Market analysis

Fundamental Reports

Forex Market Report, 24th of May 2019

The U.S. Dollar weakened on Thursday, as weak economic data and the threat of economic collapse from the trade war with China increased expectations for an interest-rate cut this year.

Forex Market Report, 23rd of May 2019

The U.S. Dollar strengthened on Wednesday, after minutes from the Federal Open Market Committee (FOMC) meeting showed officials agreed to keep their current patient approach to setting monetary policy for some time.

Forex Market Report, 22nd of May 2019

The U.S. Dollar strengthened on Tuesday after U.S. President Donald Trump temporarily reduced restrictions on China’s Huawei Technologies Co Ltd.

Forex Market Report, 21st of May 2019

The U.S. Dollar was little changed on Monday, as investors held-off on making big moves in anticipation of developments in the U.S.-China trade negotiations and insight into the Federal Reserve’s thoughts on interest-rate policy.

Forex Market Report, 20th of May 2019

The U.S. Dollar strengthened on Friday, as the U.S. delayed auto tariffs, while trade tensions with China increased demand for safe-haven amid an equity selloff that caused a sharp drop in the value of equities.

Commodity Reports

Commodity Market Report 24th of May 2019

Agriculture commodities closed Thursday’s session lower on concerns U.S.-China trade war will languish.

Commodity Market Report 23rd of May 2019

Agriculture Commodities ended Wednesday’s session on mixed territories, with Soybean prices found gains of nearly one percent on a technical reversal, recapturing nearly all of Tuesday’s losses.

Commodity Market Report 22nd of May 2019

Agriculture Commodities ended Tuesday’s session on mixed territories due to weather and trade factors.

Commodity Market Report 20th of May 2019

Agriculture Commodities ended Friday’s session on mixed territories, with corn found footing to climb another one percent higher reaching the highest levels since January.

Commodity Market Report, 15th of May 2019

Agricultural Commodities closed Tuesday’s trading session higher as traders respond to bullish charts and planting delays.

Asian Reports

Asian Market Report, 24th of May 2019

Asian stocks ended Friday’s session in mixed territories as worries over trade tensions between the United States and China weighed on investor sentiment.

Asian Market Report 22nd of May 2019

Asian shares were mixed on Wednesday session as trade tensions continued to linger between the U.S. and China.

Asian Market Report 15th of May 2019

Asian shares closed higher on Wednesday following an earlier slump this week as trade tensions between the U.S. and China escalated.

Asian Market Report 13th of May 2019

Asian stocks finished Today’s session lower amid uncertainty on the U.S.-China trade front after tariffs on Chinese goods were raised last Friday.

Asian Market Report 10th of May 2019

Asian shares rallied on Friday, after the U.S. carried out its threat and raised tariffs on Chinese goods at midnight.The mainland Chinese markets rose at the end of today’s session. The Shanghai Composite added by 3.5 percent to close at 2,939.21, and the Shenzhen component rose by 3.63 percent to finish its trading day at 3,730.45. Hong Kong’s main index Hang Seng finished Friday’s session in the green, up by 0.84 percent or 239.17 points to close at 28,550.24, boosted by all sectors.Elsewhere, the South Korean main index KOSPI increased by 0.29 percent to close at 2,108.04 boosted by Utilities, Technology and Consumer Non-Cyclicals. Japanese Stock Market:Japanese stocks finished Friday’s session lower where the main index Nikkei 225 rose by 0.27 percent or 57.21 points to settle at 21,344.92 boosted by Utilities, Healthcare and Energy shares.In corporate news, Shimizu Corp and Ajinomoto Co Inc were the best performers of today’s trading session surging by 8.16 percent and 8.11 percent respectively. On the other hand, Mitsui E&S Holdings Co Ltd was the worst performer of the session, which declined by 4.13 percent.In the Forex news, the Japanese Yen rose against the Greenback to trade at 109.570 at 15:40 GMT. Australian Stock Market:Australia’s main index S&P/ASX200 closed today’s trading session in the green as it rose by 0.25 percent or 15.60 points to settle at 6,310.90 due to the improvement in multiple sectors especially Telecommunications Services, Energy, and Technology sectors.In corporate news, TPG Telecom Ltd and Spark Infrastructure Group were the best performers in today’s trading session adding 4.96 percent and 3.64 percent respectively, While Nufarm Ltd was the worst performer of Friday’s session tumbling by 4.74 percent.In the Forex market, the Aussie fell against the Greenback to trade at 0.69951 at 15:40 GMT.  

