A collective rise in Gulf stocks in the early week session..and Saudi Arabia is violating

2023-05-21 14:05:25

Most of the GCC markets rose in the early week session, Sunday, with the exception of Saudi Arabia, whose general index declined.
The markets are awaiting the outcome of the talks to raise the debt ceiling in America, between the administration of President Joe Biden and the Republicans. Where stubbornness is the master of the situation between the two parties.
In Saudi Arabia, the main Saudi stock index fell 2.58 points, to close at 11341.82 points, with transactions worth 4.7 billion riyals. The volume of traded shares amounted to 167 million shares.
The Saudi parallel stock index (growth) decreased by 44.74 points, to close at 20,787.81 points, with transactions worth 20.4 million riyals. The volume of traded shares amounted to more than 400 thousand shares. In Kuwait, the general index of the Kuwait Stock Exchange rose 0.28% to the level of 6819.46 points. The volume of traded shares amounted to 153 million shares through 8170 cash transactions, at a value of KD 53.7 million.
The main market index decreased by 0.46%, to reach the level of 5420.13 points, through the circulation of 45 million shares, through 2087 cash transactions worth 8.5 million Kuwaiti dinars.
The first market index rose 0.45% to reach the level of 7533.16, through the trading of 107.9 million shares through 6083 transactions, at a value of 45.2 million Kuwaiti dinars.
In parallel, the (main 50) index decreased by 0.38%, to reach the level of 5387.34 points, through the circulation of 41.4 million shares through 1620 cash transactions, at a value of 8.15 million Kuwaiti dinars. In Bahrain, the Bahrain general index rose 4.76 points, to the level of 1,947.81 points. The Bahrain Islamic Index gained 3.93 points, to close at 716.21 points.
The volume of shares traded amounted to 8.942 million shares, with a total value of 1.762 million Bahraini dinars, which were executed through 74 transactions.
In Qatar, the general index of the Qatar Stock Exchange increased by 0.07%, to reach the level of 10651.45 points.
During Sunday’s session, 437.677 million shares were traded, at a value of 716.541 million riyals, as a result of the implementation of 17,464 transactions in all sectors.
In the Sultanate of Oman, the Muscat Stock Exchange index «30» rose 0.37% at the level of 4713.92 points, with a trading value of 1.411 million Omani riyals.
Outside the Gulf region, the Egyptian Stock Exchange indices recorded a collective rise at the close, making the market capitalization of the shares of the listed companies gain about two billion pounds, reaching a level of 1.094 trillion pounds, amid total transactions amounting to 1.3 billion pounds.
The main index of the Egyptian Stock Exchange, “EGX30”, rose 0.69% to reach the level of 16860.88 points, and the index of small and medium stocks “EGX70” increased 1.17%, recording 2996.6 points, and the broader “EGX 100” index added about 1.07% to end trading at the level of 4545.22 points. (agencies)

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