MENA Market Report

MENA shares ended today’s trading session in the green territory except for Saudi shares as they dropped to close on negative notes.

Bahraini stocks rose to close the session up where the main Bahraini index added 0.22 percent or 31.42 points to end up at 1,423.464 boosted by the gains in Financials shares. The liquidity in the market was very lacking as 3 shares rose, 2 shares ended down while 36 shares remained flat.

Meanwhile, Qatari equities closed Wednesday’s trading session on positive notes as the primary Qatari benchmark added 0.20 percent to end the session up at 9,974.80 supported by the profits which have been generated by Financials, Industrials and Healthcare sectors.

In oil pace, oil prices rose on Wednesday reaching the highest price for four months supported by the API report as it stated that the Oil Inventory declined during last week.

The U.S. crude oil rose to trade at $60.11 a barrel while Brent oil rose to trade at $68.39 a barrel at 20:00 GMT.

Saudi Stocks Exchange:

Saudi shares ended today’s session in the red as TASI dropped by 0.1 percent or 18.43 points to close down at 8,640.52 pressured by the losses in consumer Non-Cyclicals, Industrials and Energy shares.

Looking at individual shares, Saudi Enaya Cooperative Insurance was the biggest gainer as its share added 5.19 percent followed by Abdulla Abdul Mohsin Al Khodari Sons as its stock advanced by 3.18 percent.

On the flip side, Electrical Industrials Company was the biggest loser as its stock fell by 2.87 percent while National Petrochemical Co was the second biggest loser as its stock tumbled by 2.06 percent.

United Arab Emirates Stock Market:

United Arab Emirates’ shares closed Wednesday’s trading session in the green. 

Abu Dhabi equities closed today’s session higher, with Abu Dhabi’s leading benchmark ADI added 0.37 percent or 18.93 points to close at 5,098.31, boosted by gains in Telecommunications Services and Energy sectors.

In stock news, Ras Al Khaimah Ceramics PSJ was the worst performer during the session losing 9.5 followed by Eshraq Prosperities which fell by 2.52 percent

In Dubai, the index rose by 0.09 percent or 2.27 points, supported by gains in Healthcare and Telecommunications Services sectors.

In stocks news, Takaful Emarat PJSC was the top performer in the session surging by 6.08 percent followed by Amanat holdings after its stock added 4.00 Percent.

Egypt Stock Market:

Egypt’s leading benchmark EGX 30 advanced by 0.54 percent on today’s session, to trade at 14,724.40 at the close, supported by gains in the Basic Materials and Financials sectors.

In stock news, Egypt Kuwait Holding was the top performer adding 2.01 percent followed by Commercial International Bank which rose by 2.16 percent. On the flip side, Arab investment Holdings was the session’s worst performer losing 2.46 percent. 

 

 

 

 

 

 

 

 

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