The Saudi market fell at the largest daily pace since late last November, with selling pressures on the leading shares, at a time when bank shares pressured the Qatari market, which closed down as well.
Kuwaiti indices declined collectively with poor liquidity, while the Egyptian indices ended trading with a collective decline
The Saudi market ends the longest series of daily gains in 5 months
The Saudi market declined for the third time in 2022, ending 10 sessions of consecutive ascent, stopping the train of the longest series of daily gains in 5 months, amid selling pressures in global markets ahead of an important meeting of the Federal Reserve in the first meetings of 2022.
The main index of the market closed down by 1.23%, but it is still above an important barrier at 12 thousand points.
The shares of Saudi Almarai fell near the bottom of about a year, with the company’s profits declining in the last quarter of this year, on the back of seasonal factors, provisions for credit losses.
Qatar Stock Exchange falls for the second session with the decline in the region’s markets
The Qatar Stock Exchange fell for the second consecutive session in conjunction with a wave of decline in the region’s markets that came in the wake of the decline in global stocks, pending an important meeting of the Federal Reserve later this week.
The main index of the Qatar Stock Exchange closed down by 0.19% at the level of 12,480 points, near the peak of the index since 2015.
The leading shares in the real estate sector and the bank pressured the market’s performance at the beginning of the week’s trading.
A collective drop in the Kuwaiti indices, with weak liquidity
Kuwaiti indices collectively declined for the fourth consecutive session, to record the longest streak of daily losses since last November.
The main index of the market closed down by 0.16% around the levels of 8000 points, near a historical peak since the launch of the index.
Liquidity levels in the market recorded the second lowest level in 2022, reaching about 27.7 million dinars, in a session that the foreign investor was absent.
The Egyptian Stock Exchange is declining with selling tendencies for individuals
The Egyptian indices ended the first sessions of the week on collective declines, with pressures on the leading stocks and the shares of the consumer sector, which are expected to be negatively affected by the rise in inflation rates.
The main index of the Egyptian Stock Exchange fell by 0.64% around the levels of 11655.7 points, without an important psychological barrier at 12 thousand points for the sixth session in a row.
The share of the Commercial International Bank, which has the largest relative weight on the market index, rose by about 0.76%, to limit the losses that the market suffered in the first sessions of the week.