26/11/2018 07:41 AST

Saudi Arabia’s Tadawul index closed more than 1 per cent lower on Sunday due to an 8 per cent fall in oil prices.

The Tadawul index closed 1.25 per cent lower at 7,512.57. The energy index closed 1.96 per cent lower at 4,723.21. The market breadth was negative with declines seen in 147 shares. Alinma Bank closed 0.77 per cent lower at 20.66 Saudi riyals, while Saudi Basic Industries Corp. closed 1.70 per cent lower at 115.40 riyals. Saudi Kayan Petrochemical Co. closed 3 per cent lower at 13.28 riyals.

Al Hassan Ghazi Ibrahim Shaker Co. closed 0.34 per cent lower at 8.77 riyals. “The trend still remains strong in Shaker and a break over shall push its way up towards the next target at 9.90 riyals in the short term. Traders may look to book partial profits and balance hold with stop loss trailed higher to the breakeven,” Shiv Prakash, senior analyst with First Abu Dhabi Bank Securities, said in a note.

Dull trends

Dullness persisted in the UAE markets even as sellers toned down their aggressive momentum. The Dubai Financial Market general index closed 0.56 per cent lower at 2,739.38. Emaar Properties recovered from its intra-day low of Dh4.61 on renewed buying interest, before closing 0.63 per cent higher at Dh4.80.

Traded value stood at Dh76 million.

Traders have been resorting to buying in banks. Traders are waiting for a positive news as the Dubai index reached 2,590, a level that triggered aggressive buying in Jan 21, 2016. Emirates NBD, Abu Dhabi Islamic Bank, First Abu Dhabi Bank Union National Bank and Abu Dhabi Commercial Bank have been surging with decent volumes. “ADCB may head towards the next higher targets at Dh8.55/8.75 in the short term,” Prakash said.

The Abu Dhabi Securities Exchange general index closed 0.77 per cent lower at 4,946.48. Elsewhere in the Gulf, the Muscat MSM 30 index closed 0.63 per cent lower at 4,425.45. The Qatar exchange index closed 0.74 per cent lower at 10,251.62.


Gulf News

Ticker Price Volume
QNBK 198.00 230,244
APPC 54.80 134,767
CATERING 86.70 124,180
MAADEN 56.00 507,789
SORAYAI 13.78 1,581,986
PETROCHEM 26.20 78,537
SPIMACO 29.25 45,366

TASI 8,448.02 41.55 (0.49%)

Market
P/E
Price/BookValue
Dividend Yield (%)
Performance
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Index vs...
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg
Ticker Price Change
SABIC 122.60 0.00 (0.00%)
STC 99.50 1.30 (1.32%)
RJHI 100.00 0.00 (0.00%)
NCB 52.00 0.40 (0.77%)
SAMBA 36.80 0.80 (2.22%)
Oman's share index ends higher marginally

27/12/2018

The MSM30 index ended higher by 0.31 per cent to close at 4,326.15 points. MSM Sharia Index closed at 587.74 points, up by 0.05 per cent. National Finance was the most active in terms of volume and i

Times of Oman

Oman's share index ends higher marginally

27/12/2018

The MSM30 index ended higher by 0.31 per cent to close at 4,326.15 points. MSM Sharia Index closed at 587.74 points, up by 0.05 per cent. National Finance was the most active in terms of volume and i

Times of Oman

Dubai’s penny stocks see mild traction

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Small stocks, those whose prices are below Dh1, witnessed buying in the last hour of trade in Dubai, led by a Gulf Finance House (GFH) recovery after traders saw positive movement in US futures.

Gulf News

Oman's share index ends marginally higher

25/12/2018

The MSM30 index ended marginally higher by 0.22 per cent to close at 4,345.88 points. MSM Sharia Index closed at 591.80 points, down by 0.29 per cent. Bank Muscat was the most active in terms of volu

Times of Oman

UAE banks shares hold up even as real estate take a dive

25/12/2018

Banking stocks listed on the UAE bourses have been untouched by the recent sell-off that adversely impacted real estate shares. They are still holding up because of expectations that further Fed rate

Gulf News