GulfBase Live Support
12/06/2017 01:49 AST
The Tadawul All Share Index (TASI) lost 0.8 percent in low volumes on Sunday weighed down by the petrochemical sector as the Brent oil price stayed near a one-month low. Ethylene maker National Petrochemical lost 3.5 percent to close at its lowest price since November.
Shares of companies that might benefit from index compiler MSCI upgrading Riyadh to emerging market status were relatively resilient; dairy producer Almarai rose 0.9 percent to SR82.90 ($22.10), a fresh all-time high. MSCI will announce on June 20 whether it is putting Saudi Arabia on review for a possible upgrade.
In Abu Dhabi, Dana Gas soared 13.2 percent and was the most heavily traded stock. It has rocketed 46 percent this month on news that it has received a portion of its overdue payments from Egypt and on hopes for its legal efforts to recover money from Iraqi Kurdistan.
A 0.9 percent rise in shares in the second-largest bank in the region by assets after QNB, First Abu Dhabi Bank, also carried the Abu Dhabi index 0.5 percent higher.
In Dubai, builder Drake & Scull rose 1.2 percent; it has risen 5.5 percent since Thursday in unusually large volumes.
The Dubai stock index fell 0.4 percent as 12 shares rose but 18 declined including builder Arabtec, down 1.6 percent.
In Egypt, the index fell 0.5 percent, easing from an all-time high as some investors booked profits. The largest listed lender, Commercial International Bank, lost 1.1 percent.
Arab News
Ticker | Price | Volume |
---|---|---|
SABIC | 114.77 | 5,915,941 |
05/04/2018
Foreign investors bought $1.18 billion in Middle East and North African equities in March, especially Saudi ones amid the kingdom’s upgrade to emerging market status by FTSE Russell, according to a r
The National
05/04/2018
Buying activity in financials lifted the MSM30 Index to 4,794.61 points, up 0.41 per cent. The MSM Sharia Index closed at 676.52 points, down 0.08 per cent. Gulf Investment Services was the most acti
Times of Oman
05/04/2018
Traded value on the Dubai Financial Market tumbled on Wednesday as global stocks declined amid an intensifying US-China trade war. In Abu Dhabi, banking shares surged ahead of first quarter results s
Gulf News
04/04/2018
Driven by financial blue chips, the MSM30 Index continued its recovery to close at 4,775.27 points, a gain of 0.53 per cent. The MSM Sharia Index ended at 677.06 points, down 0.07 per cent. HSBC Bank
Times of Oman
04/04/2018
Emaar Properties shares extended losses for another session on Tuesday, to hit their lowest level in a year, as selling continued on the wider Dubai gauge. Emaar Properties fell to a low of Dh5.58, b
Gulf News