• Saudi Arabia Stock Market
Supported by the gains in the Multi Investment, Industrial Investment and Hotels & Tourism sectors, Saudi Arabia’s stock market closed higher by 0.56% to close at 6,822 points on Monday’s trading session.
The gainers significantly outnumbered the losers on the Saudi Arabia Stock Exchange by 142 to 21 and 13 ended unchanged.
The best performers of the session on the Tadawul All Share were AlJazira Mawten REIT which rose 9.65% or 1.65 points to trade at 18.75 at the close. Meanwhile, Riyad REIT added 6.45% or 0.80 points to end at 13.20 and Jadwa REIT Al Haramain Fund was up 4.72% or 0.60 points to 13.30 in late trade.
The worst performers of the session were Middle East Paper Co which fell 3.36% or 0.50 points to trade at 14.40 at the close. Anaam International Holding Group declined 3.30% or 0.60 points to end at 17.60 and National Gypsum Company was down 3.11% or 0.40 points to 12.45.
• United Arab Emirates Stock Market
Furthermore the United Arab Emirates’ stock markets closed Monday’s session in mixed territories, with DFM General Index rising by 0.74% while ADX General Index fell 0.08%.
Moreover, DXBE entertainments (DXBE.AE) rebounded after the huge down trend that the share faced during the year, the stock ends up 0.5 percent after it said chief executive Raed Kajoor al- Nuaimi had been appointed CEO of a new entity that will manage development projects for Dubai Holding and Meraas Holding. Nuaimi will remain CEO of DXBE until a new CEO is appointed, the company said without elaborating. In addition Drake & Scull raised 1.5 percent after the rumors which showed that company puts a recovery plan to turn its operating income into positive.
The losses in the Telecoms, Banking and Insurance sectors drove the index down, however the gains in the Finance & Investment, Transport and Services sectors reduced the effect of the losses.
Rising stocks outnumbered declining ones on the Dubai Stock Exchange by 27 to 8 and 1 ended unchanged; on the Abu Dhabi, 11 fell and 8 advanced, while 7 ended unchanged.
The best performers of the session on the DFM General Index were, Gulf General Investments Company rising by 5.44%, Dubai Financial Market PJSC adding 0.005 points and ARAMEX PJSC settling 3.87% up at 5.10.
The worst performers of the session were AJMAN BANK PJSC which fell 2.50% or 0.030 points to trade at 1.170 at the close. National Central Cooling Co. declined 2.08% or 0.040 points to end at 1.880 and Emirates NBD PJSC was down 1.84% or 0.150 points to 8.000.
On the other hand, the best performers of the session on the Abu Dhabi Exchange General Index were, Agthia Group which rose 6.59% to 5.50, Sharjah Islami which was up 5.34% to settle at 1.380 and Rak Properties which gained 3.57% to close at 0.580.
The worst performers of the session on the Abu Dhabi Exchange General Index were, Bank of Sharja which was down 6.20% to 1.210 in late trade, Int Fish Farmi which lost 2.78% to settle at 1.40 and Methaq which was down 2.56% to 0.760 at the close.
• Egypt Stock Market
Egypt stock market rose 0.02 percent to close at 10,112 points.
The failing stocks significantly outnumbered the gainers on the Egypt Stock Exchange by 19 to 6 and 5 ended unchanged.
The best performer of the session on the EGX 30 were, Orascom Construction Ltd rising by 4.55%, Sixth of October Development and investments adding 0.22 points and EFG Hermes Holdings SAE settling 0.55% higher at 25.50.
The worst performers of the session on the EGX 30 were, Sidi Kerir Petrochemicals Co SAE shading 3.43%, Egyptian Resorts Co SAE dropping 0.97 points and Orascom Telecom Media and Technology Holdings ended 2.56% lower at 0.76.
© Copyright 2017
The information contained in this publication is not intended as an offer or solicitation for the purchase or sale of any financial instrument. Any opinion offered herein reflects Gotinsiders.com current judgment and may change without notice. Users acknowledge and agree to the fact that, by its very nature, any investment in shares, stock options and similar and assimilated products is characterized by a certain degree of uncertainty and that, consequently, any investment of this nature involves risks for which the user is solely responsible and liable.