By Ateeq Shariff
(Reuters) – Most stock markets in the Gulf rose on Tuesday as markets awaited the first signs of the outcome of a hotly contested U.S. election.
Election Day ends a bitter campaign shaken by the assassination attempts of Republican candidate and former President Donald Trump and the withdrawal of Democratic President Joe Biden in favor of Vice President Kamala Harris, with polls showing the candidates practically tied .
Dubai's main stock index rose 0.2%, Emirates Integrated Telecommunications rose 2% and budget airline Air Arabia gained 1.1%.
In Abu Dhabi, the index rose 0.6%, led by a 6.7% gain for Alpha Dhabi Holding.
ADNOC Drilling Company and Alpha Dhabi Holding announced the Monday (NASDAQ:) that its joint venture Enersol had agreed to acquire a 95% stake in Deep Well Services (DWS) for about $223 million, including performance-based payments.
ADNOC Drilling shares rose 2.3%.
The Qatari index ended up 0.2%, and the Qatar Gas Transport Nakilat rose 1.5%.
Saudi Arabia's benchmark index was down 0.2%, hurt by a 1.5% drop in ACWA Power Company.
oil giant Saudi Arabia (TADAWUL:) reversed early losses to close up 0.2%, despite reporting a 15.4% drop in third-quarter profit due to lower crude oil prices and tighter refining margins. weak. It maintained its dividend at $31.1 billion for the quarter.
Outside the Gulf, Egypt's blue-chip index rose 0.5%.
SAUDI ARABIA fell 0.2% to 12,015
ABU DHABI rose 0.6% to 9,384
DUBAI added 0.2% to 4,595
QATAR gained 0.2% to 10,569
EGYPT rises 0.5% to 30,794
BAHRAIN closed flat in 2019
OMAN rose 0.1% to 4,722
KUWAIT gained 0.2% to 7,667
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