Variation in the main Gulf markets at the closure .. and Egypt cut the series of losses


The main stock markets in the Gulf closed mixed today, Sunday, with the Dubai index negatively affected by the performance of the real estate sector, while Egypt cut a series of losses that extended for three sessions, to close 0.7 percent higher.
The Saudi benchmark index lost 0.1 percent, after gains for eight consecutive sessions, with shares of Saudi Telecom and Riyad Bank down 1.3 percent.
Abu Dhabi’s index rose 0.3 percent, with Etisalat adding 0.7 percent and Aldar Properties adding 1.9 percent.
On Thursday, data showed that the UAE’s non-oil private sector grew for the sixth consecutive month in May, albeit at a slightly slower pace than April, while employment contracted for the fourth consecutive month.
The Dubai index fell 0.1 percent, due to the decline of Damac Properties 8.6 percent and the decline of Emirates NBD Bank, the emirate’s largest bank, 1.1 percent. But the blue-chip Emaar Properties rose 0.3 percent after announcing a 250 percent jump in real estate sales in Dubai in the first five months of 2021, according to “Reuters”.
The Corona virus crisis also struck the UAE last year, as a result of the shock of low oil prices and the severe impact of the pandemic on sectors of the non-oil economy such as tourism.
The Qatari index lost 0.1 percent, with shares of Industries Qatar down 0.8 percent and Qatar Islamic Bank 0.6 percent.
Outside the Gulf, the leading Egyptian index closed up 0.7%, after losses for three sessions, as El Sewedy Electric rose 4.3% and EFG Hermes rose 2.7%. Saudi Arabia The index fell 0.1% to 10,685 points Abu Dhabi The index rose 0.3% to 6,623 points Dubai The index fell 0.1% to 2,821 points Qatar The index fell 0.1% to 10,739 points Egypt The index rose 0.7% to 10,122 points Bahrain The index rose 0.2% to 1542 points The Sultanate of Oman The index rose 0.8 percent to 3,966 points. Kuwait The index rose 0.1 percent to 6,809 points


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