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UAE stock markets close Thursday down; Tadawul, EGX show mixed performance

UAE stock markets close Thursday down; Tadawul, EGX show mixed performance
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Mubasher: The main index (DFMGI) of Dubai Financial Market (DFM) as well as FADGI, the benchmark index of Abu Dhabi Securities Exchange (ADX), ended Thursday’s session in the red zone.

As for the Saudi Exchange (Tadawul), the main market’s All Share Index (TASI) closed the session lower, while the Parallel Market Capped Index (NomuC) ended it in the green zone.

Similar to Tadawul, the indices of the Egyptian Exchange (EGX) showed a varied performance at the end of Thursday.

UAE Stock Markets

DFMGI fell by 32.53 points (0.79%) to end the session at 4,051.18 points. Meanwhile, a total of 240.13 million shares were traded at a value of AED 368.47 million.

National Central Cooling Company (Tabreed) was the top faller with 5.04%, while Dubai Refreshments headed the risers with 9.24%

Union Properties was the most active stock in terms of the trading volume with 79.40 million shares, while Emaar Properties generated the highest turnover of AED 63.68 million.

Similarly, FADGI went down by 0.434% to close at 9,783.51 points. The trading value reached AED 1.67 billion after 479.13 million shares were traded, while the market cap value stood at AED 2.82 trillion.

Abu Dhabi National Company for Building Materials (Bildco) led the fallers with 9.95%, while Ras Al Khaimah Company for White Cement and Construction Materials (RAK White Cement) advanced the risers with 14.29%.

Q Holding dominated the trading volume and value with 101.56 million shares and AED 302.62 million, respectively.

Saudi Arabian Stock Market

TASI ended Thursday at 11,375.78 points, after dropping 102.50 points (0.89%). The turnover amounted to SAR 5.74 billion through the trading of 257.93 million shares.

The utility segment topped the decliners with 2.49%, while the consumer services sector led the gainers with 2.11%.

Al Baha Investment and Development Company led the fallers with 5.56%, while Saudi Steel Pipe Company was the top riser with 9.88%.

Americana Restaurants International recorded the highest trading volume with 72.13 million shares, while the Saudi National Bank (SNB) generated the highest turnover of SAR 438.26 million.

Meanwhile, NomuC closed the session in the green zone after rising by 73.18 points (0.30%) to 24,634.86 points.

Mayar Holding Company advanced the risers with 8.42%, while National Building and Marketing Company topped the fallers with 8.54%.

Egypt’s Stock Market Closes Mixed

The EGX30 main index edged down by 0.02% to 17,451.44 points.

On the other hand, both the small- and mid-cap EGX70 EWI and the EGX100 EWI closed the session higher with 0.58% to 3,525.56 points and 0.49% to 5,196.85 points, respectively.

The turnover totalled EGP 1.72 billion after 717.39 million shares were exchanged, while the market cap value reached EGP 1.18 trillion.

As for trading on securities, the Egyptian and foreign traders were net buyers with EGP 28.49 million and EGP 791,954 in respective order. Meanwhile, the Arab investors were net sellers with EGP 29.29 million.