MENA Reports

MENA Market Report, 11th of March 2019

MENA shares ended Monday’s session in mixed territory as Saudi Arabia, fell pressured by the banking sector, while the Egyptian index rose supported by the blue chips.

MENA Market Report, 12th of March 2019

MENA shares ended Tuesday’s session mostly in green with the exception of the Bahrain and Abu Dhabi index while the banking sector lifted the Saudi index.

MENA Market Report, 13th of March 2019

MENA shares ended Wednesday’s session in mixed territories with the Saudi index rising supported by oil prices.

MENA Market Report

MENA shares ended today’s trading session in the green territory except for Saudi shares as they dropped to close on negative notes.Bahraini stocks rose to close the session up where the main Bahraini index added 0.22 percent or 31.42 points to end up at 1,423.464 boosted by the gains in Financials shares. The liquidity in the market was very lacking as 3 shares rose, 2 shares ended down while 36 shares remained flat. Meanwhile, Qatari equities closed Wednesday’s trading session on positive notes as the primary Qatari benchmark added 0.20 percent to end the session up at 9,974.80 supported by the profits which have been generated by Financials, Industrials and Healthcare sectors.In oil pace, oil prices rose on Wednesday reaching the highest price for four months supported by the API report as it stated that the Oil Inventory declined during last week.The U.S. crude oil rose to trade at $60.11 a barrel while Brent oil rose to trade at $68.39 a barrel at 20:00 GMT.Saudi Stocks Exchange:Saudi shares ended today’s session in the red as TASI dropped by 0.1 percent or 18.43 points to close down at 8,640.52 pressured by the losses in consumer Non-Cyclicals, Industrials and Energy shares.Looking at individual shares, Saudi Enaya Cooperative Insurance was the biggest gainer as its share added 5.19 percent followed by Abdulla Abdul Mohsin Al Khodari Sons as its stock advanced by 3.18 percent.On the flip side, Electrical Industrials Company was the biggest loser as its stock fell by 2.87 percent while National Petrochemical Co was the second biggest loser as its stock tumbled by 2.06 percent.United Arab Emirates Stock Market:United Arab Emirates’ shares closed Wednesday’s trading session in the green. Abu Dhabi equities closed today’s session higher, with Abu Dhabi’s leading benchmark ADI added 0.37 percent or 18.93 points to close at 5,098.31, boosted by gains in Telecommunications Services and Energy sectors.In stock news, Ras Al Khaimah Ceramics PSJ was the worst performer during the session losing 9.5 followed by Eshraq Prosperities which fell by 2.52 percentIn Dubai, the index rose by 0.09 percent or 2.27 points, supported by gains in Healthcare and Telecommunications Services sectors.In stocks news, Takaful Emarat PJSC was the top performer in the session surging by 6.08 percent followed by Amanat holdings after its stock added 4.00 Percent.Egypt Stock Market:Egypt’s leading benchmark EGX 30 advanced by 0.54 percent on today’s session, to trade at 14,724.40 at the close, supported by gains in the Basic Materials and Financials sectors.In stock news, Egypt Kuwait Holding was the top performer adding 2.01 percent followed by Commercial International Bank which rose by 2.16 percent. On the flip side, Arab investment Holdings was the session’s worst performer losing 2.46 percent.          

