Supported by the gains in the Media & Publishing, Industrial Investment and Transport sectors. Saudi Arabia’s stock market rose by 0.57% to close at 6,891.99 points on Monday’s trading session.
Saudi Arabia stock market moved higher today due to the rebound in oil prices which reflected in the performance of the companies that depends on the oil especially the top petrochemical producer Saudi Basic Industries which gained 0.5 percent. In addition to the oil movement’s Saudi stock market took a breath after the big rise in the real estate developer Dar Al Arkan which gained 3.9 percent due to the resignation of its CEO for personal reason, however the company didn’t name the new CEO yet.
Rising stocks beats declining ones on the Saudi Arabia Stock Exchange by 137 to 23 and 17 ended unchanged.
Tadawul’s best performers of the session were Tihama Advertising&Public Relations which rose 10.41% or 3.80 points to trade at 40.30 at the close. Meanwhile, Allianz Saudi Fransi Cooperative Insurance Company added 10.20% or 3.60 points to end at 38.90 and Ash-Sharqiyah Development Company was up 10.00% or 3.50 points to 38.50 in late trade.
While the worst performers of the session were Rabigh Refining & Petrochemical Co which fell 5.36% or 0.70 points to trade at 12.35 at the close. Al Hokair Group declined 2.03% or 0.60 points to end at 28.90 and Abdullah A. M. Al-Khodari Sons Co was down 1.46% or 0.15 points to 10.10.
Furthermore the United Arab Emirates’ stock markets were lower on Wednesday, with DFM General Index dropping by 1.11% and ADX General Index falling 0.63%.
These losses were led by the Consumer Staples, Insurance and Finance & Investment sectors. Also the 5.6% decline in DXBE shares to its lowest levels since April 2015 drove the index down after issuing its first quarter results with a losses of 287.4 million.
Failing stocks outnumbered rising ones on the Dubai Stock Exchange by 32 to 5 and 4 ended unchanged; on the Abu Dhabi, 14 fell and 5 advanced, while 6 ended unchanged.
DFM’s best performers of the session Takaful Emarat PSC which rose 5.43% or 0.120 points to trade at 2.330 at the close. Meanwhile, Amanat Holdings PJSC added 0.90% or 0.010 points to end at 1.120 and Emirate Integrated Telecom Co PJSC was unchanged 0.00% or 0.000 points to 5.410 in late trade.
And ADX’s General Index top performers were Al Khaleej Investment Co PJSC which rose 4.17% to 1.25, Rak Ceramics which was up 2.13% to settle at 2.400 and Int Fish Farmi which gained 0.63% to close at 1.60.
Meanwhile DFM’s worst performers of the session were Marka Pjse which fell 10.00% or 0.09 points to trade at 0.79 at the close. Gulf General Investments Company declined 7.25% or 0.030 points to end at 0.384 and SHUAA Capital PSC was down 6.62% or 0.100 points to 1.410.
Moreover ADX’s worst performers of the session were Rak Cement Co which was down 7.14% to 0.780 in late trade, Abu Dhabi National for Building Materials Co PJSC which lost 5.45% to settle at 0.520 and Ad Natl Energy which was down 3.28% to 0.590 at the close.
Egyptian Stock market closed in mixed territory despite the low levels of liquidity for the second day in a row. EGX30 declined 0.04% to close at 12866.06.
Moreover, the top performance in today’s trading session were Porto Group Holding SAE, Egyptian Iron and Steel Co, Amer Group Holding Co, Eastern Co SAE and Oriental Weavers Carpet Co with their gains ranging between 0.9% and 7.14%
On the other hand, Global Telecom Holding, Talaat Mostafa Group, Arabian Food Industries, Cairo for Oil and Soap and Pioneers Holding Company for financial investments fell between 2.16% and 3.1%.
Declining stocks outnumbered rising ones on the Egypt Stock Exchange by 17 to 9 and 4 ended unchanged.
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