MENA stock markets ended Monday’s session on mixed territories, as Saudi Arabia and Dubai Financial Market shares’ finished the session on negative while Qatar, Bahrain, and Egypt closed higher.
Qatar shares closed the session in the green, where Doha’ the main index QSI added 0.36 percent to trade at 10,727.53 or 38.36 points supported by Energy, Utilities and Telecommunications Services sectors, with Qatar Gas Transport Co Ltd, was the top gainer rising by 4.58 percent while Ooredoo QPSC added 1.30 percent.
Meanwhile, Bahraini shares were up on today’s session with the primary Bahraini index BAX advanced by 0.10 percent or 1.445 points to end the session in the green at 1,397.550 Supported by gains in Financials sectors.
On the energy front, WTI Oil prices tumbled by three percent on today’s session to trade at 54.20 USD per barrel at 17:00 GMT as a White House economic adviser warned that there was still much work left to sort out the trade dispute between the U.S. and China. Moreover, Brent Oil prices fell to trade at 62.40 USD per barrel at 17:00 GMT.
Saudi Stock Market:
Saudi Arabia's Tasi index fell by 0.07 percent weighed down by its real estate stocks to close at 8,520.64 on Monday’s session, pressured by the decline in Utilities, Energy and Consumer Cyclicals sectors.
In the corporate space, Saudi Arabian Amiantit Co SJSC stock topped gainers surging by 5.11 percent, followed by Saudi Dairy and Foodstuff Co SJSC that added 4.8 percent.
On the other hand, Solidarity Saudi Takaful Co SJSC stock was the worst performer of the session declining by 3.8 percent followed by Emaar the Economic City SJSC that fell by 3.39 percent.
United Arab Emirates Stock Market:
United Arab Emirates’ shares closed today’s trading session on mixed territories, as Abu Dhabi Main Index ADI closed in the green while Dubai Financial Market General Index closed in the red.
Abu Dhabi equities closed today’s session higher, as Abu Dhabi’s leading benchmark ADI rose by 1.030 percent to close at 5,128.093, supported by Financials and Energy sectors.
In stock news, Emirates Insurance Company PSC was the top performer of the session adding 7.69 percent while Agthia Group PJSC was the worst performer plummeting by 5.93 percent.
In Dubai, the index fell 0.44 percent or 11.07 points, pulled down by losses in Financials and Utilities sectors.
In corporate news, Takaful Emarat Insurance PJSC was the top gainer of the session adding 3.09 percent, but losses in Financials sectors is too high to offset.
Egypt Stock Market:
Egyptian shares were higher on today’s session where EGX30 added 0.86 percent or 122.25 points to settle up at 14,366.06 boosted by the gains in Energy, Consumer Cyclicals and Financials sectors.
In stock news, Arabia Cotton Ginning Co SAE (CIB) rose by 7.01 percent followed by Heliopolis Co for Housing and Development SAE that rose by 5.16.
On the other hand, Cairo for Investment and Real Estate Development SAE was the worst performer in the session declining by 4.74 percent.
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