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Earnings drag throws Saudi and Abu Dhabi equities lower, while Dubai hits multi‑decade peak

Gulf stock markets gave a mixed picture on July 29: Saudi Arabia’s index slid 0.6% due to weaker Q2 earnings (notably Arabian Drilling, Arabian Pipes, Jamjoom); Abu Dhabi dipped 0.2% despite record order backlog at Aldar; while Dubai’s index rose 0.2% to a 17½‑year high, buoyed by strong results from Dubai Taxi Co and Salik. Qatar slid 0.6% amid profit-taking.  

Source: reuters.com

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