Mena shares closed Monday’s session in mixed territories as oil prices surged on supply concerns.

Mena shares closed Monday’s session in mixed territories as oil prices surged on supply concerns.

Bahraini shares were trading lower on today as the primary Bahraini index BAX lost 0.26 percent or 3.496 points to end the session in the red at 1335.058 pressured by losses in Financials sectors.

moreover, Qatar equities closed the session in the red where QSI added 0.24 percent or 23.12 points to end the session lower at 9,790.2 pressured by losses in Telecommunications Services and Basic Materials.

On the energy front, WTI Oil prices surged on Monday’s session to trade at $74.64 per barrel at 15:00 GMT. ahead of U.S. sanctions on Iran which will be imposed next month.

Meanwhile, Brent Oil also was higher to trade at $84.37 a barrel at 15:00 GMT.

Saudi Stock Market:

Saudi Arabia stocks were higher on today’s trading session. Saudi’s primary index TASI added 0.48 percent or 38.53 to settle up at 8,038.07 boosted by the gains in Financials and Healthcare.

Regarding stocks, the best performers of the session on the Tadawul All Share were United Cooperative Assurance Company which added 9 percent, while National Medical Care Company and Gulf General Cooperative Insurance both added 5.7 and 5.26 percent respectively.

On the other hand, Wafrah for Industry and Development was the worst performer of the session falling 2.35 percent followed by Southern Province Cement which fell by 2.03 percent.

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 4,997.582.

Abu Dhabi National Hotels was the best performer on today’s trading session as it rose by 6.67 percent, followed by Invest Bank which advanced by 6.38 percent.

Moreover, Dubai shares were trading higher as DFMGI rose by 0.52 percent or 14.61 points to settle up at 2,849.56 due to gains in the Consumer Cyclicals sector.

In the corporate space, DXB Entertainments was the best performer on the DFM index, adding 3.75 percent, followed by Deyaar Development which gained 2.81 percent.

Egypt Stock Market:

Egyptian shares were lower on Monday’ssession as EGX30 fell by 1.16 percent or 169.75 points to settle lower at 14,446.72.

Qatar National Bank Alahly was the top performer in the session as its stock rose by 2.5 percent. On the flip side, Alexandria Mineral Oils plunged by 5.85 percent.