The rise of the Egyptian and Saudi stock exchanges … and Qatar stocks continue to decline

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Economy

Al Ain newsletter Agencies
The Saudi stock market closed higher on Sunday, thanks to gains in the banking sector, while the Egyptian Stock Exchange advanced in light of widespread gains.

The Saudi index increased 1%, thanks to the rise of Al-Rajhi Bank 0.9% and the rise of Dr. Sulaiman Al Habib Medical Services, 9.1%.

Shares of Almarai rose 1.2% after it announced an increase in the profits for the second quarter of the year on an annual basis.

The Saudi financial market, Tadawul, announced on Sunday that the total market value of listed shares amounted to 8,332.7 billion riyals at the end of the week ending July 2, an increase of 0.73% compared to the previous week.

She explained that the value of the ownership of the “foreign investor” constituted 2.08% of the total market value of the listed shares as of the second of this month.

The main Egyptian index closed up 1.8% after a two-day holiday.

And 25 of the 30 stocks rose on the index, and that included Commercial International Bank, which rose 2.2%.

In Qatar, the index fell 0.3%, affected by the decline of Rayyan Bank 1.4% and the loss of Qatar National Bank by 1%.

The following are the closing levels of Arab stock market indices today:

Saudi Arabia .. the index rose 1% to 7388 points.

Qatar .. the index fell 0.3% to 9187 points.

Bahrain .. The index rose 0.3% to 1278 points.

Sultanate of Oman .. The index fell 0.1% to 3,508 points.

Kuwait .. The index rose 0.4% to 5624 points.





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