After the slight recovery in Oil prices, Saudi Stock market was marginally higher on today’s session end but to remain in the red for the week.
Meanwhile, in Abu Dhabi, the stock exchange fell due to the pressure from profit taking while Dubai Financial Market witnessed it fifth consecutive gain supported by the gains in its most valuable companies.
• Saudi Arabia Stock Market
Gains in the Consumer Cyclicals sector led Saudi Arabia’s stock market slightly higher in today’s mixed trading session, where losers continue to outnumber the gainers with, 92 losers, 68 gainers, and 15 unchanged shares. Moreover Tadawul All Share Index ended marginally higher but well below the session’s high at 7,085.56 to add 4.69 points.
The best performers on Tadawul All Share Index were, Saudi Research and Marketing Group SJSC surging by 9.94 percent, National Medical Care Company JSC gaining 2.40 points and Abdullah Al-Othaim Markets Company SJSC ending higher at 122.73.
Meanwhile, the worst performers on Tadawul All Share Index were, AXA Cooperative Insurance Co SJSC fell by 5.41 percent, Saudi Ground Services Co losing 1.95 points and Wataniya Insurance Co SJSC ending 1.25 points lower at 30.20.
• United Arab Emirates Stock Markets
United Arab Emirates’ stock markets were mixed during today’s trading session with losses in Energy, Telecommunications Services, and Healthcare sectors pressuring the Abu Dhabi Securities Exchange downwards, while Dubai Financial Market was higher after its minor decline during today’s opening hour supported by the relatively significant gains in the Consumer Non-Cyclicals and Consumer Cyclicals sectors.
In both markets there were a large number of unchanged shares, Dubai Financial Market had 13 gainers, 12 losers, and 11 flat stocks while Abu Dhabi Securities Exchange had 11 losers, 10 gainers, and 30 unchanged stocks.
Dubai Financial Market General Index gained 16.17 points or 0.45 percent to settle higher at 3,649.35, while Abu Dhabi Securities Exchange General Index ended lower by 0.1 percent or 4.50 points at 4,561.65 in its mixed trading session today.
The best performers on Dubai Financial Market General Index were, Marka PJSC rising by 3.28 percent, Damac Properties Dubai Co PSC gaining 0.09 points and Gulf Navigation Holding PJSC ending higher at 1.370.
Meanwhile, the worst performers Dubai Financial Market General Index were, Amlak Finance PJSC falling by 1.71 percent, Ajman Bank PJSC losing 0.02 points and Aramex PJSC ending 0.07 points lower at 5.270.
The best performers on Abu Dhabi Securities Exchange General Index were, Gulf Pharmaceutical Industries PSC rising by 4.35 percent, National Bank of Umm Al Qaiwain PSC adding 0.10 points and Al Khazna Insurance Company PSC ending higher at 0.33.
Meanwhile, the worst performers on Abu Dhabi Securities Exchange General Index were, Gulf Medical Projects Co PSC plunging by 10.10 percent, Sharjah Cement and Industrial Development Company PSC losing 0.1 points and Commercial Bank International PSC ending 0.1 points lower at 1.06.
• Egypt Stock Market
Egyptian stocks ended mixed after recovering from their sharp declines following the opening hour, supported by the gains in the Basic Materials as well as the Consumer Cyclicals sectors with the EGX30 mostly unchanged at 13,413.12.
During today’s mixed trading session the EGX 30’s gainers slightly outnumbered the losers, with 16 gainers, 13 losers, and a single flat share.
The best performers on EGX 30 were, Cairo for Oil and Soap Co SAE surging by 8.22 percent, Sidi Kerir Petrochemicals Co SAE gaining 1.17 points and Heliopolis Co for Housing and Development SAE ending 5.72 percent higher at 1.48.
Meanwhile, the worst performers on EGX 30 were, Porto Group Holding SAE falling by 5.00 percent, Oriental Weavers Carpet Co. SAE losing 0.29 points and Orascom Telecom Media and Technology Holding SAE ending 0.01 points lower at 0.68.
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