KSA Stock Market:
Most Gulf stock markets fell in disappointment on Sunday after global oil producers agreed to extend cuts in output by nine months in an effort to prop up prices.
Due to the losses generated by the sectors of Multi Investment, Industrial Investment and Building & Construction Saudi Arabia stocks were weaker on Sunday; Al stocks declined by 1.29% reaching the lowest level since 6-months.
The best performers of the session on the Tadawul All Share were Anaam International Holding Group, which rose 3.70% to trade at 18.20 at the close. Meanwhile, Dallah Healthcare Holding Company added 0.50% to end at 101.50 and Jabal Omar Development Company was up 0.37% to 67.75 in late trade.
The worst performers of the session were Nama Chemicals Co. which fell 9.57% to trade at 15.60 at the close. Saudi Paper Manufacturing Co. declined 8.44% to end at 7.05 and Al-Ahlia Insurance Company was down 7.33% to 10.75.
It should be noted that USD/SAR fell 0.00% to 3.7502, while EUR/SAR was down 0.29% to 4.1924.
UAE stock Exchange:
Due to the losses generated by the sectors of Finance & Investment, Consumer Staples and Real Estate & Construction UAE stocks were lower; DFM declined by 1.01% and ADX dropped by 0.45%.
The best performers of the session on the DFM General were Arabtec Holding PJSC, which rose 2.48% to trade at 0.743 at the close. Meanwhile, National Central Cooling Co. added 1.05% to end at 1.920 and AJMAN BANK PJSC was up 0.84% to 1.200 in late trade.
The worst performers of the session were Dubai Islamic Insurance Co. which fell 3.82% to trade at 0.680 at the close. Dubai Financial Market PJSC declined 2.80% to end at 1.040 and Dubai Investments PJSC was down 2.43% to 2.010.
The top performers on the ADX General were Green Crs Ins which rose 15.00% to 0.690, Bank of Sharja which was up 7.50% to settle at 1.290 and Invest Bank AD which gained 2.17% to close at 2.350.
The worst performers were Nat Bk Qaiwain which was down 9.06% to 2.81 in late trade, Sharjah Cement AD which lost 8.16% to settle at 0.900 and Dana Gas which was down 4.88% to 0.390 at the close.
Moreover, it should be noted that USD/AED was up 0.01% to 3.6730, while EUR/AED fell 0.23% to 4.1060.
Egypt Stock Exchange:
In Egypt, EGX30 increased by 0.85% reaching 13205.11 points.
The best performer of the session on the EGX 30 were, Alexandria New Medical Center rising by 9.29 %, Remco for Touristic Villages Construction adding 9.09% and Emaar Misr for Development was up by 6.30 %.
The worst performers of the session on the EGX 30 were, Rowad Tourism (Al Rowad) shading 6.33 %, EL Ezz Aldekhela Steel - Alexandria dropping 5.88% and Pyramisa Hotels was down by 5.42%.
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