Saudi stocks gain 85 billion riyals within a week… and 18 billion dirhams, UAE gains

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The Gulf stock exchanges rose during the sessions of the week ending in the third week of October, and the general index of the Dubai Financial Market led by 2.43%, winning 68 points, to close at 2857 points, and the UAE markets gained about 18 billion dirhams, and the Saudi market gained 85 billion riyals.

Saudi Stock Exchange

The general index of the Saudi stock market rose, during the sessions of the ending week, by 2.03%, gaining 240.47 points, to close at 11,939.58 points, and the trading volume on the Saudi Stock Exchange reached one billion shares, worth 36.9 billion riyals, through the implementation of 2.1 million deals, and the profit of the market capitalization was 85.3 billion riyals to close. At 10.5 trillion Saudi riyals.

14 sectors in the Saudi Stock Exchange, led by banks, rose by 3.88%, followed by the energy sector by 0.97%, followed by the communications sector by 0.74%, then the basic materials sector by 0.43%, while 7 sectors, led by medicines, decreased by 3.19%, then the capital goods sector by 1.07%.

Kuwait Stock Exchange

The Kuwait Stock Exchange also rose, during the trading week that ended, as the general market index rose by 1.31%, winning 90.44 points, to close at the level of 6,976.59 points, and the first market index jumped by 1.01%, winning 75.6 points, to close at the level of 7537.05 points, and the main market index increased by 2.21 %, gaining 127.79 points, to close at the level of 5900.05 points, and the main index 50 rose by 1.51%, winning 90 points, to close at the level of 6073.26 points.

The trading volume during the week’s trading reached about 1.7 billion shares, with a value of 221.1 million Kuwaiti dinars, through the implementation of 57.4 thousand deals.

UAE markets

The general index of the Dubai Financial Market rose, during the sessions of the past week, by 2.43%, winning 68 points, to close at 2857 points, and the market capitalization gained about 9.6 billion dirhams, to close at 391.03 billion dirhams.

On the Dubai Stock Exchange, the banking sector rose by 2.59%, driven by the rise of Ajman Bank by 0.44%, Emirates NBD by 2.6%, Dubai Islamic Bank by 2.83%, and then the real estate sector by 0.44%, driven by the rise in the share of Emaar Properties by 0.25%, Emaar Malls by 0.5%.

The general index of the Abu Dhabi Stock Exchange, during the sessions of the ending week, rose by 0.83%, winning 65 points, to close at the level of 7876 points, and the Abu Dhabi Stock Exchange gained 8 billion dirhams to close at the level of 1.421 trillion dirhams.

On the Abu Dhabi Stock Exchange, the banking sector rose by 0.86%, driven by the rise of the First Abu Dhabi Bank by 0.9%, Abu Dhabi Commercial Bank by 5.1%, Abu Dhabi Islamic Bank by 1.78%, and then the telecommunications sector by a growth of 2.39%, driven by the rise in the shares of Emirates Group Company. Telecom by 2.08%, Sudatel Telecommunications Group Ltd. – Sudatel by 0.27%.

Muscat Stock Exchange

During the last week’s sessions, the general index of the Muscat market jumped by 0.71%, gaining 28.2 points, to close at 3984.69 points. The trading volume reached 45.8 million shares, with a value of 7.51 million riyals, while the market capital lost 51.03 million riyals to reach the level of 21.997 billion riyals.

The rising shares were led by “Jazira Steel” by 18.4%, followed by “Gulf mushrooms” by 16.68%, followed by “Muscat Horses” by 9.09%, while the decliners were led by “Safa Foods” by 26.74%, followed by “Omani United Insurance” share “Sohar Energy” by 9.14%, followed by “Sohar Energy” by 8.51%.





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