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Most Gulf markets rose as investors assessed the impact of Trump’s victory

Most Gulf markets rose as investors assessed the impact of Trump’s victory

And he comes back Trump to The white house After achieving a landslide victory in the elections this week.

The Saudi benchmark index rose 0.3 percent, with the shares of Al-Tayseer Group for Manufacturing Aluminum Products rising 1.2 percent and the shares of Al-Rajhi Bank 2 percent, but the Saudi (Maaden) share fell 4.1 percent.

The main index in Dubai rose 0.6 percent, supported by the shares of the Emirates Central Cooling Systems Company (Empower), which jumped four percent after recording an increase in revenues despite a decrease in quarterly profits.

But the shares of Dubai Taxi Company, the largest taxi services operator in the emirate in terms of market share, fell 4.1 percent after a decline in quarterly profits.

In Abu Dhabi, the index compensated for losses recorded early in the session to close 0.4 percent higher, supported by a 0.6 percent rise in the shares of the International Holding Company.

International Holding Company, the most valuable company in Abu Dhabi, announced a net profit in the third quarter of 5.69 billion dirhams ($1.55 billion), up from 4.83 billion dirhams a year ago.

Outside the Gulf region, Egypt’s leading stock index rose 0.7 percent.

The stock exchange in Qatar was closed due to an official holiday.



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