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May 16, 2021

Mena stock markets closed in mixed territories on Thursday’s trading session as Saudi Markets continued to fall for the 4th consecutive session.

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Mena stock markets closed in mixed territories on Thursday’s trading session as Saudi Markets continued to fall for the 4th consecutive session. Moreover, United Arab Emirates markets were closed today due to Hijri NewYear Holiday.

Bahraini shares closed the today’s session in the green as the primary Bahraini index BAX gained 0.34 percent or 4.53 points to settle up at 1,345.03 pressured by the gains in Consumer Cyclicals and Basic Materials.

Additionally, Qatar equities closed the session in the green, where QSI advanced by 0.32 percent or 31.79 points to end the session up at 10,021.96 supported by the gains in Industrials, Consumer Non-Cyclicals and Healthcare sectors.

Regarding Oil news, The U.S. West Texas Intermediate Crude Oil futures were trading lower at 68.74 at 17:00 GMT.

Moreover, Brent Oil futures were down to trade at 78.41 USD per barrel at 17:00 GMT.

 

Saudi Stock Market:

Saudi Arabia stocks were lower on Thursday’s session as Saudi’s primary index TASI lost 0.59 percent or 44.73 to settle down at 7,590.65 hitting the lowest level in more than six months. The index was pressured by the losses in all sectors except for Industrials which rose by 0.77 percent.

Regarding stocks, the best performers of the session on the Tadawul All Share were Al Rajhi Company for Cooperative Insurance SJSC, which surged 4.69 percent to trade at 55.80 at the close, followed by Saudi Real Estate Co SJSC that rose by 3.81 percent to trade higher at 14.16.

Meanwhile, Mediterranean and Gulf Cooperative Insurance and Reinsurance Co CJSC was the worst performer of the session followed by Saudi Fisheries Co SJSC, which fell by 7.38 percent and 3.56 percent to settle lower at 14.82 and 19.50 respectively.

 

Egypt Stock Market:

Egyptian stocks were lower on Thursday’s session as EGX30 fell by 1.16 percent or 179.87 points to settle lower at 15,308.62  pressured by the losses in all sectors except for Energy sectors which rose by 0.36 percent.

Global Telecom Holding SAE was the top performer in the session as its stock advanced by around 2.92 percent. On the flip side, Egyptian Iron and Steel Co SAE, which plunged by 6.15 percent to end the session lower.

Ali Hwary

Ali Hwary

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