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Saudi stocks rise, other Gulf markets end mixed
Published in The Saudi Gazette on 25 - 01 - 2011

JEDDAH: Gulf stock markets closed mixed Monday on ambivalent perceptions.
Saudi Arabia's stock benchmark Tadawul All Share Index rose 0.46 percent at 6,722.79 points.
Bahrain's measure increased 0.1 and Kuwait's gauge added 0.3 percent. Abu Dhabi's ADX General Index declined 0.3 percent. Qatar shares increased for the first time in four days after Commercial Bank of Qatar raised its full-year cash dividend payment. Oman's gauge dropped the most in more than a month.
Commercial Bank of Qatar, the country's second-biggest bank by assets, climbed 3.9 percent after it proposed a dividend of QR7 for 2010, compared with 6 riyals the previous year. Salam International Investment, the Doha-based company with assets in construction, soared the most in more than five years as it posted an 8 percent increase in full-year profit.
Qatar's Index rose 0.8 percent to 8,999.79. Dubai's DFM General Index jumped 1.6 percent, the most in more than three weeks, to 1,630.16.
Oman's MSM30 Index lost 0.6 percent, the most since December 13, to 6,965.14.


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