An expert in financial markets analyzes the performance of Arab stock exchanges and fears of financial crises

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She said Hanan Ramses expertmoney driverThe Arab markets reacted between rising oil prices To the limits of $ 81, and fears of global financial crises due to US debt.

She pointed out that the Egyptian market indicators began to rise, its main index, to support the offering of 21 companies that were expected to be offered in the past two years, and postponed the outbreak of the Corona virus around the world and its economic repercussions, which the world is still suffering from until now.

Hanan Ramses, an expert in financial markets, reviewed the performance of the Arab stock exchanges during the week ending as follows:

UAE financial markets

The UAE stock market indices witnessed during the last week’s sessions, achieving market gains of 23 billion dirhams.

The general index of the Dubai Financial Market, during the sessions of the ending week, rose by 0.61%, winning 17 points, to close at the level of 2789 points, and the profit of the market capital was about 3.93 billion dirhams, to close at the level of 385.339 billion dirhams.

And the Dubai Stock Exchange, the banking sector, rose by 0.44%, driven by the rise of Ajman Bank by 0.44%, Dubai Islamic Bank by 1.22%, Emirates NBD by 6.2%.

The general index of the Abu Dhabi Stock Exchange, during the sessions of the ending week, rose by 1.32%, winning 102 points, to close at the level of 7811 points, and the Abu Dhabi Stock Exchange gained 19 billion dirhams to close at the level of 1.413 trillion dirhams.

On the Abu Dhabi Stock Exchange, the banking sector jumped with a growth rate of 2.1%, driven by the rise of the First Abu Dhabi Bank by 3%, Abu Dhabi Commercial Bank by 6.86%, Abu Dhabi Islamic Bank by 0.71%, and then the telecommunications sector by a growth of 1.58%, driven by the rise of the Emirates Group Company share Telecom increased by 2.14%.

Muscat Stock Exchange

During the last week’s sessions, the general index of the Muscat market decreased by 0.14%, losing 5.69 points, to close at 3,956.49 points. The trading volume amounted to 63.8 million shares, with a value of 16.8 million riyals, and the market capital lost 18.8 million riyals to reach the level of 22.048 billion riyals.

The rising shares were led by “Oman Qatar Insurance” by 9.09%, followed by “Omani Finance Services” by 7.27%, followed by “Sohar Energy” by 6.82%, while the decliners were led by “Dhofar Power Generation” by 26.27%, followed by “Dhofar Power Generation” by 26.27%, followed by “Sohar Energy” by 6.82%. Al-Hassan Engineering” by 16.67%, followed by “National Aluminum” by 14.29%.

Kuwait Stock Exchange

During the last week’s sessions, the Kuwait Stock Exchange witnessed a contrast of all indicators, amid a decline in trading levels, especially at the level of volumes.

The general market index rose by 0.04%, gaining 2.64 points, to close at the level of 6886.15 points, while the first market index decreased by 0.23%, losing 17 points, to close at the level of 7,461.46 points, and the main market index rose by 0.85%, winning 48.52 points, to close at 5772.26 points, and increased Major Index 50 increased by 0.31%, gaining 185.52 points, to close at 5983.20 points.

The trading volume during the week’s trading reached about 1.82 billion shares, with a value of 260.8 million Kuwaiti dinars, through executing 69.2 thousand transactions.

Saudi stock market

The Saudi stock market witnessed during the last week’s sessions, the general index of the Saudi stock market increased by 0.93%, gaining 107.78 points, to close at the level of 11699.11 points.

The trading volume in the Saudi stock market reached 1.1 billion shares, worth 41.2 billion riyals, through the implementation of 2.1 million deals, and the market capitalization gained 114.1 billion riyals, to close at 10.42 trillion Saudi riyals.

Six sectors in the Saudi stock market rose, led by basic materials by 4.21%, followed by the banking sector by 1.4%, followed by the energy sector by 0.35%.

3 sectors in the Saudi stock market declined, led by the media and entertainment sector by 5.07%, then the communications sector by 2.95%.

Egyptian Stock Exchange

Hanan Ramses said that despite the continuation of the controversy regarding the capital gains tax, which led to cautious anticipation by individuals in exchange for a clear superiority in the transactions of institutions, which were usually on the side of the spectator without participation, this week it violated the norm and began injecting strong liquidity into stocks. Leading sectors, especially the banking sector shares, which started to recover part of their recovery after more than a year of removing the active sectors.

The main index of the Egyptian Stock Exchange “EGX30” increased by 4.36% to close at 10,995.59 points, during the last week’s sessions.

While the EGX 70 of equal weights index declined by 0.98% to close at 2636.60 points, and the EGX 100 of equal weights decreased by 0.43% to close at 3593.06 points.

The “EGX30” index of specific weights recorded an increase of 3.55% to close at the level of 13341.92 points, and the index of excellence rose by 2.64% to close at the level of 4586.97 points.

The market capitalization of the Egyptian Stock Exchange gained about 12.6 billion pounds during the last week’s sessions, to close at 711.6 billion pounds, with a growth rate of 1.8%.

The total value of trading in the Egyptian Stock Exchange rose to 25.1 billion pounds during the last week, while the volume of trading amounted to about 2.143 billion papers executed on 176 thousand transactions.

This is compared to a total trading value of 21.3 billion pounds, and the volume of trading amounted to 4.798 billion papers executed on 146 thousand transactions during the past week.

Shares accounted for 28.2% of the total value of trading inside the cabin, while the trading value of bonds represented about 71.8%.

Hanan Ramses expected, during this week’s sessions, that institutions will continue to form intensive purchasing positions to improve the performance of the main index of the stock exchange in conjunction with the offering of the “e-Finance” company, the electronic farmers, to complete the digitization of the state, whose shares were offered in two private offerings and were covered 5 times.

And the year the subscription ends next Sunday, and the 25 million offerings have been covered 20 times. As for the sub-indices, they will not turn to their upward trend until after the issue of the capital gains tax is resolved and canceled and the stamp duty tax is maintained at its current levels to activate the trading of individuals, the biggest supporter of the high trading liquidity in the stock market since the height of the Corona crisis in March before last.





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