Gulf stock markets closed mixed on Thursday’s trading session, with Saudi market advanced, while Qatar shares ended the session in the negative territory.September 22, 2018
Gulf stock markets closed mixed on Thursday’s trading session, with Saudi market advanced, while Qatar shares ended the session in the negative territory, with Bahraini market closed due to Ashoura Day holiday.
Qatar equities closed the session in the red where QSI fell for the fifth session in a row by 0.40 percent or 39.07 points to end the session down at 9,766.33 pressured by the losses in Telecom Services and Financials sectors.
Regarding Oil news, The U.S. West Texas Intermediate Crude Oil futures were trading higher at 70.67 at 15:00 GMT.
Furthermore, Brent Oil futures were higher to trade at 78.94 USD per barrel at 15:00 GMT.
Saudi Stock Market:
Saudi Arabia stocks were higher on Thursday’s trading session. Saudi’s primary index TASI gained 0.50 percent or 38.66 to settle up at 7,768.31 boosted by the gains in Consumer Cyclicals.
Regarding stocks, the best performers of the session on the Tadawul All Share were MedGulf, which surged 6.06 percent to trade at 14.00 at the close, followed by Tabuk Cement Co. that rose by 4.30 percent to trade higher at 12.00.
Meanwhile, Saudi Fisheries Co a was the worst performer of the session followed by Dallah Healthcare Holding Company, which fell by 4.92 percent and 4.41 percent respectively.
United Arab Emirates Stock Market:
UAE shares closed today’s trading session in the mixed territory, as Abu Dhabi ended lower while Dubai markets finished the session higher.
Abu Dhabi equities closed Thursday’s session lower as Abu Dhabi’s leading benchmark ADI lost 0.01 percent or 0.64 points to settle lower at 4,883.42.
Abu Dhabi National Hotels Co was the best performer on today’s trading session as it rose by 5.56 percent to end the session at 2.85, followed by Dana Gas, which advanced by 1.77 percent to settle up at 1.15
Moreover, Dubai shares were trading higher as DFMGI rose by 0.86 percent or 23.70 points to settle up at 2,764.38 due to gains in most of the sectors.
In the corporate space, Arabtec Holding PJSC was the best performer on the DFM index, surging by 7.95 percent, followed by Islamic Arab Insurance Company PJSC which gained 4.03 percent to end the session in the green.
Egypt Stock Market:
Egyptian shares were lower on Thursday’s session as EGX30 lost around 0.11 percent or 15.08 points to settle lower at 14,083.84 weighed by local sell-offs reaching ten months low.
Medinet Nasr Housing was the top performer in the session as its stock boosted by around 9.63 percent. On the flip side, Egyptian Iron & Steel plunged by 8.99 percent to end the session lower.