MENA Market Report 15th of May 2019

MENA stock indexes were mixed on Wednesday’s sessions.

Bahraini stocks were higher in today’s trading session, where the main index BAX added by 0.02 percent to settle at 1,408.66 boosted by Basic Materials and Industrials sectors.

Meanwhile, Qatari equities ended today’s trading session in the green territory, where the primary benchmark (QSI) added 0.67 percent to settle at 9,864.26 boosted by the gains in Basic Materials and Telecoms sectors.

Regarding oil news, Brent crude rose on Wednesday to trade $71.53 a barrel while crude oil increased to trade at $62.44 a barrel at 19:50 GMT.

Saudi Stocks Exchange:

Saudi shares ended today's session higher, where the primary index TASI gained 1.27 percent or 106.43 points to settle at 8,480.70 supported by the gains in all sectors.

In stocks news, CHUBB Arabia Cooperative Insurance was the top performer of today's trading session after adding 9.99 percent followed by Metlife American International Group and Arab National Bank Cooperative Insurance Company SJSC that rose 9.95. On the other hand, Allianz Saudi Fransi Cooperative Insurance Company SJSC was the worst performer of the session as its stock fell by 5.11 percent.

 

United Arab Emirates Stock Market:

United Arab Emirates' shares closed today’s trading session in red territories.

Abu Dhabi equities were traded lower on today’s session, where Abu Dhabi's leading benchmark ADI fell by 0.52 percent to settle at 4,777.57. The benchmark was pressured by the losses in Telecoms and Energy sectors.

In stock news, Ras Al Khaimah Cement Co PSC was the best performer during the session as it surged by 7.45 percent. On the other hand, Sharjah Group Company PSC was the worst performer of the session as it tumbled by 9.47 percent.

In Dubai, the main index DFM ended today’s trading session in the red, as it fell by 3.46 to settle at 2,583.74 pressured by the losses in Healthcare and Telecoms sectors.

In stocks news, Amanat Holdings PJSC was the top performer in the session as its share added 9.43, while Arabtec Holding PJSC was the worst performer as it fell by 7.03 percent.

Egypt Stock Exchange:

Egypt's leading benchmark EGX30 fell by 1.53 percent on Wednesday’s session, to settle at 13,809.46.

In stock news, Commercial International Bank Egypt SAE was the best performer as its stock added 0.73 percent, while Egyptian Resorts Co SAE was the worst performer of the session as it fell by 6.47 percent.

 

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