In Riyadh, the Saudi stock exchange rose sharply in the week ending June 8, 2023, to register the second highest weekly gain since the start of the year, given the sectors’ near collective rise.
The general market index “TASI” registered an increase of 3.5%, which is the highest gain for the index for the week ending March 23, 2023, which saw the recording of the gains. higher since the beginning of the year, to add the general index 282.2 points to its balance, which brought it to the level of 11397 points.
Market gains amounted to 309.18 billion riyals, bringing the market capitalization of shares listed on “Tadawul” to 10.92 trillion riyals from 10.61 trillion riyals at the end of last week.
All sectors posted a positive performance during the week, with the exception of the real estate traded funds sector, which bucked the trend, posting weekly losses of 0.23%.
The bucket
UAE stock exchanges consolidated their gains at the end of Friday’s session, and their market capitalization gained more than 11.8 billion dirhams, supported by gains in major stocks in the financial, industrial and utilities sectors. .
The market capital of listed shares rose from 3.305 billion dirhams at the end of yesterday’s session to 3.316 billion dirhams at the end of today’s session, broken down into 2.678 billion dirhams for shares listed on the Abu Dhabi Stock Exchange and 638.6 billion dirhams for shares listed on the Dubai Financial Market.
UAE shares attracted cash of approximately 1.5 billion dirhams, distributed by 976.29 million dirhams in the Abu Dhabi market and 524.8 million dirhams in the Dubai market, and approximately 549 million shares were traded thanks to the implementation of more than 24.8 thousand transactions.
The FTSE Abu Dhabi General Market Index, “Fadji”, rose 0.18%, or the equivalent of 16.9 points, to close at 9368.76 points, and the Abu Dhabi Market Index, ” Fadex 15″, rose 0.23%, or the equivalent of 21.4 points, to close at 9,197.18 points, while the general Dubai Financial Market Index rose around 0.3 %, it gained 11.06 points, to close at 3,689.69 points.
“Al-Alamiya Holding” led the activity in the Abu Dhabi market, attracting liquidity of around 220.8 million dirhams and closing at 395 dirhams, followed by “Q Holding” with liquidity of 188.2 million dirhams and closed by 6.55%, then “Al-Fadhabi” attracted around 96.1 million dirhams and rose by 2.95%.
In the Dubai financial market, “Gulf Navigation” acquired the largest share of cash of around 112.5 million dirhams and closed with a gain of around 5.9%, followed by “Ajman Bank” with a liquidity of 107.5 million dirhams and increased by 3.1%, then “Education” which attracted more than 75.7 million dirhams.
During the week, the Dubai stock market index rose 2.6%, surpassing the 3,700 mark for the first time since the beginning of May 2022, unlike the Abu Dhabi market losing 0.4% at the level of 9,369 points. .
Kuwait
In Kuwait, the Kuwait Stock Exchange’s leading index rose 1.5%, with shares of Sultan Center rising 6.36% and Kuwait Finance House “KFH” rising 2.25%.
The market value of Kuwaiti shares at the end of today’s session stood at 40.502 billion dinars, an increase of 1.05%, estimated at 421 million dinars, compared to its level at the end the previous week, which amounted to 40.081 billion dinars.
Qatar
The general Qatar Stock Exchange index rose 0.5% last week, with Commercial Bank’s share rising 4.93% and National Cement’s share rising 2.63%.
the Sultanate of Oman
The Muscat Securities Market index posted a weekly gain of 0.6%, with shares of Dhofar International up 32.3% and Dhofar Foods up 8%.
The stock exchange’s market value rose during the week by 0.12% to 23.699 billion riyals from 23.672 billion riyals last week, with market gains of 27.54 million riyals.
Egypt
In Cairo, the seventieth index of the Egyptian Stock Exchange registered the highest weekly gain in 3 years, after rising 11%, while the thirty-first index fell about 0.1%.
It should be noted that investors in the Egyptian Stock Exchange expect the resumption of the government’s bid program and the stability of exchange rates from the result of these bids in addition to high tourist income.
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