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MENA Market Report 20th of June 2019

MENA stock markets closed Thursday’s on mixed notes.

Bahraini shares were rose on Thursday, where the main index BAX added 0.08 percent to settle at 1,454.97 boosted by the gains in the Consumer Non-Cyclicals sector.

Meanwhile, Qatari equities ended today’s trading session in the green, where the primary benchmark (QSI) advanced by 1.73 percent to settle at 10,688.67 supported by the significant gains in all sectors.

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

Brent crude futures were up to trade at $64.58 per barrel around 20:30 GMT.

U.S. WTI crude futures were higher to trade at $56.90 per barrel around 20:30 GMT.

 

Saudi Stocks Exchange:

Saudi stocks finished Thursday’s session lower, where the primary index TASI fell by 0.74 percent or 66.56 points to settle at 8,869.70 pressured by the losses in Technology and Financials.

In stocks news, Al-Etihad Cooperative Insurance Co was the top performer of today's trading session after adding 3.91 percent. On the other hand, Saudi British Bank SJSC was the worst performer of the session as its stock fell by 5.53 percent.

 

United Arab Emirates Stock Market:

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

Abu Dhabi equities rose on today's trading session, where Abu Dhabi's leading benchmark ADI gained 1.40 percent to close at 5,044.72 boosted by the gains in Telecoms, and Financials sectors.

In stock news, Arkan Building Materials Company PJSC was the best performer during the session adding 5.26 percent. On the other hand, Abu Dhabi National for Building Materials Co PJSC was the worst performer of the session as it tumbled by 9.80 percent.

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

In stocks news, Takaful Emarat Insurance PJSC was the top performer in the session adding 3.95 percent, while Dubai National Insurance and Reinsurance Co PSC was the worst performer as it fell by 2.22 percent.

 

Egypt Stock Market:

Egypt's leading benchmark EGX30 fell by 0.63 percent on Thursday, to settle at 14,043.42 pressured by the losses in Consumer Non-Cyclicals, Industrials, and Basic Materials sectors.

In stock news, Arab Co for Asset Management and Development was the best performer advancing by 3.45 percent, while Madinet Nasr for Housing and Development SAE was the worst performer of the session as it fell by 3.90 percent.

 

لا يقصد من المعلومات الواردة في هذا المنشور عرضا او دعوة لشراء أو بيع لأي أداة مالية وأي رأي منشور هنا يعكس أفكار اطراف اخرى 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.