Tuesday, May 28, 2024

UAE markets close with margin .. and Saudi market closes higher above 12,500 levels, ignoring energy price slide | Latest news


UAE markets close with margin, and Dubai achieves positive liquidity supported by market leaders

– Qatar stock market index closed under pressure from banking and industrial sectors

The first Kuwaiti index closed at a 3-week low

Saudi market closes higher above 12500, ignoring decline in energy prices

– Egyptian indices end their trade in a reversal with liquidity exceeding 1.5 billion pounds.

UAE Markets:

UAE markets closed as Emaar Properties shares closed up around 1%, with cash flow exceeding 326 million dirhams supported by leaders, while the Dubai market index rose close to 3400 points.

On the other hand, DEWA shares closed up 1% and more than 10% from the opening of the listing.

The Abu Dhabi market also closed near 10,200 points with liquidity exceeding 1.3 billion dirhams.

Qatar Stock Exchange:

The Qatar Stock Exchange index lost 13,700 points in lower trading, under pressure from the banking and industrial sectors.

Shares in Al-Mannai ended higher despite the company’s drop in profits after it announced an interim dividend of 3.15 riyals per share, rising to a four-month high.

On the other hand, Palatna’s stock ended its trade on a decline as it plunged to its lowest level in a month with a 48% fall in second-quarter profit.

Kuwait Code:

Agility’s shares fell more than 2.3% under pressure, with the first Kuwaiti index to close near its lowest level in 3 weeks.

After a 1% gain during Monday’s trading session, shares of National Industries Group and your house rallied from the index’s decline.

Ahly United’s stock saw some selling pressure ahead of a scheduled August 17 stock trading halt to implement Bahrain Bank’s takeover of Kuwait Finance House.

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Saudi Market:

The Saudi Arabian market closed above 12,500 levels, with liquidity of nearly 8 billion riyals, despite a slump in oil prices.

Solutions stock ended with gains of more than 1.5% after the Competition Authority approved the acquisition of shares in Giza Systems and its subsidiary.

Shares of Kingdom Holding fell more than 1%.

Egyptian Stock Exchange:

Egyptian indices ended their trade mixed as the EGX30 closed below 10 thousand points.

On the other hand, the EGX70 index closed above 2100 points, and liquidity exceeded 1.5 billion pounds.

Shares of Favre fell after the company’s profit fell 2.2% in the second quarter.

Nadia Barnett
Nadia Barnett
"Award-winning beer geek. Extreme coffeeaholic. Introvert. Avid travel specialist. Hipster-friendly communicator."

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