Major stock markets in the Gulf ended mixed on Sunday, with Saudi Arabia’s index pressured by real estate and banking shares, but a 10% surge in Qatar Insurance lifted the Qatari index.
Saudi Arabia’s benchmark index fell 1%, recording its sixth consecutive decline.
The luxury real estate developer Retal Urban Development lost 3% while Al Rajhi Bank was down 1.8%.
Among other stocks, Saudi Tadawul Group fell 4.7% after its annual profit declined more than 27% to 424.6 million riyals ($113.17 million).
The latter also slashed its annual dividend to 2.31 per share from 3 riyals a year ago.
Middle East Healthcare jumped 10% after its annual profit soared more than 300% compared to a year earlier.
The Qatari Stock index rose 0.7%, ending three consecutive sessions of losses, buoyed by its financial stocks.
