Most of the Gulf stock exchanges rose after the “Al-Adha” holiday, and “Abu Dhabi” hit a record level


Most of the Gulf stock exchanges rose yesterday, with the resumption of its activity after the long Eid Al-Adha holiday, and the Abu Dhabi Stock Exchange recorded a record high. Traders in the Gulf usually sell shares during the holidays and are generally cautious, in anticipation of any developments in global markets during the period when stock exchanges in the region are closed.
And according to “Reuters”, the Dubai index closed up 1.1 percent to 2774 points, thanks to the 3.1 percent rise of Emirates NBD Bank, before the board of directors meeting on Tuesday to discuss the financial statements for the first half of the year.
Dubai Islamic Bank shares rose 0.21 percent, “Emaar Properties” 1.26 percent, “Emaar Development” 1.65%, “Emaar Malls” 2.05 percent, and “Union Properties” 1.66%.
In Abu Dhabi, the main index rose 0.7 percent to 7106 points, and “Etisalat” shares rose 0.7 percent and Abu Dhabi Islamic Bank 2.1 percent. The latter’s board of directors will meet on Wednesday to discuss and approve the second-quarter earnings. The share of “Dana Gas” also jumped 2.5 percent, after the energy company won an arbitration case over the sale of its assets in Egypt. In April, Dana Gas said that IPR El Wastani Petroleum Ltd., a subsidiary of IPR Energy Group, had requested arbitration after Dana canceled the sale of its oil and gas assets in Egypt.
Abu Dhabi Commercial shares rose 0.59 percent, First Abu Dhabi Bank 0.12 percent, “Alpha Abu Dhabi Holding” 3.57 percent, “Ras Al Khaimah Real Estate” 0.32 percent, and “Waha Capital” 0.7 percent.
The Qatari index gained 0.8 percent to 10,778 points, and Qatar National Bank and Qatar Islamic Bank increased 1.1 percent each.
The Bahrain index rose 0.5 percent to 1586 points, and the Muscat index lost 0.6 percent to 4,051 points. The Kuwait index added 1.1 percent to 7,010 points.
In Cairo, the main index of the Egyptian Stock Exchange rose 0.9 percent to 10746 points, with the support of local purchases, and most of the index shares rose, including the Commercial International Bank, and increased by 0.8 percent.
The market capital rose during yesterday’s session by 8.7 billion pounds, to close at 694.175 billion pounds.
Egyptian investors’ transactions tended to buy with a net of 39.07 million pounds, while Arabs and foreigners tended to sell with a net of 3.5 million pounds and 35.48 million pounds, respectively.
During yesterday’s trading, the value of trading on listed shares amounted to 1.5 billion pounds, through 532.03 million shares, through 50.45 thousand deals.


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