Saudi bourse extends rebound from 4-month low; Qatar falls
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 01 2024
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Source: Reuters
Saudi Arabia's Stock Market Performance: The Saudi stock market rose by 0.9% on Sunday, with notable gains from Al Taiseer Group and Al Rajhi Bank, while oil giant Saudi Aramco increased by 0.4% ahead of an OPEC+ meeting discussing potential delays in oil output hikes.
Market Trends in Qatar and Egypt: Qatar's index fell by 0.2%, influenced by declines in petrochemical and banking sectors, whereas Egypt's blue-chip index gained 0.7%, driven by a rise in the Eastern Company; additionally, Egypt's M2 money supply saw a significant year-on-year increase of 29.54%.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
