Qatar Stock Exchange Raises Gains … and Backs to Dubai, Egypt and Jordan



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The Qatar Stock Exchange rose 1.02% to 10,356 points, after property gains of 1.48% supported by the rise in shares of "Mazaya Qatar".

The Kuwait Stock Exchange rose 0.49% to 5293 points, the main index 0.07% to 4736 points, while the overall index lost 0.35% to 5095 points.

The Bahrain Stock Exchange rose 0.47% to 1,326 points, continuing its third consecutive session, driven by a 2.08% rise in investment shares. The Saudi stock market also advanced, its benchmark having "increased" by 0.22% to 7,528 points, supported by bank shares.

In the United Arab Emirates, the Abu Dhabi index rose 0.5% to 4,491 points, Abu Dhabi First, Abu Dhabi Commercial Bank and Etisalat, while the Dubai Stock Exchange fell 0, 44% to 2,727 points, the real estate titles being emaar Arabtec and Al Ittihad.

The Egyptian Stock Exchange, whose main index, EGX30, which measures the performance of the 30 most active companies, lost 1.81% to 1,304.47 points, under pressure from Arab and foreign institutions.

The Muscat stock market also fell by 0.73% to 4 393 points, mainly due to the decline in shares of the industry and services sector, led by the "Omani fish" of 5.4% and the "national gas" of 4.4%. The Jordan Stock Exchange also lost 0.28% to 1930 points, under pressure from Iqbal Investment, which lost 0.42% and "Goptrol" 0.41%.

Stock market performance has occurred despite oil prices recovering earlier this week, but lack of incentives has hurt investor sentiment, said Marwan Shrushabi, asset management director at Fajr. ", financial management consulting at" Anatolia ": The performance of the majority of shares is poor despite oil gains. "

At 1414 GMT, the Brent benchmark for January shipments rose 2.3% to $ 60.15. The US crude futures price for NYMEX delivery in January increased 1.79%, or 90 cents, to $ 51.32.

"The performance of tomorrow's trading could continue to be similar, especially if stimulus measures remain absent, as well as the continued sluggishness of the global economic landscape," said Sharshabi.

(Anatolia, the new Arabic)

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