Mena shares closed Wednesday’s session in the green while Saudi and Bahraini shares closed on negative notes.September 26, 2018
Most of Mena shares closed Wednesday’s session in the green while Saudi and Bahraini shares closed on negative notes.
Bahraini shares were trading lower on today as the primary Bahraini index BAX lost 0.38 percent or 5.19 points to end the session in the red at 1350.16 pressured by losses in Basic Materials sectors.
On the other hand, Qatar equities closed the session in the green where QSI added 15.08 percent or 15.08 points to end the session up at 9,728.50 boosted by the gains in Utilities and Telecoms sectors.
On the energy front, WTI Oil prices fell Wednesday’s session to trade at $71.69 per barrel at 13:30 GMT.
Meanwhile, Brent Oil traded lower to trade at $81.17 a barrel at 13:30 GMT.
Saudi Stock Market:
Saudi Arabia stocks were lower on today’s trading session. Saudi’s primary index TASI fell by 0.15 percent or 11.72 to settle down at 7,893.55 pressured by the losses in Consumer Cyclicals and Healthcare.
Regarding stocks, the best performers of the session on the Tadawul All Share were Saudi Company for Hardware SJSC, Amana Cooperative Insurance Company SJSC, and Saudi International Petrochemical Co SJSC, which surged 4.5, 1.22 and 1.02 percent.
Meanwhile, Al Jouf Cement Co SJSC was the worst performer of the session followed by Al Khaleej Training and Education Co SJSC, which fell by 1.35 percent and 1.33 percent respectively.
United Arab Emirates Stock Market:
UAE shares closed today’s trading session in the green territory, as both Abu Dhabi and Dubai markets finished the session higher.
Abu Dhabi equities closed today ’s session in the green as Abu Dhabi’s leading benchmark ADI settled up at 4.929.98.
Sharjah Cement and Industrial Development CompanyPSC was the best performer on today’s trading session as it rose by 7.41 percent, followed by First Abu Dhabi Bank PJSC, which advanced by 1.26 percent.
Moreover, Dubai shares were trading higher as DFMGI rose by 0.78 percent or 21.53 points to settle up at 2,778.57due to gains in the Utilities sector.
In the corporate space, National General Insurance Co PJSC was the best performer on the DFM index, surging by 4.71 percent, followed by Aramex PJSC which gained 2.24 percent.
Egypt Stock Market:
Egyptian shares were higher on Wednesday’s session as EGX30 Added around 1.77 percent or 253.54 points to settle higher at 14,612.18.
Egyptian Iron and Steel was the top performer in the session as its stock rose by around 7.38 percent. On the flip side, Edita Food Industries plunged by 10 percent.