Banks hold back most of Gulf markets – News of Bahrain- DT News

Banks hold back most of Gulf markets – News of Bahrain- DT News

Banks hold back most of Gulf markets. Samba Financial Group declined 1.6pc, while Saudi British Bank was down 1.7pc.. State-owned oil giant Saudi Aramco slipped 0.3pc to 34.5 riyals.. The Abu Dhabi index gained 1pc with First Abu Dhabi Bank rising 1.4pc and International Holding soaring 14.9pc.. Bank Audi Egypt has grown from a three-branch operation acquired by Bank Audi in 2005 to 50 branches with total assets of $4.4 billion at the end of September, Bank Audi's Chief Financial Officer, Tamer Ghazaleh, said last week, when he told Reuters the bank was considering selling the unit.. In Dubai, the index fell 0.2pc, driven down by an 8.6pc plunge in Mashreq Bank and a 1pc decrease in Emaar Properties.. Qatar's index eased 0.1pc as market heavyweight Industries Qatar dropped 0.5pc and Qatar Fuel was down 0.7pc.. Outside the Gulf, Egypt's bluechip index added 0.8pc, buoyed by a 0.9pc increase in the country's biggest lender, Commercial International Bank, and a 1.7pc rise in El Sewedy Electric..