MENA shares ended Thursday’s trading session in higher territories, while TASI closed in the green for the ninth session in a row.
Bahraini stocks close the session up where the main Bahraini index advanced by 0.1 percent supported by Industrials sectors.
Meanwhile, Qatari equities closed Thursday’s trading session on positive notes as the primary Qatari benchmark added 0.28 percent to end the session up at 10,189.56 supported by Energy, Basic Materials and Utilities sectors.
In oil pace, oil prices rose on Today after Libya’s eastern military leader has ordered his forces to march on Tripoli, sparking concerns that war could soon break out in a key oil-producing nation.
However, The U.S. crude oil rose to trade at $62.65 a barrel while Brent oil up to trade at $69.85 a barrel at 19:00 GMT.
Saudi Stocks Exchange:
Saudi shares ended today’s session in the green for the ninth session in a row as TASI added 0.87 percent or 78.40 points to close up at 9,063.88 supported by gains in Consumer Non-Cyclicals and Financials sectors.
On stocks news, Al Jouf Agricultural Development was the top performance which surged by 5.22 percent, followed by Al Rajhi Banking & Investment Corporation SJSC which added 3.12 percent. Al Rajhi Bank's shareholders approved an increase in its capital to 25 billion riyals ($6.7 billion) from 16.25 billion riyals through issuing bonus shares.
On the other hand, Abdullah Abdul Mohsin Al Khodari Sons Co SJSC was the worst loser as its stock tumbled by 3.29 percent to close the session at 5.87 SAR.
Meanwhile, Sahara Petrochemical rose by 0.39 percent after it announced an amendment to the proposed merger of equals with Saudi International Petrochemical Company.
The company said CEO Saleh Mohammed will be appointed as chief executive of the combined company, and SIPCHEM's Chief Executive Abdullah Saif Alsaadoon will be appointed a chief operating officer of the group. SIPCHEM was up by 0.3 percent.
United Arab Emirates Stock Market:
United Arab Emirates’ shares closed Thursday’s trading session in the mixed territories.
Abu Dhabi equities closed today’s session lower, with Abu Dhabi’s leading benchmark ADI declined by 0.33 percent or 16.799 points to close at 5,032.186 pressured by the losses in Industrials and Consumer Non-Cyclicals sectors.
In stock news, Abu Dhabi Islamic Bank rose by 2.5 percent, the bank denied that it was in merger talks with First Abu Dhabi BankFAB.AD after report news said the emirate was considering combining them. First Abu Dhabi edged 0.1 percent lower.
In Dubai, the index closed 0.6 percent higher, with Emirates NBD adding four percent, trading around its highest level in more than a decade.
On Wednesday, the bank said it will buy Denizbank for 15.48 billion lira ($2.7 billion) from Russia's state-owned Sberbank. The offer is a roughly 20 percent discount to a previously agreed price after a steep fall in the Turkish lira.
Moreover, Shuaa Capital added 3.9 percent. Abu Dhabi Financial Group is set to take over Shuaa in a reverse merger, two sources familiar with the matter told Reuters on Tuesday.
Egypt Stock Market:
Egypt’s leading benchmark EGX30 rose by 0.3 percent with Global Telecom Holding adding 3.7 percent and Heliopolis Co for Housing and Development rising 5.8 percent. On Tuesday, Heliopolis' board approved the sale of multiple pieces of land.
In stock news, Orascom Investment Holding inched up 0.7 percent after its full-year net profit nearly doubled.
In a separate bourse filing, the firm said that it had negotiated with shareholders to buy 100 percent of the issued share capital of Nile Sugar for 3.59 billion Egyptian pounds ($207 million).
لا يقصد من المعلومات الواردة في هذا المنشور عرضا او دعوة لشراء أو بيع لأي أداة مالية وأي رأي منشور هنا يعكس أفكار موقع Gotinsiders.com فقط ويمكن أن تتغير في أي وقت. يقر ويوافق المستخدمين على أن يكون هناك درجة من عدم التأكد بسبب طبيعة أي استثمار للأسهم او البضاعة أو أي شيء مماثل وبالتالي, سيتحمل المستخدم وحده كامل المسؤوليات القانونية حيث يوجد احتمالية مخاطرة عند حصول اي استثمار.