Kuwaiti equities ended Thursday’s session in a booming state, on the back of gains in pivotal stocks. The market reached its highest level since May 15, 2010. The advance was broad-based with six out of the eight sectors inching higher.
Global Bahraini Index ended the last trading session of the week with a negative performance of 0.19 percent to close at 115.23 points, Bahrain All Share Index decreased by 0.21 percent to reach 1,420.14 points. Bahrain Islamic Bank was the top decliner for the day shedding 8.18 percent to close at BD0.15. Two sectors went down today with the Investment Index being the top decliner for today falling 0.31 percent.
Despite the loses that recorded by the market heavy weight, Ezdan Real Estate Company, Global Qatari General Index managed to end today’s session with a marginal increase of 0.03 percent at 571.09 points. Also QE Index ended today’s session up by 0.76 percent on the back of the good performance witnessed by Industries Qatar and the banking stocks.
UAE stock markets ended on a positive note today where Dubai Financial Market (DFM) being the top gainer for the day ending the day up 0.76 percent and closed at 1,497.78 points. The Transportation Sector and the Financial & Investment Sector both contributed to the market’s advance by posting gains of 1.62 percent and 1.17 percent, respectively, making them the biggest gainers in the market. Furthermore, the Abu Dhabi Securities Exchange (ADX) also ended the day up by 0.12 percent to close at 2,494.52 points. The Consumer Sector was the top gainer, up 0.89 percent, and therefore contributing to the market’s gain. The Health Care Sector came in second place with a 0.50 percent advance.
Muscat 30 Index ended today’s session flat at 6,259.95 points (+0.005 percent). The sectors performance was mixed as two sectors ended up and one sector retreated. Muscat Gas share price continued to edge higher adding 5.05 percent to its value and topped the gainers list for today.
Heavy weight Mobinil was the major player in the EGX 30 components today adding 2.40 percent to its value leading the index to gain 0.51 percent. Also, Orascom Telecom Holding rose by 0.93 percent. On the other hand, EGX 70 Index marginally shed 0.02 percent. Foreigners were net buyers today.
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