An investor monitors a screen displaying stock information at the Abu Dhabi Securities Exchange June 25, 2014
Major Gulf bourses were mixed in trading on Monday, with Saudi Arabia’s benchmark index (.TASI) rising a day after oil giant Saudi Aramco (2222.SE) posted a surge in annual profit.
Across the globe, share markets were in a sober mood as fighting in Ukraine raged on with no sign of stopping, leaving investors clutching at hopes for an eventual peace deal, while oil prices climbed anew as supplies remained tight.
Oil prices jumped $3 on Monday, with Brent above $110 a barrel, as European Union nations consider joining the United States in a Russian oil embargo, while a weekend attack on Saudi oil facilities caused jitters.
Saudi Arabia’s benchmark index (.TASI) advanced 0.4%, with state-run Saudi Aramco (2222.SE) up 0.8%, valuing it at 8.65 trillion riyals ($2.31 trillion).
The oil giant had risen over 4% on Sunday after posting a near double annual profit. read more
The jump in stock took Aramco’s valuation to 8.76 trillion riyals, or the equivalent of $2.34 trillion, more than that of Microsoft (MSFT.O) but still behind Apple’s (AAPL.O) $2.68 trillion.
Abdullah Al Othaim Markets (4001.SE) fell 1.9% after it began trading ex-dividend.
The Abu Dhabi index (.FTFADGI) fell for the second consecutive session, down 0.3%.
Dubai’s main share index (.DFMGI) was trading 0.3% higher, boosted by financials and industrials.
Emirates NBD Bank (ENBD.DU) was up 2.2% while Dubai Investments PJSC (DINV.DU) was up 3.5%.
The Qatari index (.QSI) was nearly flat, up 0.1%.
Shares of Commercial Bank (COMB.QA) were up 1.1%, after the company’s shareholders approved raising foreign ownership limit to 100%.
($1 = 3.7515 riyals)Reporting by Tanvi Mehta in Bengaluru; Editing by Edmund Blair
This article was originally published by Reuters.
Ghada Ashour, who grew up in Gaza, becomes fifth scholar selected for FIA’s flagship scholarship initiative Dubai, UAE, 8th December, 2025: The FIA’s United Against Online Abuse (UAOA) Campaign has welcomed Ghada Ashour, a 24-year-old student from Palestine, to its flagship scholarship programme, created to empower the next generation of researchers in the fight against online abuse in sport. Ghada grew up in Gaza where she has been studying remotely until gaining her place on the UAOA scholarship, which brought her to Dublin City University (DCU), Ireland. Becoming the fifth scholar to join the scholarship, she was selected based on her interests in social media, and her strong passion for advancing insights in this area for the benefit of everyone participating in sport. Launched in 2023, the programme offers talented students and young professionals from diverse backgrounds the opportunity to engage in cutting-edge research on the impact, prevalence, and prevention of online abuse in sport with a focus on developing practical solutions. Funded by the FIA Foundation, the UAOA scholars have been selected to undertake invaluable research at DCU based on their project proposals, dedication to achieving positive social change, and their unique perspectives approaching this issue. Ghada’s thesis, which will be printed in English and translated into Arabic, will focus specifically on the …
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