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.
Bahraini shares rose on Monday’s session with the primary Bahraini index BAX adding 0.04 percent or 0.506 points to end the session in the green at 1,406.343 supported by gains I the Consumer Non-Cyclicals and Financials sectors.
Meanwhile, Qatar shares closed the session in the red, where Doha main index QSI fell by 0.25 percent or 24.82 points to close at 9,744.22 pressured by losses in the Healthcare and Industrials sectors.
In stocks news, Qatar International Islamic Bank was the worst performer losing 6.1 percent followed by Gulf International Services which fell by 3.1 percent.
U.S. WTI crude oil futures ended Friday’s session down at 56.02 USD per barrel, while currently trading higher at 56.52 USD a barrel at 8:50 GMT.
International Brent futures were at finished Friday in the red at 65.66 USD per barrel, but rose on today’s session to trade at 66.30 USD a barrel at 10:00 GMT.
Saudi Stock Market:
Saudi Arabia's TASI declined for the fifth consecutive session by 0.47 percent or 29.82 points to close Monday’s session at 8,426.29 due to the losses in Utilities, Consumer Non-Cyclicals sectors.
In the corporate space, the financial sector pressured the index, Samba Financial Group slipping 1.8 percent and Banque Saudi Fransi shedding 1.7 percent.
Al Alamiya for Cooperative Insurance, was the session worst performer losing 3.8 percent followed by Saudi Arabian Mining which fell by 3.5 percent.
United Arab Emirates Stock Market:
United Arab Emirates’ shares closed Monday’s trading session mewed, as Abu Dhabi Main index ADI closed the session in the red while Dubai index rose by 0.5 percent.
Abu Dhabi equities closed today’s session lower, with Abu Dhabi’s leading benchmark ADI fell by 0.03 percent or 1.687 points to close at 4,870.397, pressured by losses in Financials and Energy sectors.
In stock news, Ras Al Khaimah Ceramics PSC was the top performer of the session which added 4.37 percent or 0.08 points
On the other hand, RAK Properties was the worst performer losing 2.1 percent followed by Bank of Sharjah which dropped by 1.6 percent.
In Dubai, the index rose by 0.53 percent or 13.75 points, supported by gains in Consumer Cyclicals and financials sectors.
In stocks news, Emaar Malls surged by 4.2 percent to followed by Takaful Emarat Insurance which added 3.85 percent
Egypt Stock Market:
Egypt’s leading benchmark EGX 30 rose by 0.78 percent on Monday’s, to trade at 15,098.12 at the close, supported by Consumer Cyclicals and Basic Materials sectors.
In stock news, Heliopolis Co for Housing was the top performer adding 5.4 percent followed by Arabia Cotton Ginning which rose by 3.17 percent.
On the flip side, Juhayna Food Industries was the sessions worst performer losing 3.57 percent followed by Arabia Investments Holding which added 1.82 percent.