Most of the Gulf bourses rose for the past week …...

The Gulf stock markets rose during the sessions of the week ending, as the general index of the Saudi stock market rose by 0.71%, winning 58.88 points to close at 8295.05 points, and the market capital gain of 169.404 billion riyals to close at the level of 9.101 trillion riyals, and the general index of the Financial Market rose, By 0.6%, a profit of 13.45 points, to close at 2,265.70 points, and a profit of market capitalization of 1.21 billion dirhams, and the general index of the Abu Dhabi Securities Exchange jumped by 0.5%, winning 25.2 points to close at 4492.02 points, and the market capital gain was 5.31 billion dirhams, to close at 670.55. One billion dirhams.

While the general index of the Bahrain Stock Exchange declined by 1.24%, losing 17.94 points to close at 1432.46 points, while the Kuwait and Muscat stock exchanges were disrupted for 3 days, mourning the lives of Sheikh Sabah Al-Ahmad Al-Sabah, Emir of Kuwait.

Saudi Stock Exchange

The general index of the Saudi stock market increased, during the sessions of the week ending, by 0.71%, winning 58.88 points to close at 8295.05 points, while the parallel market retreated – growth of 4.97%, losing 720.88 points to close at the level of 13788 points, and the trading volume reached 3.116 billion shares, valued at 43.19 One billion riyals, and market capital gain of 169.404 billion riyals, to close at the level of 9.101 trillion riyals.

15 sectors rose on the Saudi Stock Exchange, led by the basic materials sector by 2.06%, followed by the telecommunications sector by 1.33%, while the energy sector declined by 1.6%, and then the banking sector by 0.24%.

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Dubai Stock Exchange

And the general index of the Dubai Financial Market jumped, during the trading week ending, by 0.6%, a profit of 13.45 points, to close at 2,265.70 points, and a profit of market capital of 1.21 billion dirhams.

On the Dubai Stock Exchange, the banking sector rose by 0.7%, driven by the rise in Emirates NBD by 0.5%, Dubai Islamic by 1.17%, and Emaar Malls, by 0.6%.

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Abu Dhabi Stock Exchange

The general index of the Abu Dhabi Securities Market rose by 0.5%, winning 25.2 points to close at 4492.02 points, and gaining market capitalization of 5.31 billion dirhams, to close at 670.55 billion dirhams.

The Abu Dhabi Stock Exchange jumped the banking sector with a growth rate of 0.8%, driven by the rise of Abu Dhabi Commercial Bank by 2.4%, the first Abu Dhabi stock by 0.4%, then the real estate sector by a growth of 0.3% driven by the rise in the share of Aldar Properties by 0.5%, then the energy sector by a growth of 1.7% This is driven by ADNOC Distribution, by 2.9%, and by 1.13%, by Dana Gas.

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Bahrain Stock Exchange

The general index of the Bahrain Stock Exchange declined, during the sessions of the week ending, by 1.24%, losing 17.94 points, to close at 1432.46 points, and trading volume reached 39.01 million shares worth 4.53 million Bahraini dinars.

On the Bahrain Stock Exchange, the commercial banking sector fell by 2.22%, due to the pressure of Ahli United Bank’s shares falling by 3.39%, then the industry sector by 0.73% due to the pressure of Aluminum Bahrain-Alba by 0.50%, then the investment sector by 0.34%, under pressure of a share decline. GFH Financial Group with a share of 1.23%.

The services sector increased by 0.87%, driven by the increase in Bahrain Telecommunications Company (Batelco) by 1.74%.

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