2024-04-14 13:23:26
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April 14, 2024
17:23 pm
Dubai: “The Gulf”
Gulf markets fell on Sunday, following the unprecedented Iranian attack on Israel, at night, and at the close, the main indices reduced their sharp declines in a session characterized by calm trading following the markets holiday on Eid al-Fitr last week.
The Saudi TASI index closed down 0.3%, with transactions amounting to 6.28 billion riyals, following declining 1.8% in early trading.
While stock markets in the UAE were still closed for an extended holiday since last Saturday, the Qatari index fell, on Sunday, 0.64% to 9,822.37 points, with trades of 295.82 million riyals, following the index fell 1.6% in the morning.
In Bahrain, the index stabilized (-0.004 points) at 2,040.42 points, with transactions worth 160.65 thousand dinars.
Saudi Arabia
In detail, the Saudi market index ended Sunday’s session with a decline of 0.3%, closing at 12,667 points, losing 39 points.
Trading resumed in the Saudi market following the end of the Eid al-Fitr holiday, which lasted for a week. Al Rajhi Bank shares fell by more than 1% to 83.3 riyals.
Al Ahli Saudi shares fell by 3% to 39.85 riyals, and the shares of SABIC, Alinma Bank, Alawwal Bank, Riyad Bank, and Arab National ended their trading with a decline of between 1% and 4%.
Sipchem International shares led declines by 5% at 34.35 riyals. First Mills shares closed at 75.9 riyals, down 1%, following the end of eligibility for cash dividends to shareholders.
GIG shares rose 5% to 39.6 riyals, following announcing cash dividends to shareholders. Atheeb Telecom shares topped the rise by 10% at 110.2 riyals.
Ground services shares rose by more than 5% to 51.5 riyals, supported by positive news following the company announced the extension of a contract with Flynas for two billion riyals.
Kuwait
In Kuwait, the Stock Exchange closed its trading with its general index declining by 0.98%, reaching the level of 7116.98 points, with a trading value of 39.9 million Kuwaiti dinars (regarding 121 million dollars).
The main market index decreased by 0.83% to 5,910.8 points, and the primary market index decreased by 1.01%, to the level of 7,780.41 points.
In the Sultanate of Oman, the Muscat Stock Exchange 30 index closed with an increase of 3.8 points, or 0.08%, to reach the level of 4700.59 points, compared to the last trading session, which reached 4696.81 points.
The value of shares traded amounted to 3.6 million Omani riyals, while the report issued by the Muscat Stock Exchange indicated that the market value had decreased by 0.005% to 24.08 billion riyals.
Jordan and Egypt
Outside the Gulf markets, the Jordanian Stock Exchange closed at an increase of 0.5%, at the level of 2449.25 points, as the quantity of shares traded reached 2.0 million shares, worth 3.6 million Jordanian dinars, as a result of implementing 1988 transactions.
In Cairo, the Egyptian Stock Index closed Sunday’s session up 1.25% at 28,503.75 points. Thus, the index’s gains since the beginning of the year amount to 14.5%.
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