The decline of the Saudi and Dubai stock exchanges in the...

The decline of the Saudi and Dubai stock exchanges in the...
The decline of the Saudi and Dubai stock exchanges in the...

performance contrast Gulf Stock ExchangesDuring today’s trading session, Thursday, the end of the week’s sessions, as the general index of the market declined Saudi stocks “TASI”, by 0.41%, losing 48.97 points, to close at 11758.82 points, and the general index of the Financial Market, by 0.10%, losing 3.04 points, to close at the level of 2861.13 points, while the general index of the Abu Dhabi Stock Exchange, by 0.24%, gaining 18.85 Points to close at 7,872.552 points. The Kuwait Stock Exchange indices rose, and the Bahrain Stock Exchange jumped.

Saudi Stock Exchange

The general index of the Saudi stock market “TASI”, at the close of trading today, Thursday, decreased by 0.41%, losing 48.97 points, to close at the level of 11,758.82 points, while the parallel market index – growth increased by 1.44%, winning 343.62 points, to close at the level of 24255.84 points, and the trading volume reached 185.9 million shares worth 7.5 billion riyals.

Eight sectors in the Saudi stock market fell, led by media and entertainment by 3.23%, followed by the basic materials sector by 2.3%, followed by the food production sector by 0.83%, then the health care sector by 0.67%, then the pharmaceutical sector by 0.47%, then the long goods sector term by 0.38%, then the energy and capital goods sectors by 0.15% and 0.13%, respectively, while the public utilities sector increased by 1.85%, then the commercial and professional services sector by 1.48%, then the insurance sector by 0.65%, then the real estate management and development sector by 0.57%.

113 shares jumped during today’s trading session, led by “Fitness Time” share by 5.19%, then “Mepco” share by 5.11%, then “Maharah” share by 4.50%, and 77 shares declined, led by “Saudi Group” by 8.24%, Then “Petrochem” share by 6.05%, then “Petro Rabigh” share by 5%, while “Petro Rabigh” share topped the list of the most active by value, amounting to 653.6 million Saudi riyals.

Dubai stock exchange

The general index of the Dubai Financial Market, at the close of trading today, Thursday, decreased by 0.10%, losing 3.04 points, to close at 2861.13 points, and the trading volume was 134.6 million shares, achieving a value of 181.4 million dirhams through the implementation of 3540 transactions for 32 shares, and 4 sectors fell. In the Dubai Stock Exchange, led by investment and financial services by 1.07%, followed by the telecommunications sector by 0.96%, followed by the real estate sector by 0.58%, then the commodities sector by 0.12%, while the transportation sector increased by 0.87%, then the insurance sector by 0.28%, then the banking sectors and services by 0.25% and 0.24%, respectively.

13 shares jumped on the Dubai Stock Exchange, at the conclusion of Thursday’s session, led by Al-Firdous Holding Company by 14.70%, then the International National Police Holding by 5.46%, and 11 shares, led by Al-Saqr Insurance Company by 10%, then Union Properties by 2.59 The share of Emaar Real Estate Company topped the most traded list by value, with a volume of 11.8 million notes, with a value of 47.3 million dirhams.

Abu Dhabi Stock Exchange

While the general index of the Abu Dhabi Stock Exchange, at the close of trading today, Thursday, increased by 0.24%, gaining 18.85 points, to close at the level of 7,872.552 points, and the market capitalization gained one billion dirhams to close at the level of 1.436 trillion dirhams, and the trading volume reached 407.1 million shares, with a value of 1.9 billion dirhams by executing 10.2 thousand transactions.

Seven sectors on the Abu Dhabi Stock Exchange rose, led by the industry by 2.14%, followed by the telecommunications sector by 0.66%, followed by the services sector by 0.35%, then the consumer goods sector by 0.21%, then the investment, financial services and energy sectors by 0.17%, 0.14%, respectively. Finally, the banking sector decreased by 0.08%, while the real estate sector alone decreased by 0.36%.

22 shares rose on the Abu Dhabi Stock Exchange, led by the “Ras Al Khaimah Cement Investment Company” by 6.13%, then the “Fujairah Cement Industries Company” by 5.65%, then the “National Corporation for Tourism and Hotels” by 5.47%, and 24 shares fell, headed by the share ” Sharjah Group” by 9.85%, then “Ras Al Khaimah Poultry Company” share by 9.73%, then “I want company” share by 9.7%, while the “Aldar Real Estate Company” share topped the most active list by value and amounted to 520.4 million dirhams.

Kuwait Stock Exchange

The Kuwait Stock Exchange indices also rose, at the close of trading today, Wednesday, as the general market index rose by 0.92%, winning 65.05 points, to close at 7100.13 points, and the first market index jumped by 1.05%, winning 80.11 points, to close at 7678.21 points, and the main market index increased by 0.54%, gaining 32.20 points, to close at the level of 5986.66 points, and the main index 50 rose by 0.60%, winning 36.85 points, to close at the level of 6169.54 points.

The trading volume at the close of transactions amounted to about 680.5 million shares, with a value of 103.8 million Kuwaiti dinars, through the implementation of 20.9 thousand deals, and 10 sectors in the Kuwait Stock Exchange, led by technology, rose by 4.72%, followed by the consumer services sector by 1.91%, followed by the financial services sector by 1.21%, then the Banks by 1.19%, then the real estate sector by 0.58%, then the industry and energy sectors by 0.45%, 0.44%, respectively, then the consumer goods sector by 0.13%, then the telecommunications sector by 0.09%, and finally the communications sector by 0.09%, while it declined Utilities sector by 0.42%.

Bahrain Stock Exchange

The general index of the Bahrain Financial Market rose, at the close of trading today, Thursday, by 0.30%, gaining 5.21 points, to close at 1742.14 points, and the trading volume reached 4.9 million shares, with a value of 768 thousand Bahraini dinars. Al Khaleeji Commercial, GFH Financial Group, National Bank of Bahrain, Bank of Bahrain and Kuwait increased by 5.56%, 4.35%, 0.82%, 0.6%, respectively, then the real estate sector with a growth rate of 13.26%, driven by the rise in the share of Seef Properties by 0.55%.

On the other hand, the industrial sector declined by 3.77%, due to the pressure of the shares of Bahrain National Holding Company by 1.19%, and IBM Terminals Bahrain by 0.15%.

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I am Joshua Kelly and I focus on breaking news stories and ensuring we (“Al-KhaleejToday.NET”) offer timely reporting on some of the most recent stories released through market wires about “Services” sector. I have formerly spent over 3 years as a trader in U.S. Stock Market and is now semi-stepped down. I work on a full time basis for Al-KhaleejToday.NET specializing in quicker moving active shares with a short term view on investment opportunities and trends. Address: 838 Emily Drive Hampton, SC 29924, USA Phone: (+1) 803-887-5567 Email: [email protected]