MENA equities closed Monday’s session on mixed notes while oil prices rose during the session.

MENA equities closed Monday’s session on mixed notes while oil prices rose during the session.

August 7, 2018 0 By Ali Hwary

MENA equities closed Monday’s session on mixed notes while oil prices rose during the session.

Bahraini shares closed today’s session in the red where primary Bahraini index BAX fell by 0.10 percent or 1.344 points to close the session down at 1,352.39 pressured by the losses in Telecoms and Financial.

On the other hand, Qatari stocks closed the session higher as the gains in Energy, Telecoms and Financials have pushed the shares up where QSI added 0.37 percent or 36.48 points to settle up at 9,933.22.

Looking at individual shares, Gulf International Services QSC was the best gainer on QSI as its share added 3.04 percent, while Medicare Group QSC was the worst performer as its share dropped by 2.44 percent.

Oil prices closed Friday’s session in the red where U.S crude oil fell to close the session down at $68.63 a barrel while it rose to trade at $69.69 a barrel on Monday at 16:30 GMT.

 

Saudi Stock Market:

Saudi shares closed today’s session in the red where Saudi main index TASI dropped by 0.15 percent or 12.58 points to end the session in the red at 8,230.13 pressured by the losses in Utilities, Financials and Healthcare sectors.

Alujain Corporation SJSC was the top performer on the benchmark as its share added 9.95 percent, followed by Saudi Company for Hardware SJSC where its stock added 9.91 percent and Fawaz Abdulaziz Alhokair Co SJSC advanced by 7.05 percent.

On the flip side, Al Sagr Cooperative Insurance Co SJSC was the worst performer on TASI as its stock declined by 7.72 percent while Salama Cooperative Insurance Co SJSC was the second-worst performer after its share fell by 6.70 percent.

Bupa Arabia for Cooperative Insurance gained 1.6 percent, continuing its gains after the firm announced that its Second-quarter earnings jumped by 10 percent.

 

United Arab Emirates Stock Market:

UAE shares closed the session in the mixed territory.

Abu Dhabi shares closed the session up as ADI added 1.61 percent or 77.24 points to end the session in the green at 4,883.54 boosted by the gain in Utilities, Financials, and Basic Materials industries.

Arkan Building Materials Company PJSC was the top performer as its share added 5.36 percent followed by Abu Dhabi National Energy Company PJSC as its stock gained 4.24 percent.

International Holding Company PJSC was the biggest loser after it fell by 6.11 percent.

On the other hand, Dubai shares closed the session flat where DFMGI settled at 2,977.78 pressured by the losses in Telecoms and Industrials shares while the gains in Healthcare, Consumer Cyclicals and Utilities have mimicked the losses.

Amanat Holdings PJSC was the biggest gainer after its stock advanced by 1.69 percent, while Dubai Islamic Insurance and Reinsurance Co PSC was the biggest loser as its share dropped by 3.53 percent.

 

Egypt Stock Market:

Egyptian stocks fell on Monday where EGX30 tumbled by 0.58 percent or 91.49 points to end the session lower at 15,645.56 as the losses in Healthcare, Industrials and Financials pressured the stocks.

Egyptian Iron and Steel Co SAE was the top performer as its stock advanced by 3.32 percent, while Sixth of October Development and Investment Co SAE was the biggest loser as its stock plunged by 4.11 percent.

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