MENA Market Report 24th of June 2019

MENA stock markets closed Monday’s on mixed notes.

Bahraini shares were fell on Monday, where the main index BAX dropped percent to settle at 1454.78 pressured by the losses in Telecom sector.

Meanwhile, Qatari equities ended today’s trading session in the red, where the primary benchmark (QSI) fell by 0.44 percent to settle at 10,505.34 pressured by the significant losses in Healthcare and financials sectors.

Regarding oil news, Oil prices rose on Monday where U.S. WTI crude futures were higher to trade at $57.85 per barrel around 20:30 GMT. Brent crude futures were down to trade at $64.91 per barrel around 20:30 GMT. 

Saudi Stocks Exchange:

Saudi stocks finished Monday’s session lower, where the primary index TASI fell by 1.60 percent or 140.19 points to settle at 8,598.97 pressured by the losses in Telecoms and Basic Materials shares.

In stocks news, Maharah Human Resources Company SJSC was the top performer of today's trading session after adding 8.90 percent. On the other hand, Mobile Telecommunications Company Saudi Arabia SJSC was the worst performer of the session as its stock fell by 6.65 percent.


United Arab Emirates Stock Market:

United Arab Emirates' shares finished Monday’s trading session in green territories.

Abu Dhabi equities rose on today's trading session, where Abu Dhabi's leading benchmark ADI gained 0.53 percent to close at 5,015.34 boosted by the gains in Telecoms, and Financials sectors.

In stock news, National Bank of Umm Al Qaiwain PSC was the best performer during the session adding 12.78 percent. On the other hand, Abu Dhabi National Hotels Co PJSC was the worst performer of the session as it tumbled by 5.71 percent.

In Dubai, the main index DFM advanced on today’s trading session, helped by the improvement in Financials and Healthcare sectors.

In stocks news, National General Insurance Co PJSC was the top performer in the session adding 5.00 percent, while Aramex PJSC was the worst performer as it fell by 1.40 percent.


Egypt Stock Market:

Egypt's leading benchmark EGX30 fell by 1.07 percent on Monday, to settle at 13,867.47 pressured by the losses in all sectors.

In stock news, Sarwa Capital Holding for Financial Investments SAE was the best performer advancing by 2.45 percent, while Cairo for Investment and Real Estate Development SAE was the worst performer of the session as it fell by 7.62 percent.



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