Aramco shares close at 39.15 riyals, supported by high oil prices, and Dar Al-Arkan is at its lowest level since the beginning of August 2022
The strength of the dollar is pressuring the Egyptian indices and cautious trading, with the anticipation of the speech of US Federal President Jerome Powell
– The Dubai market closes on a high for the first time in 4 sessions, with the support of Emaar shares.. andFTSE Abu Dhabi consolidates above 10,000 points
Saudi Market:
The Saudi TASI index ended the session slightly higher, with liquidity exceeding 5.7 billion riyals, and trading volumes exceeding 153 million shares.
Aramco’s share closed at an increase of nearly 2% at levels of 39.15 riyals, supported by the increase in international oil prices.
On the other hand, Dar Al-Arkan’s stock closed down by nearly 7%, recording its lowest level since the beginning of August 2022, under pressure from profit taking, despite the positive results achieved by the company in the first half of 2022.
Egypt Stock Exchange:
The Egyptian indices ended the session on a collective decline under pressure from the strength of the US dollar, amid liquidity that exceeded 1.3 billion pounds, and cautious trading, with anticipation of the speech of US Federal Reserve President Jerome Powell regarding interest rates, and the largest declines were from the share of the seventy index.
While the main 30 closed at levels of 10105.2 points, a slight decrease of 0.3%, and among the most prominent news in the Egyptian Stock Exchange, Beltone Holding Company turned into a loss in the first half of this year, incurring about 106 million pounds.
Dubai Financial Market:
The Dubai market index closed at an increase of 0.9% for the first time in 4 sessions, with the support of Emaar’s share, which jumped more than 3%.
And liquidity in the market recorded positive numbers, with exceeding 456 million dirhams in the Wednesday session.
FTSE Abu Dhabi Index:
The FTSE Abu Dhabi index is declining slightly, but holding above the levels of 10 thousand dirhams by the end of the session, supported by the First Abu Dhabi stock and the liquidity of more than 1.2 billion dirhams.
Qatar Stock Exchange:
Qatar Stock Exchange index closed half a percentage point higher for the first time in 4 sessions with the support of Masraf Al Rayan and Qatar Islamic shares