Gulf stock markets closed mixed on Monday’s trading session, with Saudi market advanced, while Bahraini and Qatar shares ended the session in the red.
Bahraini shares closed the today’s session in the red as the primary Bahraini index BAX lost 0.17 percent or 2.228 points to settle down at 1,338.98 pressured by the losses in Basic Materials and Telecom Services sectors.
Furthermore, Qatar equities closed the session in the red where QSI fell by 1.10 percent or 109.35 points to end the session down at 9,832.68 supported by the losses in Financials, Basic Materials and Industrials sectors.
Regarding Oil news, The U.S. West Texas Intermediate Crude Oil futures were trading higher at 69.51 at 14:10 GMT.
Moreover, Brent Oil futures were higher to trade at 78.77 USD per barrel at 14:10 GMT.
Saudi Stock Market:
Saudi Arabia stocks were higher on Monday’s trading session. Saudi’s primary index TASI gained 1.87 percent or 139.84 to settle up at 7,609.65 reaching its highest point since the third of June. The market was supported by the gains in Financials, Energy and Industrials sectors.
Regarding stocks, the best performers of the session on the Tadawul All Share were Saudi Kayan Petrochemical Co SJSC, which surged 8.10 percent to trade at 16.28 at the close, followed by National Commercial Bank SJSC that rose by 7.15 percent to trade higher at 41.20.
Meanwhile, Mediterranean and Gulf Cooperative Insurance and Reinsurance Co CJSC was the worst performer of the session followed by Eastern Province Cement Co SJSC, which fell by 4.80 percent and 3.90 percent to settle lower at 13.08 and 20.22 respectively.
United Arab Emirates Stock Market:
UAE shares closed today’s trading session in the red territory, as both Abu Dhabi and Dubai markets finished the session lower.
Abu Dhabi equities closed Monday’s session lower as the losses in Financials, Energy and Telecom Services sectors pressured the broader market. Abu Dhabi’s leading benchmark ADI lost 1.67 percent or 82.892 points to settle lower at 4,882.85.
Ras Al Khaimah Ceramics PJSC was the best performer on today’s trading session as it rose by 6.36 percent, followed by Emirates Driving Company PJSC, which advanced by 5.71 percent.
Moreover, Dubai shares were trading lower as DFMGI dropped by 0.79 percent or 21.96 points to settle down at 2,752.13 pressured by losses in, Financials, Industrials and Consumer Cyclicals sectors.
In the corporate space, Amanat Holdings PJSC was the best performer on the DFM index, adding 2.50 percent, followed by Deyaar Development PJSC which gained 0.71 percent to end the session in the green.
Egypt Stock Market:
Egyptian shares were lower on Monday’s session as EGX30 fell by 0.71 percent or 104.66 points to settle lower at 14,650.97 pressured by the losses in Healthcare, Consumer Non-Cyclicals and Consumer Cyclicals sectors.
Pioneers Holding Company for Financial Investments SAE was the top performer in the session as its stock gained around 5.28 percent. On the flip side, Juhayna Food Industries SAE plunged by 6.22 percent to end the session lower.