MENA Reports

MENA Market Report 22nd of May 2019

MENA stock indexes closed Wednesday’s sessions in the green. However, Abu Dhabi Stock Market ended down.Bahraini stocks were higher in today’s trading session, where the main index BAX added by 0.10 percent to settle at 1,410.838 boosted by Financials and Telecoms sectors.Meanwhile, Qatari equities ended today’s trading session in the green territory, where the primary benchmark (QSI) gained by 0.59 percent to settle at 9,757.63 boosted by the gains in all sectors.Regarding oil news, Brent crude rose on Tuesday to trade $70.08 a barrel while crude oil fell to trade at $61.33 a barrel at 21:30 GMT.Saudi Stocks Exchange:Saudi shares ended today's session higher, where the primary index TASI gained 0.54 percent or 46.82 points to settle at 8,656.17 supported by the gains in Energy, Healthcare and Telecoms sectors.In stocks news, Dar Al Arkan Real State Development was the top performer of today's trading session after adding 7.85 percent followed by Sahara International Petrochemical that rose 5.58 percent. On the other hand, Walaa Cooperative Insurance of the session as its stock fell by 4.41 percent. United Arab Emirates Stock Market:United Arab Emirates' shares closed today’s trading session in green territories.Abu Dhabi equities were traded higher on today’s session, where Abu Dhabi's leading benchmark ADI fell by 0.68 percent to settle at 4,750.01. The benchmark was pressured by the losses in Utilities and Energy sectors.In stock news, Abu Dhabi National Energy was the best performer during the session as it surged by 6.33 percent. On the other hand, AXA Green Crescent was the worst performer of the session as it tumbled by 9.63 percent.In Dubai, the main index DFM ended today’s trading session in the green, as it gained 1.78 to settle at 2,584.35 boosted by the gains in Financials sectors.In stocks news, Commercial Bank of Dubai was the top performer in the session as its share added 11.76, while Amanat Holdings was the worst performer as it fell by 1.98 percent.Egypt Stock Exchange:Egypt's leading benchmark EGX30 rose by 1.70 percent on Wednesday’s session, to settle at 13,664.23.In stock news, Alexandria Minerals Oils was the best performer as its stock added 6.28 percent, while Oriental Weavers Carpet was the worst performer of the session as it fell by 1.48 percent.  

