Collective rise of Gulf stock markets on the impact of oil and real estate gains



Al Ain newsletter Agencies
Financial markets in the UAE, Saudi Arabia and Kuwait opened the week with a collective rise for their various indices, amid gains for banks, real estate and oil companies.

In the UAE, the market value of shares of traded companies gained about 18.5 billion dirhams at the end of today’s session.

The general index of the Dubai Financial Market exceeded the barrier of 1900 points, reaching 1914 points, an increase of about 3% compared to the previous session, while the general index of Abu Dhabi Securities Market grew by 2.9%, closing at 4083 points.

According to the daily monitoring of the movement of shares, activity in the Dubai Financial Market led the shares of Emirates NBD higher to 8.35 dirhams, in addition to the shares of Dubai Islamic Bank to the level of 3.47 dirhams ..

In the real estate sector, Emaar rose to 2.52 dirhams, and Deyaar joined it to 0.25 dirhams, and Etihad Real Estate shares to 0.29 dirhams.

On the Abu Dhabi Securities Exchange, the shares of First Abu Dhabi Bank rose to 11.58 dirhams, and the share of Abu Dhabi Commercial Bank to 4.36 dirhams, the share of Abu Dhabi Islamic Bank rose to 3.45 dirhams, while the shares of Aldar rose to 1.51 dirhams.

The value of deals concluded in the Abu Dhabi and Dubai financial markets about 406 million dirhams, and the number of shares traded 235 million shares executed through 5027 transactions.

For its part, the main Saudi stock index closed up 46.75 points, to close at 6678.44 points, and transactions worth more than 2.7 billion riyals.

The number of traded shares reached more than 140 million shares, which were shared by more than 138 thousand transactions, in which the shares of 136 companies recorded an increase in their value.

The shares of Al-Watania, Bahr Al-Arab, Al-Alamia, Petro Rabigh and Buruj Insurance were the top gainers, while the shares of Alinma, Sirea, Saudi entity and Saudi Aramco were the most active in volume.

Likewise, the Kuwait Stock Exchange closed the first session of the week on the rise of the general market index 63.9 points to reach the level of 4810.3 points, an increase of 1.35%.


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