Mideast Stocks: Most Gulf markets gain as earnings season advances

Commercial International Bank Egypt CIB

27/01/2026 13:24

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By Ateeq Shariff

Jan 27 (Reuters) - Most stock markets in the Gulf ended higher on Tuesday, with investors focused on corporate earnings.

Saudi Arabia's benchmark index .TASI advanced 1%, led by a 2% rise in Al Rajhi Bank 1120.SE. The bank reported annual net profit of 24.79 billion riyals ($6.61 billion), up from 19.72 billion riyals a year earlier.

Al Rajhi also announced a cash dividend of 1.75 riyals per share for the second half, marking a nearly 20% rise compared to the same period last year.

Among other gainers, Saudi National Bank 1180.SE - the country's biggest lender by assets - jumped 3.4% following a sharp rise in 2025 net profit.

The market is also gaining support from expectations of increased foreign investor access to the Saudi market starting February 1, said Milad Azar, market analyst at XTB MENA.

Oil prices continue to provide stability after recovering last week, though geopolitical developments pose an underlying risk that could affect the market should regional tensions intensify, added Azar.

In Abu Dhabi, the index .FTFADGI rose 0.9%.

Meanwhile, crude prices were little changed as resumption in supply from Kazakhstan offset the price increase caused by a storm impacting crude production and refineries on the U.S. Gulf Coast.

The head of Abu Dhabi National Oil Company (ADNOC) said global oil demand will remain above 100 million barrels per day through 2040, while demand for both liquefied natural gas and electricity will grow by 50% or more.

Dubai's main share index .DFMGI added 0.3%, with blue-chip developer Emaar Properties EMAR.DU rising 1.4%.

The Qatari index .QSI, however, eased 0.3%, with Qatar Islamic Bank QISB.QA losing 1.3%.

Outside the Gulf, Egypt's blue-chip index .EGX30 rose 0.7%, closing at its highest, with Commercial International Bank COMI.CA rising 1.4%.

Saudi Arabia
.TASI advanced 1% to 11,382
Abu Dhabi
.FTFADGI climbed 0.9% to 10,355
Dubai
.DFMGI was up 0.3% to 6,466
Qatar
.QSI eased 0.3% to 11,285
Egypt
.EGX30 gained 0.7% to 47,835
Bahrain
.BAX lost 0.2% to 2,050
Oman
.MSX30 rose 1.2% to 6,271
Kuwait
.BKP added 0.9% to 9,384

($1 = 3.7498 riyals)

 (Reporting by Ateeq Shariff in Bengaluru; Editing by Alexander Smith and Vijay Kishore)

 ((AteeqUr.Shariff@thomsonreuters.com; +918061822788))