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Category: Finance World

The trading activity in the UAE markets ended on a negative note, as both Dubai and Abu Dhabi closed lower by 0.4% and 0.5%, respectively for the day. Investors are awaiting earnings announcement from leading corporates to gauge the economic environment and accordingly position themselves in both the indexes. On a YTD basis, Dubai stands as the worst performing index in the region with losses of 19.4%, while Abu Dhabi is the second-best performing index with gains of 10.8%.

Regional Markets: The trading activity in the MENA markets ended on a positive note, as three out of the six indexes closed in green, while two closed in red and one remained unchanged for the day. Saudi Arabia closed higher by 0.6% for the day, buoyed by broad based buying activity on the back of stronger corporate results. Egypt closed on a positive note as the index was up by 0.7% for the day, recovering the losses incurred in the previous session. Bahrain and Oman ended lower by 0.3% and 0.6% respectively, while Kuwait remained unchanged for the day.

International Markets: US markets continued the downward trend as the possibility of more

US-China tariffs coupled with losses in the technology sector stocks dented investor sentiments.

European markets ended in green with London and France up by 1.3% and 0.4%, respectively.

At the time of writing this report, Asian markets opened on a mixed note as Hong Kong was down by

0.8%, while Japan was up by 0.7% and China unchanged during the session.

Indexes

 

Last

DoD (%)

WTD (%)

MTD (%)

YTD (%)

Dubai (DFMGI)

2,714.83

-0.4%

-0.8%

-4.2%

-19.4%

Abu Dhabi (ADSMI)

4,871.58

-0.5%

-0.2%

-1.3%

10.8%

Saudi (SASEIDX)

7,847.51

0.6%

0.2%

-1.9%

8.6%

Kuwait (KWSE)

4,697.88

-0.0%

0.0%

-0.8%

-2.9%

Egypt (EGX30)

13,074.47

0.7% 

0.4%

-10.5%

-12.9%

Bahrain (BHSEIDX)

1,315.04

-0.3%

-0.0%

-1.8%

-1.3%

Oman (MSM30)

4,428.80

-0.6%

-0.5%

-2.5%

-13.1%

 

Commodities

 

Value

DoD (%)

WTD (%)

MTD (%)

YTD (%)

Gold (s/OZ)

1229.35

-0.3%

-0.3%

3.2%

-5.6%

Silver ($/Oz)

14.45

-1.1%

-1.1%

-1.0%

-14.7%

WTI ($/bbl)

▼       

67.04

0.8%

--0.8%

-8.5%

11.0%

Natural Gas

3.15

-1.2%

-1.2%

4.6%

9.8%

OPEC Oil ($/bl)

77.34

-0.4%

-0.4%

-6.5%

15.7%

Copper ($/MT)

6142.52

0.0%

0.0%

-1.0%

-15.4%

Aluminium ($/MT)

1985.84

-0.5%

-0.5%

-2.1%

-12.4%

 

FX Rates                            

 

Value

DoD (%)

YTD (%)

USD/AED

3.673

0.0%

0.0%

USD/SAR

3.751

0.0%

0.0%

USD/EGP

17.88

0.0%

1.1%

USD/EUR

0.879

0.3%

6.1%

USD/JPY

112.36

0.4%

0.1%

 

Source: Matrix PR