Economy and Stock Exchange

The Gulf financial markets fell on Sunday, and “Saudi Arabia” announced the Eid al-Adha holiday

The Gulf stock exchanges declined, during the trading session today, Sunday, the beginning of the week’s sessions, led by the general index of the Saudi stock market “TASI”, by 4.44%, losing 525.24 points, to close at the level of 11299.18 points, followed by the general index of the Qatar Stock Exchange, by 3.52%, losing 442.20 points, to close At the level of 12119.85 points, followed by the general market index on the Kuwait Stock Exchange, by 3.18%, losing 235.91 points, to close at 7,177.92 points.

The Saudi Stock Exchange has set the Eid Al-Adha holiday from Wednesday, July 6, and trading will resume on Wednesday, July 13.

Saudi Stock Exchange

The general index of the Saudi stock market “TASI”, at the close of trading today, Sunday, decreased by 4.44%, losing 525.24 points, to close at the level of 11,299.18 points, and the parallel market index – growth by 3.55%, losing 763.77 points, to close at the level of 20740.41 points, and the trading volume was 178.9 Million shares worth 6.3 billion riyals.

21 sectors in the Saudi stock market fell, led by media and entertainment by 6.39%, followed by the banking sector by 5.45%, followed by the long-term goods sector by 5.34%, then the investment and finance sector by 4.88%, then the consumer services sector by 4.67%, then the production sector Food by 4.41%.

11 shares jumped during today’s trading session, led by “Jaco” share by 8.40%, then “Supply” share by 11.88%, then “Paper Industry” share by 1.62%, and 195 shares decreased, led by “Wafra” share by 10%, then The share of “Anaam Holding” by 9.98%, then the share of “Ata'” by 2%, while the share of “Al-Rajhi” topped the list of the most active by value, amounting to 650.5 million Saudi riyals.

Qatar Stock Exchange

The general index of the Qatar Stock Exchange fell, at the close of trading today, Sunday, by 3.52%, losing 442.20 points, to close at 12119.85 points, and the trading volume amounted to 234.6 million shares, with a value of 690.3 million riyals, through the implementation of 13.1 thousand transactions, 47 shares declined, two shares rose, and one share stabilized. .

Seven sectors on the Qatar Stock Exchange decreased, led by industries by 5%, followed by the real estate sector by 3.05%, followed by the banking and financial services sector by 2.93%, then the transport, goods and consumer services sectors by 2.82%, 2.45%, respectively, then the communications sector by 1.93 %, and finally the insurance sector with 1.38%.

Bahrain Stock Exchange

The general index of the Bahrain Stock Exchange fell, at the close of trading today, Sunday, by 1.05%, losing 19.50 points, to close at the level of 1832.15 points, and the trading volume reached 1.7 million shares, with a value of 323.6 thousand Bahraini dinars. FH Financial, Ithmaar Holding Company, Al Salam Bank, Ahli United Bank by 4.68%, 4%, 3.41%, and 2.12%, respectively.

The basic materials sector also declined, with a decrease of 45.94%, due to the pressure of a drop in the aluminum Bahrain company’s share by 0.83%, then the telecommunications sector by 9.25%, under the pressure of a drop in the share of Bahrain Telecommunications Company-Batelco by 0.4%, while the shares of the National Bank of Bahrain and Bank of Bahrain and Kuwait rose. by 0.32% and 0.21%, respectively.

Kuwait Stock Exchange

The Kuwait Stock Exchange indices declined during Sunday’s trading, as the general market index fell by 3.18%, losing 235.91 points, to close at the level of 7,177.92 points, and the first market index decreased by 3.33%, losing 273.64 points, to close at the level of 7,944.40 points, and the main market index decreased by 2.66 % losing 153.02 points to close at 5608.88 points, and the main index 50 fell by 3.88%, losing 233.21 points to close at 5770.75 points.

The trading volume at the close of transactions reached about 210.8 million shares, with a value of 56.5 million Kuwaiti dinars, through the implementation of 14.5 thousand deals, and 10 sectors in the Kuwait Stock Exchange fell, led by the financial services by 5.57%, followed by the industry sector by 4.77%, followed by the real estate sector by 4.32%, then the materials sectors basic and consumer goods by 3.88%, 3.05%, respectively, then the consumer services, utilities, and banks sectors by 2.91%, 2.9%, 2.73%, respectively, then the telecommunications sector by 1.87%, and finally the insurance sector by 0.95%, while The energy sector alone rose 0.51%.

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