MENA Market Report 19th of June 2019

MENA stock markets closed Wednesday’s on mixed notes.

Bahraini shares were rose on Wednesday, where the main index BAX added 0.16 percent to settle at 1,453.74 boosted by the gains in the Telecoms sector.

Meanwhile, Qatari equities ended today’s trading session in the green, where the primary benchmark (QSI) advanced by 0.84 percent to settle at 10,507.40 supported by the significant gains in all sectors.

Regarding oil news, Oil prices rose on Wednesday after US EIA announced its Crude Oil Inventories Actual -3.106M.

Brent crude futures were up to trade at $61.96 per barrel around 20:30 GMT.

U.S. WTI crude futures were higher to trade at $54.00 per barrel around 20:30 GMT.

 

Saudi Stocks Exchange:

Saudi stocks finished Monday’s session lower, where the primary index TASI fell by 0.71 percent or 64.17 points to settle at 8,936.26 pressured by the losses in all sectors except for Utilities as it added 1.14 percent.

In stocks news, Eastern Province Cement Company SJSC was the top performer of today's trading session after adding 4.35 percent. On the other hand, Riyad Bank SJSC was the worst performer of the session as its stock fell by 3.53 percent.

 

United Arab Emirates Stock Market:

United Arab Emirates' shares finished Wednesday’s trading session in green territories.

Abu Dhabi equities rose on today's trading session, where Abu Dhabi's leading benchmark ADI gained 1.27 percent to close at 4,974.84 boosted by the gains in Consumer Non-Cyclicals, and Industrials sectors.

In stock news, National Bank of Fujairah PJSC was the best performer during the session adding 10.21 percent. On the other hand, Abu Dhabi National Insurance Company PSC was the worst performer of the session as it tumbled by 10.00 percent.

In Dubai, the main index DFM advanced on today’s trading session, helped by the improvement in Consumer Cyclicals, Utilities and Industrials sectors.

In stocks news, Shuaa Capital PSC was the top performer in the session adding 4.39 percent, while Dubai National Insurance and Reinsurance Co PSC was the worst performer as it fell by 3.61 percent.

 

Egypt Stock Market:

Egypt's leading benchmark EGX30 fell by 0.50 percent on Wednesday, to settle at 14,132.18 pressured by the losses in all sectors.

In stock news, Egyptian Resorts Co SAE was the best performer advancing by 1.28 percent, while Arabia Investments Holding SAE was the worst performer of the session as it fell by 9.91 percent.

 

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