Saudi Arabia’s benchmark index gained 0.3%, with aluminium products manufacturer Al Taiseer Group rising 0.4% and ACWA Power Company closing 1.6% higher. Among other gainers, Arabian Internet and Communications Services advanced 1.2% after the firm signed a 309.7 million riyals ($82.50 million) contract with Saudi Telecom Company (STC). On the other hand, oil behemoth Saudi Aramco eased 0.2%. Dubai’s main share index gained 0.4%, with blue-chip developer Emaar Properties climbing 1.5%. In Abu Dhabi, the index inched 0.2% higher, supported by a 3.7% rise in Fertiglobe.

Source: The North Africa Journal October 16, 2024 13:53 UTC