Gulf bourses mixed in early trading
By Md Manzer Hussain
May 27 (Reuters) -Stock markets in the Gulf were mixed in early trading on Monday amid steady oil prices, while investors awaited further cues on the U.S. Federal Reserve's interest rate outlook.
Oil prices, a catalyst for the Gulf's financial markets, were steady as markets awaited an OPEC+ meeting on June 2, with Brent LCOc1 trading at $82.32 a barrel at 0740 GMT.
Dubai's benchmark stock index .DFMGI rose 0.4%, helped by gains in the consumer staples, finance and industry sectors. Commercial Bank of Dubai CBD.DU climbed 8.8% and Parkin Company PARKIN.DU added 1.1%.
Saudi Arabia's benchmark index .TASI was up 0.3%, supported by gains in most sectors, with Saudi National Bank 1180.SE, the kingdom's largest lender, rising 1.4% and Dr Sulaiman Al Habib Medical 4013.SE adding 1.1%.
In Abu Dhabi, the benchmark stock index .FTFADGI was little changed, with conglomerate Alpha Dhabi Holding ALPHADHABI.AD and crypto mining firm Phoenix Group PHX.AD gaining 0.7% and 2.3% respectively, while Abu Dhabi Commercial Bank ADCB.AD, the UAE's third-biggest lender, dropped 2.3%.
The Qatari benchmark index .QSI fell 0.5%, pressured by a 1.6% drop in Qatar National Bank QNBK.QA, the region's largest lender, and a 1.1% fall in United Development Co UDCD.QA.
Friday's U.S. personal consumption expenditures reading will be crucial for investors, giving them an idea of whether the Federal Reserve will be in a position to lower borrowing costs.
Most Gulf currencies are pegged to the dollar, and any U.S. monetary policy change is usually followed by Saudi Arabia, the United Arab Emirates and Qatar.
Reporting by Md Manzer Hussain
Editing by Mark Potter
免責聲明: XM Group提供線上交易平台的登入和執行服務，允許個人查看和/或使用網站所提供的內容，但不進行任何更改或擴展其服務和訪問權限，並受以下條款與條例約束：（i）條款與條例；（ii）風險提示；（iii）完全免責聲明。網站內部所提供的所有資訊，僅限於一般資訊用途。請注意，我們所有的線上交易平台內容並不構成，也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。
所有缐上交易平台所發佈的資料，僅適用於教育/資訊類用途，不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議，或是交易價格紀錄，或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。
本網站的所有XM和第三方所提供的内容，包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接，皆爲‘按原狀’，並作爲一般市場評論所提供，而非投資建議。請理解和接受，所有被歸類為投資研究範圍的相關内容，並非爲了促進投資研究獨立性，而根據法律要求所編寫，而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊，相關詳情請點擊 這裡查看。
