Hanan Ramses, an expert in financial markets, said that the financial markets are the first to be affected by any positive or negative events, as they are always a step ahead, and this is what happened following the war in Russia and Ukraine.
She added, that negative events usually have a deeper impact and when they relate to wars or news of the possibility of wars and confrontations Capital fleeingThe uncertainty of events pushes investors to abandon their shares and try to keep cash or go to safe havens to preserve their investments.
And the financial markets expert continued, the Arab markets were indeed affected in a week by the war that broke out between Russia and Ukraine, but any news of an agreement on a truce to bring the views closer will have an impact on the recovery of the markets.
Hanan Ramses, an expert in financial markets, reviewed performance of Arab markets In a week, the performance of its indicators, which is between interaction with the rise in oil and gas prices, and fears of world instability and fears of a worsening situation.
Kuwait Stock Exchange
The First Market Index recorded at the end of February an increase of 3.84% at the level of 8320.27 points, a gain of 307.40 points, compared to closing last January at the level of 8012.87 points.
as The main indicator rose In February, regarding 4.01% at the level of 6291.02 points compared to the previous closing of January at 6048.31 points, with monthly gains that approached 243 points.
“My Main 50” achieved the highest monthly rise of 4.13%, as it ended February’s trading at 6596.43 points, gaining 261.53 points, compared to closing last January at 6334.90 points.
In sum, the general index of the Kuwait Stock Exchange increased during the month by 3.91% at the level of 7,637.55 points, compared to closing last January at 7,350.37 points, a gain of 287.18 points.
The pace of trading in the Kuwait Stock Exchange increased during the month of February, during 18 sessions, compared to 22 sessions last January, with continued momentum on the operational and leading shares, especially banks and telecommunications.
Liquidity in the Kuwait Stock Exchange increased in February, slightly by 0.72%; It reached 1.299 billion dinars, compared to 1.289 billion dinars last January.
On the other hand, monthly trading volumes decreased by 15.3%; To reach 5.186 billion shares, compared to 6.124 billion shares in the previous January.
The total number of transactions on the stock exchange in February was regarding 253,862 thousand deals, compared to 230,024 deals last January, an increase of 10.4%.
UAE financial markets
The Dubai Financial Market recorded losses during the week of regarding 1.87 billion dirhams, while the Abu Dhabi Stock Exchange recorded gains of regarding 3 billion dirhams.
With the closing of this week’s trading, it fell Dubai market index The financials rose by 0.45%, to the level of 3312 points, compared to regarding 3327 points the previous week.
The real estate sector declined by 2.64%, coinciding with the decline of Emaar Properties by 2.75%, Emaar Development by 2.95%, and Deyaar Development by 1.26%.
While the banking sector rose by 0.51%, Dubai Islamic Bank by 2.38%, and Ajman Bank by 0.86%, while the shares of Commercial Bank of Dubai fell by 2.77%, and the Emirates National Dubai by 0.71%.
The market value of Dubai shares recorded 416.36 billion dirhams at the end of the week, compared to regarding 418.23 billion dirhams the previous week, with losses amounting to 1.87 billion dirhams.
And the Abu Dhabi Stock Exchange declined by 0.34%, to record 9123 points for the first time in its history, compared to regarding 9155 points the previous week.
This came amid a decline in the shares of First Abu Dhabi Bank by 2.77%, Aldar Properties 1.89%, Farglobe 3.95%, Multiplay Group 2.5%, Dana Gas 0.93%, Ras Al Khaimah Real Estate 2.74%, Agthia Group 3.61%, and Waha Capital 1.84%.
The market value of Abu Dhabi shares reached 1.677 trillion dirhams at the end of the week, compared to a value of 1.680 trillion dirhams the previous week, with weekly losses of regarding 3 billion dirhams.
Saudi Stock Exchange
The general index of the market “TASI” fell by 1.43%, during the week ending on February 24, with losses amounting to 178.92 points, bringing it down to the level of 12,297.62 points.
On the other hand, the market recorded market gains of regarding 647.74 billion riyals during the week, bringing the market value of the shares listed in “Tadawul” to 11.356 trillion riyals, compared to 10.708 trillion riyals, at the end of the previous week.
Immersion Aramco Saudi Arabia Weekly gains amounted to 9.54%, to reach the level of 41.35 riyals, bringing the market value of “Aramco” to 8.27 trillion riyals, representing regarding 72.8% of the total market value of the market.
The red color dominated the performance, in a semi-collective decline that included all sectors, with the exception of the energy sector, which bucked the trend, rising 7.73%, supported by the gains of the Saudi Aramco share.
The long-term commodities sector led the losses, following falling 7.42%, the telecommunications sector fell 3.56%, the banking sector fell 2.05%, and the basic materials sector losses amounted to 1.63%.
The trading movement witnessed a noticeable increase during the week at all levels, compared to the previous week.
The average trading value rose to 11.7 billion riyals per session, compared to regarding 8.86 billion last week, following the total values rose to 46.8 billion riyals (in 4 sessions), compared to 44.28 billion riyals during 5 sessions last week.
Average quantities rose to regarding 289 million shares, compared to 213.4 million shares last week, with a total volume of 1.16 billion shares (in 4 sessions) due to the founding day holiday, compared to 1.07 billion shares that were traded last week in 5 sessions.
