- UAE central bank raises benchmark interest rate
- Investor sells $300 mln worth of shares in ADCB
- Saudi Arabia's April crude exports slip to 10-month low
June 17 (Reuters) - Most major stock markets in the Gulf ended lower on Thursday, although the Dubai index was boosted by gains in financial shares.
The United Arab Emirates (UAE) central bank raised its key overnight interest rate by 5 basis points on Thursday, in step with a similar move by the U.S. Federal Reserve a day earlier. read more
The UAE central bank also decided to maintain the rate applicable to borrowing short-term liquidity through all of its standing credit facilities at 50 basis points above the base rate.
Saudi Arabia's benchmark index (.TASI) gave up early gains to close flat.
However, the index registered its sixth weekly gain.
The kingdom's April crude oil exports fell to their lowest level since June 2020, official data showed. read more
An undisclosed investor has sold 1.1 billion dirhams ($299.52 million) worth of shares in ADCB. read more
The investor sold 164 million shares at 6.70 dirhams a share through Bank of America Securities and Emirates NBD Capital.
The Arab state's cabinet said on Wednesday it would allow up to 80% of public and private sector employees to return to offices from June 18 as a part of its plan to gradually ease coronavirus-related measures. read more
Qatar decided early in May to lift coronavirus-related measures in four phases starting on May 28 and ending on July 30. read more
($1 = 3.6726 UAE dirham)
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