The rise of 6 Arab stock exchanges in trade last week

The Kingdom of Saudi Arabia rose 6 stock exchanges last week, with optimistic investors as the marathon annual results of listed companies, while the Muscat markets, Egypt and Jordan have suffered intense sales pressures. Soldier, Director of the Department of (MENAFN – Qatar Tribune) The Qatar National Bank (QNB), the largest bank in Qatar, announced Wednesday that six Arab stock exchanges had increased last week, especially after several companies announced growth healthy profits. The Commercial Bank of Dubai of the Bank of Dubai increased its profits by 7% over the previous year to reach 7.1 billion riyals ($ 1.9 billion). The profits of the Commercial Bank of Dubai rose 68.7% over the previous year. $ 152.7 million), in the first half of this year.

The soldier, in a telephone conversation with "Anatolia": With the continuation of the Allen Marathon Stronger results for companies, combined with the decline in world oil prices, we expect regional markets to continue their strong movements in the coming period.

The Kuwait Stock Exchange was the most successful with a general index of 5213 points.

The Saudi Arabian Stock Exchange, the largest in the Arab world, rose by 2.26% to 8,362 points, in a context of semi-cumulated growth of sectorial indices.

In the United Arab Emirates, the index rose by 1.15% to 5.475 points. The Abu Dhabi stock market climbed 1.82% to 4,687 points while Sue surged (6.19%) and Aldar Properties by 1.96%

The Dubai index has rose by 0.13% to reach 2 284 points, with the banking sector gaining 0.41%, telecommunications 1.81% and raw materials 1.86%. The Bahrain Stock Exchange has reached its weekly high since March, its fifth consecutive gain, after gaining its overall index of 0.88% to 1.342 points, thanks to gains in the banking and investment sector respectively 1 , 37% and 0.95%.

Qatar Stock Exchange for the third consecutive week, increasing its index by 0.63 percent to 9318 In contrast, the Muscat stock market fell 1.83% to 4440 points, the sector index 2.58% and financial level of 2.37%. The EGX30 index, which measures the performance of the 30 most active companies, fell by 1.52% to 15879 points, while the SME index fell by 3.1% to 775.1 points . The Jordan Stock Exchange (JSE) fell by 0.96% to 2,037 points, (19659003) Here are the performances of Arab stock exchanges, with an increase in the following markets:

Kuwait: 2.47% at 5344 points.

Saudi Arabia: from 2.26% to 8362 points.

Abu Dhabi: from 1.82% to 4687 points.

Bahrain: from 0.88% to 1,342 points.

Qatar: from 0.63% to 9318 points.

Dubai: from 0.13% to 2884 points.

As the markets fell:

Muscat: from 1.83% to 4,440 points.

Egypt: 1.52% to 15,879 points.

Jordan: 0.96% to 2037 points.