Gulf stock markets diverged during the week ending … and “Abu...

The performance of the Gulf stock markets varied, during the sessions of the week ending, as the general index of the Saudi Stock Market – TASI increased by 1.4%, winning 118 points to close at 8413 points, registering the highest weekly close in about 9 months. The general index of the Abu Dhabi Securities Exchange rose by a rate of 1.4%. 0.4%, a profit of 20.48 points to close at 4512.50 points, and a profit of 6.1 billion dirhams of market capital to close at 676.63 billion dirhams, and the Kuwait Stock Exchange indexes jumped to gain market capital 1.621 million dinars to close at 33.230 billion dinars, while the and Muscat stock exchanges fell.

Saudi Stock Exchange

The general index of the Saudi stock market-TASI rose, during the sessions of the week ending, by 1.4%, winning 118 points, to close at 8413 points, to achieve an increase of 0.3% since the beginning of the year, and the trading value reached 55.6 billion riyals.

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Kuwait Stock Exchange

The Kuwait Stock Exchange indexes rose during the sessions of the week ending, as the first market index rose by 5.85%, winning 352 points to close at 6372.82 points, and the main market index jumped by 3.05%, winning 131.36 points to close at 4434.87 points, and the general market index increased by 5.13% A winner of 279.55 points to close at 5742.75 points, the “main 50” index rose by 3.92%, a winner of 169.41 points, to close at 4489.04 points.

The volume of trading on the Kuwait Stock Exchange reached 1.94 billion shares worth 334.49 million dinars, through the implementation of 74.03 thousand transactions, and the profit of the market capital is 1.621 million dinars, to close at 33.230 billion dinars.

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UAE markets

The general index of the Dubai Financial Market declined, during the sessions of the week ending, by 2.26%, losing 51.38 points to close at 2214.32 points, and losing market capitalization of 4.43 billion dirhams, to close at 311.395 billion dirhams.

On the Dubai Stock Exchange, the real estate sector fell by 4.9%, under the pressure of Emaar Development Company’s share by 18%, Emaar Properties by 6%, Emaar Malls by 2.7%, then the banking sector by a decrease of 0.9% due to the pressure of Dubai Islamic Bank’s share by 2.1%.

While the general index of the Abu Dhabi Stock Exchange increased by 0.4%, a profit of 20.48 points to close at 4512.50 points, and the profit of market capitalization of 6.1 billion dirhams to close at 676.63 billion dirhams

The telecom sector rose on the Abu Dhabi Stock Exchange, driven by the rise of Etisalat Group by 1.7%, Aldar Properties rose 0.5%, First Abu Dhabi Bank by 0.1%.

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Muscat Stock Exchange

The general index of the Muscat Market fell by 0.29%, losing 10.43 points to close at 3604.21 points, and the trading volume reached 22.12 million shares worth 6.75 million riyals, and the market capital lost 2.14 million riyals to close at 19.888 billion riyals.

Topped the list of green stocks, “Iron Al-Jazira” by 11.71%, followed by “Al-Anwar Ceramics” by 9.76%, followed by “SMN Power Holding” by 8.45%, while the list of declining shares topped the “Arab Insurance Falcon” by 6.52% , Followed by “Omani Finance Services” by 5.33%, followed by “Muscat City Desalination” by 4.76%.

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