks and Food & Beverages indices, rising 1.4% and 1.2%, respectively. Naseej International Trading Co. rose 9.9%, while Herfy Food Services Co. was up 5.9%.

Dubai: The DFM Index fell 0.3% to close at 3,098.4. The Transportation index declined 2.7%, while the Real Estate & Construction index fell 1.3%. Union Properties declined 4.7%, while Aramex was down 3.9%.

Abu Dhabi: The ADX General Index gained 1.0% to close at 8,093.7. The Energy index rose 2.9%, while the Investment & Financial Services index gained 2.2%. Fujairah Cement Industries rose 15.0%, while Al Buhaira National Insurance was up 14.1%.

Kuwait: The Kuwait All Share Index gained 0.2% to close at 7,218.9. The Technology index rose 5.8%, while the Utilities index gained 1.2%. Fujairah Cement Industries rose 11.9%, while Credit Rating & Collection was up 9.3%.

Oman: The MSM 30 Index gained 0.1% to close at 4,053.2. Gains were led by the Financial and Industrial indices, rising 0.2% and 0.1%, respectively. Oman Qatar Insurance rose 3.0%, while Al Batinah Power was up 2.0%.

Bahrain: The BHB Index gained 0.4% to close at 1,785.6. The Materials index rose 2.1%, while the Financials index gained 0.2%. Aluminium Bahrain rose 2.3%, while Bahrain Islamic Bank was up 1.3%.