MENA Market Report

MENA shares ended today’s trading session in the mixed territories, Saudi Market boosted by higher oil prices. Bahraini stocks rose to close the session up where the main Bahraini index added 0.19 percent or 2.75 points to end up at 1,426.22 boosted by the gains in Financials and Basic Materials shares. The liquidity in the market were very lacking as 3 shares rose, 4 shares ended down while 34 shares remained flat. However, Qatari equities closed Thursday’s trading session on negative notes as the primary Qatari benchmark dropped by 0.23 percent to end the session down at 9,953.72 pressured by the losses which have been generated by Financials and Healthcare sectors. In oil pace, oil prices rose on Wednesday reaching the highest price for four months supported by the API report as it stated that the Oil Inventory declined during last week. However, The U.S. crude oil fell to trade at $59.87 a barrel while Brent oil fell to trade at $67.68 a barrel at 20:00 GMT. Saudi Stocks Exchange: Saudi shares ended today’s session in the green as TASI added by 0.23 percent or 23.08 points to close up at 9,953.72 supported by the gains in Financial and Healthcare shares. Looking at individual shares, Ooredoo QPSC was the biggest gainer as its share added 2.39 percent followed by Qatar Gas Transport Co Ltd as its stock advanced by 1.02 percent. On the flip side, Barwa Real Estate Company as the biggest loser as its stock fell by 7.29 percent while Gulf International Services QSC was the second biggest loser as its stock tumbled by 0.93 percent. United Arab Emirates Stock Market: United Arab Emirates’ shares closed Wednesday’s trading session in the mixed territories.  Abu Dhabi equities closed today’s session higher, with Abu Dhabi’s leading benchmark ADI added 0.57 percent or 0.57 points to close at 5,127.45, boosted by gains in Financials and Industrials sectors. In stock news, Ras Al Khaimah Ceramics PSJ was the worst performer during the session losing 9.59 followed by National Takaful Company which fell by 3.23 percent In Dubai, the index fell by 0.57 percent or 14.96 points, pressured by losses in Healthcare and Telecommunications Services sectors. In stocks news, Gulf Navigation Holding PSJC was the top performer in the session surging by 2.63 percent followed by Takaful Emarat Insurance PJSC after its stock added 1.27 Percent. Egypt Stock Market: Egypt’s leading benchmark EGX30 advanced by 0.40 percent on today’s session, to trade at 14,782.81 at the close, supported by gains in the Telecoms and Industrials sectors. In stock news, Cairo for Investment and Real States was the top performer adding 5.15 percent followed by Global Telecom Holding which rose by 4.76 percent. On the flip side, Heliopolice Co for Housing  and Development was the session’s worst performer losing 0.76 percent.                 

MENA Market Report

MENA shares ended today’s trading session in the mixed territories, the Egyptian market’s main index dropped by more than 1 percent.Bahraini stocks rose to close the session down where the main Bahraini index lost by 0.47 percent or 6.65 points to end lower at 1,416 pressured by the loss in Financials and Industrials shares. The liquidity in the market was very lacking as 1 share rose, 4 shares ended down while 36 shares remained flat.However, Qatari equities closed Thursday’s trading session on positive notes as the primary Qatari benchmark advanced by 0.59 percent to end the session up at 9,949.02 supported by the gains which have been generated by Financials and Utilities sectors.In oil pace, oil prices fell on Friday to end the session down, where U.S. Crude Oil dropped to settle lower at $58.95 a barrel, while Brent Oil closed down at $66.97 a barrel.However, The U.S. crude oil remained steady on Monday to trade at $58.91 a barrel while Brent oil rose to trade at $67.26 a barrel at 19:00 GMT.Saudi Stocks Exchange:Saudi shares ended today’s session in the green as TASI added by 0.23 percent or 19.552 points to close up at 8,666.69 supported by the gains in Telecoms and Consumer Cyclicals shares.Looking at individual shares, Saudi Arabia Amianttit Co was the biggest gainer as its share added 6.17 percent followed by Yamama Cement Company as its stock advanced by 3.20 percent.On the flip side, Al Rajihi Company for Cooperative Insurance as the biggest loser as its stock fell by 7.82 percent while Wafarah for Industry and Development was the second biggest loser as its stock tumbled by 5.17 percent.United Arab Emirates Stock Market:United Arab Emirates’ shares closed Wednesday’s trading session in the green territories. Abu Dhabi equities closed today’s session higher, with Abu Dhabi’s leading benchmark ADI added 0.45 percent or 23.11 points to close at 5,177.94, boosted by gains in Utilities and Basic Materials sectors.In stock news, Abu Dhabi National Energy was the worst performer during the session losing 6.67 percent followed by Waha Capital which fell by 3.03 percent.In Dubai, the index rose by 0.60 percent or 15.79 points, Boosted by the gains in Consumer Cyclicals and Financials sectors.In stocks news, Shuaa Capital PSC was the top performer in the session surging by 13.43 percent followed by Union Prosperities after its stock added 9.43 Percent.Egypt Stock Market:Egypt’s leading benchmark EGX30 fell significantly by 1.15 percent on today’s session, to trade at 14,670.80 at the close, pressured by the losses in all sectors.In stock news, Egypt Kuwait Holding was the top performer adding 2.24 percent followed by Orascom Developments which rose by 0.54 percent. On the flip side, Egyptian Chemicals Industrials Co was the session’s worst performer losing 4.96 percent.