BUSINESS

Saudi Index closes higher at 7292,62 points

June 28, 2020

RIYADH — The main Saudi Stock Exchange Index closed higher here Sunday, gaining 60.28 points, to end the trading at 7292,62 points, and the value was over SR4.1 billion.

The number of stocks traded was more than 217 million, shared among as many as 221,000 deals. While 134 companies' shares were among the gainers, however, another 46 companies lost, as their shares values plummeted.

On the other hand, the Index of the Saudi Parallel Market (Nomu) closed also higher, gaining 301,42 points up to 8225,29 points, with a total value over SR27 million, meanwhile Nomu traded shares were more than 420,000, divided into 1985 deals.

The leading traded share, in terms of quantity, was of Dar Al-Arkan, but value-wise Al-Rajhi ranked ahead.

Meanwhile, other Gulf bourses ended the day mixed with the Kuwait benchmark up. Bourse Kuwait closed Sunday’s session with the benchmark (All Share Market Index) rising by 2.7 points and settling at 5,170.45 points, by 0.05 percent.

Volume of exchanged stocks under the benchmark amounted to 155.27 million shares, through 6,570 spot transactions, valued at KD21.15 million ($78.25 million).

Main Market Index dropped by 8.7 points to settle at 4,210.57 points, by 0.21 percent, through a stock volume of 111.41 million shares. done in 3,881 days valued at KD5.3 million ($19.61 million)

Meanwhile the premier Market Index dropped by 0.2 points to settle at 5,656.43 points, by 43.8 percent, in stock volumes of 43.8 million shares through dealings amounting to 2,689 valued at KD15.7 million ($58.09 million).

Bourse Kuwait Main Market 50 (BKM50) also moved up by 8.8 points,by o,21 percent through stock volume of 72,8 million shares done in 2,496 spot deals and valued at KD3.7 million ($13.6 million).

Positivity continued to be felt on Sunday in UAE’s two main bourses, earning the trading companies around AED1.7 bn in market cap, driven by the top bank stocks.

In the capital, the main index closed 0.44 percent higher than the last trading session at 4,304 points, while Dubai Financial Market steadied at 2,085 points.

In more detail, FAB maintained its positive performance and climbed to AED11.20, while ADNOC Distribution continued its upward streak and ended high at AED3.03. In the DFM, Air Arabia PJSC rose to AED1.24, Dubai Islamic Bank to AED3.89 , and du to AED5.06.

In terms of liquidity, a total of 2,866 deals were conducted over 217 million shares worth AED210 million.

The Bahrain bourse fell with the Bahrain All Share Index closing at 1,277.20 points marking a decrease of 2.18 points below the previous closing, Bahrain News Agency (BNA) reported.

This decrease was due to the fall in the Commercial Banks Sector and Investment Sector. Bahrain lslamic Index has closed at 596.21 points marking a decrease of 0.28 points below the previous closing.

Results indicated that 66 equity transactions took place with a volume of 2,924,674 worth BD532,283. Investors traded mainly in the Investment Sector representing %41.14 of the total value of securities traded.

And the Muscat market too fell, with the Muscat Securities Market (MSM) general index (30) Sunday losing (1.3) point, comprising a decline by (0.04%) to close at (3524,47) points, compared to the last session, which stood at (3525,77) points.

The trading value Sunday stood at (RO896,812), comprising a fall by (30.7%), compared to the last session, which stood at (RO1,294,630), Oman News Agency (ONA) reported. The report released by MSM pointed out that the market value dropped by (0.011%) to reach about (RO18.43) billion.

The report added that the value of shares bought by non-Omani investors reached (RO112,000), comprising (12.49%). The value of shares sold by non-Omani investors reached (RO106,000), comprising (11.80%). The net non-Omani investment rose by (0.69%) to (RO6,000). — SPA


June 28, 2020
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