Latest news with #QatarNationalBank
Zawya
a day ago
- Business
- Zawya
Qatar National Bank suspends share buyback, to resume on July 10
Doha: Qatar National Bank (QNB) Group said that in accordance with Qatar Financial Markets Authority regulations, QNB will not conduct its share repurchase during the closed period commencing from 25 June 2025 to 9 July 2025, due to the upcoming publication of QNB Group's interim financial results for the six months period ending 30 June 2025. QNB will recommence its share repurchase from 10 July 2025, QNB said in a statement published on Qatar Stock Exchange website. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
3 days ago
- Business
- Zawya
Mideast Stocks: Most Gulf markets gain on Iran-Israel truce
Most stock markets in the Gulf edged higher on Wednesday, extending gains from previous sessions when they rose sharply following a ceasefire between Israel and Iran. The ceasefire brokered by U.S. President Donald Trump appeared to be holding on Wednesday, a day after both countries signalled that their air conflict had ended, at least for now. Saudi Arabia's benchmark index added 0.1% in choppy trade, helped by a 1% rise in Saudi National Bank, the country's biggest lender by assets. The recent rally was fuelled by reduced geopolitical tensions following the ceasefire, which encouraged investors to return to riskier assets, said George Pavel General Manager at Middle East. Oil prices recovered a little after sliding earlier this week, as investors assessed the stability of the ceasefire, while support also came from data that showed U.S. demand was relatively strong. Traders and analysts also saw some support from market expectations that the Federal Reserve could soon cut U.S. interest rates. The Fed's decision affects monetary policy in the Gulf where most currencies, including the Saudi riyal, are pegged to the U.S. dollar. Dubai's main share index added 0.4%, led by a 1.3% rise in top lender Emirates NBD. In Abu Dhabi, the index finished 0.2% higher. The Qatari index advanced 1.1%, boosted by a 1.8% gain in the Gulf's biggest lender Qatar National Bank. Outside the Gulf, Egypt's blue-chip index climbed 1.2%, hitting its highest since March 2024, with Commercial International Bank closing 1.3% higher. Egypt's prime minister said gas supplies would resume to factories on Friday after being halted in recent days because tensions in the Middle East led to a shortage, a cabinet statement said on Wednesday. SAUDI ARABIA up 0.1% to 10,974 Abu Dhabi rose 0.2% to 9,811 Dubai added 0.4% to 5,613 QATAR gained 1.1% to 10,644 EGYPT up 1.2% to 33,003 BAHRAIN was up 0.5% to 1,921 OMAN lost 0.6% to 4,514 KUWAIT added 0.7% to 8,963
Arab News
3 days ago
- Business
- Arab News
Major Gulf markets gain on easing regional conflict
LONDON: Major stock markets in the Gulf rose in early trade on Wednesday, on course to extend gains from the previous session when they registered sharp gains following a ceasefire between Israel and Iran. The ceasefire brokered by US President Donald Trump appeared to be holding on Wednesday, a day after both countries signalled that their air conflict had ended, at least for now. Saudi Arabia's benchmark index added 0.2 percent, helped by a 1 percent rise for Saudi National Bank, the country's biggest lender by assets. Elsewhere, Specialized Medical Company opened 0.2 percent lower in debut trade. Oil prices climbed as investors assessed the stability of a ceasefire, while support also came from market expectations that US interest rate cuts could happen soon. The Fed's decision affects monetary policy in the Gulf, where most currencies, including the Saudi riyal, are pegged to the US dollar. Dubai's main share index gained 0.4 percent, with top lender Emirates NBD rising 2 percent. In Abu Dhabi, the index was up 0.1 percent. The Qatari index increased 0.3 percent, with the Gulf's biggest lender Qatar National Bank gaining 0.9 percent. Qatar reopened its airspace after a brief suspension, its civil aviation authority said early on Tuesday, following a missile attack by Iran on an American air base in Qatar on Monday that caused no injuries.
Zawya
3 days ago
- Business
- Zawya
Mideast Stocks: Major Gulf markets gain on easing regional conflict
Major stock markets in the Gulf rose in early trade on Wednesday on course to extend gains from the previous session when they registered sharp gains following a ceasefire between Israel and Iran. The ceasefire brokered by U.S. President Donald Trump appeared to be holding on Wednesday, a day after both countries signalled that their air conflict had ended, at least for now. Saudi Arabia's benchmark index added 0.2%, helped by a 1% rise for Saudi National Bank, the country's biggest lender by assets. Elsewhere, Specialized Medical Company opened 0.2% lower in debut trade. Oil prices climbed as investors assessed the stability of a ceasefire, while support also came from market expectations that U.S. interest rate cuts could happen soon. The Fed's decision affects monetary policy in the Gulf where most currencies, including the Saudi riyal, are pegged to the U.S. dollar. Dubai's main share index gained 0.4%, with top lender Emirates NBD rising 2%. In Abu Dhabi, the index was up 0.1%. The Qatari index increased 0.3%, with the Gulf's biggest lender Qatar National Bank gaining 0.9%. Qatar reopened its airspace after a brief suspension, its civil aviation authority said early on Tuesday, following a missile attack by Iran on an American air base in Qatar on Monday that caused no injuries.
Reuters
3 days ago
- Business
- Reuters
Major Gulf markets gain on easing regional conflict
June 25 (Reuters) - Major stock markets in the Gulf rose in early trade on Wednesday on course to extend gains from the previous session when they registered sharp gains following a ceasefire between Israel and Iran. The ceasefire brokered by U.S. President Donald Trump appeared to be holding on Wednesday, a day after both countries signalled that their air conflict had ended, at least for now. Saudi Arabia's benchmark index (.TASI), opens new tab added 0.2%, helped by a 1% rise for Saudi National Bank ( opens new tab, the country's biggest lender by assets. Elsewhere, Specialized Medical Company ( opens new tab opened 0.2% lower in debut trade. Oil prices climbed as investors assessed the stability of a ceasefire, while support also came from market expectations that U.S. interest rate cuts could happen soon. The Fed's decision affects monetary policy in the Gulf where most currencies, including the Saudi riyal, are pegged to the U.S. dollar. Dubai's main share index (.DFMGI), opens new tab gained 0.4%, with top lender Emirates NBD ( opens new tab rising 2%. In Abu Dhabi, the index (.FTFADGI), opens new tab was up 0.1%. The Qatari index (.QSI), opens new tab increased 0.3%, with the Gulf's biggest lender Qatar National Bank ( opens new tab gaining 0.9%. Qatar reopened its airspace after a brief suspension, its civil aviation authority said early on Tuesday, following a missile attack by Iran on an American air base in Qatar on Monday that caused no injuries.
