MENA shares ended today’s trading session in the green territories, however only Egyptian stocks fell to close the session down.
Bahraini stocks close the session up where the main Bahraini index added 0.10 percent or 1.5 points to end 1,444.734 boosted by Financials, and Industrials sectors.
Moreover, Qatari stocks ended today’s session on positive notes where the primary Qatari benchmark QSI added 0.48 percent or 49.42 points to close up 10,308.17, boosted by the gains in all sectors except for Healthcare sector as it fell by 1.03 percent.
Oil futures were traded mixed where U.S. Crude oil fell to trade done at $64.22 a bushel while Brent oil rose to trade at $71.87 a bushel at 15:45 GMT.
Saudi Stock Market:
Saudi shares ended today’s session in the green as TASI rose sharply by 1.08 percent or 98.5 points to close up at 9,238.05, reaching its highest level since 2014. The index supported by gains in Financials, Basic Materials, and Telecoms sectors.
Saudi Arabia's banks are expected to report 7 percent higher earnings for the first quarter, SICO Research said in a note.
In stocks news, Alinma Bank SJSC was the top performance after surged by 4.07%percent, followed by Al Khaleej Training and Education Co SJSC after its share added 3.64 percent. On the other hand, Gulf Union Cooperative Insurance Company SJSC’s stock was the biggest loser as its stock tumbled by 4.84 percent to close the session at 15.34 SAR.
United Arab Emirates Stock Market:
United Arab Emirates’ shares closed Wednesday’s trading session in the green territories.
Abu Dhabi equities closed today’s session higher, with Abu Dhabi’s leading benchmark ADI gained 0.45 percent or 23.435 points to close at 5,237.07 boosted by the gains in Healthcare and Financials sectors.
In stock news, Umm Al Qaiwain General Investment Co PSC was the best performer during the session adding 11.36 percent followed by RAK Properties PJSC for White Cement which advanced by 7.78 percent.
In Dubai, the index rose by 0.78 percent or 21.35 points, supported by the gains in the Healthcare and Utilities sectors.
In stocks news, Dar Al Takaful PJSC was the top performer in the session surging by 9.01 percent followed by Dubai Islamic Insurance and Reinsurance Co PSC which added 7.37 percent.
Egypt Stock Market:
Egypt’s leading benchmark EGX30 fell by 0.73 percent on today’s session, to trade at 14,864.01 at the close, pressured by the losses in Industrials and Financials sectors.
In stock news, El Sewedy Electric Co SAE was the worst performer, dropping by 2.85 percent followed by Arabia Cotton Ginning Co SAE which fell by 1.91 percent.
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