MENA Market Report 21st of May 2019

MENA stock indexes were mixed on Tuesday’s sessions.Bahraini stocks were higher in today’s trading session, where the main index BAX added by 0.93 percent to settle at 1,409.432 boosted by Financials sectors.Meanwhile, Qatari equities ended today’s trading session in the red territory, where the primary benchmark (QSI) dropped by 2 percent to settle at 9,700.77 pressured by the losses in all sectors.Regarding oil news, Brent crude rose on Tuesday to trade $72.19 a barrel while crude oil fell to trade at $63.13 a barrel at 19:50 GMT.Saudi Stocks Exchange:Saudi shares ended today's session higher, where the primary index TASI gained 1.66 percent or 140.42 points to settle at 8,609.35 supported by the gains in Telecoms, Basic Materials and Finnacials sectors.In stocks news, Al Bahaa Investment and Development was the top performer of today's trading session after adding 10 percent followed by Anaam International Holding that rose 9.05 Percent. On the other hand, Jarir Marketing was the worst performer of the session as its stock fell by 2.62 percent. United Arab Emirates Stock Market:United Arab Emirates' shares closed today’s trading session in green territories.Abu Dhabi equities were traded higher on today’s session, where Abu Dhabi's leading benchmark ADI added by 1.05 percent to settle at 4,782.48. The benchmark was supported by the gains in Industrials and Financials sectors.In stock news, National Marine Dredging was the best performer during the session as it surged by 13.89 percent. On the other hand, Al Wathba national was the worst performer of the session as it tumbled by 9.86 percent.In Dubai, the main index DFM ended today’s trading session in the green, as it gained 4.6 to settle at 2,539.24 boosted by the gains in Consumer Cyclicals sectors.In stocks news, Union Properities was the top performer in the session as its share added 5.08, while Shuaa Capital PSC was the worst performer as it fell by 1.35 percent.Egypt Stock Exchange:Egypt's leading benchmark EGX30 fell by 1.70 percent on Tuesday’s session, to settle at 13,614.21.In stock news, Alexandria Minerals Oils was the best performer as its stock added 9.82 percent, while Juhaina Food Industrials was the worst performer of the session as it fell by 10.00 percent.  

MENA Market Report 15th of May 2019

MENA stock indexes were mixed on Wednesday’s sessions.

MENA Market Report, 14th of May 2019

MENA stock indexes were mixed on Tuesday’s sessions.Bahraini stocks were lower in today’s trading session, where the main index BAX fell by 0.54 percent to settle at 1,408.45 pressured by Basic Materials and Financials sectors.Meanwhile, Qatari equities ended today’s trading session in the green territory, where the primary benchmark (QSI) added 0.60 percent to settle at 9,798.74 boosted by the gains in Basic Materials and Healthcare sectors.Regarding oil news, Brent crude rose on Tuesday to trade $70.69 a barrel while crude oil increased to trade at $61.81 a barrel at 19:20 GMT.Saudi Stocks Exchange:Saudi shares ended today's session higher, where the primary index TASI gained 0.09 percent or 7.63 points to settle at 8,374.27 supported by the gains in the Basic Materials and Financials sectors.In stocks news, Saudi Cable Company JSC was the top performer of today's trading session after adding 8.44 percent followed by Batic Investments and Logistics Co that rose 5.14. On the other hand, Saudi Paper Manufacturing Co SJSC was the worst performer of the session as its stock fell by 9.92 percent. United Arab Emirates Stock Market:United Arab Emirates' shares closed Tuesday’s trading session in mixed territories.Abu Dhabi equities were traded lower on today’s session, where Abu Dhabi's leading benchmark ADI fell by 2.57 percent to settle at 4,802.58. The benchmark was pressured by the losses in Financials and Energy sectors.In stock news, RAK Properties PJSC was the best performer during the session as it surged by 7.50 percent. On the other hand, International Holding Company PJSC was the worst performer of the session as it tumbled by 10.00 percent.In Dubai, the main index DFM ended today’s trading session in the green, as it advanced by 3.46 to settle at 2,612.98 boosted by the gains in Consumer Cyclicals and Financials sectors.In stocks news, Emaar Malls PJSC was the top performer in the session as its share added 13.75, while Amanat Holdings PJSC was the worst performer as it fell by 7.61 percent.Egypt Stock Exchange:Egypt's leading benchmark EGX30 rose by 0.85 percent on Tuesday’s session, to settle at 14,024.15.In stock news, Cairo for Investment and Real Estate Development SAE was the best performer as its stock added 3.46 percent, while Egyptian Resorts Co SAE was the worst performer of the session as it fell by 2.68 percent.   

MENA Market Report 13th of May 2019

MENA stock indexes were lower on Monday’s sessions, as all markets fell to close in the red territory as tanker attacks darken mood in Gulf markets