Gulf stock exchanges continue to rise with continued recovery after selling

Yesterday, the Gulf stock exchanges closed higher, with the region continuing to recover from recent selling, although the markets were wary of inflation and slowing global economic growth, while the Egyptian market rose thanks to the rise in the shares of the Commercial International Bank.
According to “Archyde.com”, the main index in Dubai rose 0.5 percent, led by a jump of 6.9 percent in the Emirates Telecommunications Company.
Deyaar Development shares rose 0.85 percent, Emaar Properties 0.56 percent, Emaar Development 0.47 percent, Emirates NBD 1.22 percent, Al Salam Bank 6.88 percent, and Tabreed 1.42 percent. cent.
In Abu Dhabi, the main index rose 0.1 percent, supported by the rise in the shares of First Abu Dhabi Bank. “ADNOC Drilling” increased 2.08 percent, “Aldar Properties” 0.44 percent, “Dana Gas” 0.99 percent, and “Etisalat” 2.04 percent.
The Qatari index, which started trading at 12:40 local time due to a technical glitch, rose 0.3 percent, driven by an increase of 2.5 percent in Qatar Islamic Bank shares.
The Muscat index rose 0.93 percent to 4,240 points. The Kuwait index rose 0.5 percent to 8,287 points. The Bahrain index settled at 1,833 points.
In Cairo, the main index of the Egyptian Stock Exchange jumped 1.9 percent thanks to an increase of 2.5 percent in the shares of Commercial International Bank.
And the market capitalization gained 8.62 billion pounds during yesterday’s session, to close at 611.59 billion pounds, compared to 602.97 billion pounds at the end of trading yesterday.
Egyptian investors’ transactions in stocks tended to buy, recording a net amount of regarding 459.94 million pounds, while Arabs’ dealings tended to sell, recording a net amount of 21.21 million pounds, and foreigners’ transactions tended to sell in shares, recording a net amount of 438.72 million pounds.

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