MENA shares closed Tuesday’s on mixed notes.August 8, 2018
MENA shares closed Tuesday’s on mixed notes, while oil prices on Monday closed the session in the green and continued its gains during today’s session.
Bahraini shares closed today’s trading session in the red where the primary Bahraini index BAX fell by 0.31 percent or 4.208 to close lower at 1,348.19 pressured by Financials sectors.
On the other hand, Qatari stocks closed the session higher as the gains in Industrials, Basic Materials and Energy have pushed the shares up, where QSI added 0.41 percent or 40.75 points to settle up at 9,973.97.
Looking at individual shares, Industries Qatar QSC was the best gainer on QSI as its share added 3.20 percent, while Medicare Group QSC was the worst performer as its share dropped by 4.13 percent.
Oil prices closed Monday’s session in the green, where U.S crude oil rose to end the session up at $68.89 a barrel, and it also rose to trade at $69.31 a barrel on Tuesday’s at 16:15 GMT.
Saudi Stock Market:
Saudi shares closed today’s session in the green where Saudi main index TASI advanced by 0.15 percent or 12.69 points to end the session in the green at 8,242.82, boosted by the gains in Consumer Non-Cyclicals, Telecoms and Healthcare sectors.
Saudi Enaya Cooperative Insurance Company SJSC was the top performer on the benchmark as its share added 9.95 percent, followed by Methanol Chemicals Company SJSC where its stock added 8.61 percent and Anaam International Holding Group Co SJSC advanced by 5.86 percent.
On the flip side, Company for Cooperative Insurance SJSC was the worst performer on TASI as its stock declined by 10 percent while Arabian Shield Cooperative Insurance Company SJSC
was the second-worst performer after its share fell by 4.70 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 0.57 percent or 27.65 points to close the session in the green at 4,911.19 boosted by the gain in Healthcare, Financials and Consumer Non-Cyclicals industries.
Abu Dhabi National for Building Materials Co PJSC was the top performer as its share added 7.84 percent followed by Gulf Medical Projects Co PSC, which gained 6.74 percent.
Abu Dhabi Ship Building PJSC was the biggest loser after it fell by 10 percent.
On the other hand, Dubai shares closed the session down where DFMGI fell by 0.90 percent or 26.71 points to end the session at 2,951.07 pressured by the losses in Financial and Industrials shares.
Shuaa Capital PSC was the biggest gainer after its stock advanced by 3.96 percent, while Takaful Emarat Insurance PJSC was the biggest loser as its share dropped by 8.22 percent.
Egypt Stock Market:
Egyptian stocks rose on Monday where EGX30 gained 0.74 percent or 115.99 points to end the session higher at 15,761.55 as the gains in Basic Materials, Industrials and Financials pressured the stocks.
Abu Qir Fertilizers and Chemical Industries Co SAE was the top performer as its stock advanced by 7.18 percent, while Eastern Co SAE was the biggest loser as its stock plunged by 4.11 percent.