UAE markets closed on a positive note as Dubai and Abu Dhabi were up by 0.7% and 0.4%, respectively for the day. The positive sentiments throughout the week  helped both of the indexes in recording gains of 2.5% in Dubai and 0.8% in Abu Dhabi, which can be attributed to the trend seen in global equities. For the day, Dubai extended its gains for the third straight session led by transportation, consumer staples and real estate sector stocks. Abu Dhabi’s index extended its gains for the second straight session led by the real estate and energy sector stocks.

Regional Markets: The trading activity in the MENA markets ended on a negative note, as four out of the six indexes closed in red, while one closed in green and one remained unchanged for the day. For the day, Saudi Arabia closed in red as it was down by 0.3%, which was dragged lower by broad based selling pressure. However, the index ended the week on a positive note with gains of 0.6%. For the day, Egypt and Bahrain reported losses of 0.4% and 0.1%, respectively, while Kuwait was up by 0.5% and Oman remained unchanged for the day.

International Markets: US markets ended the last trading session of the week on a negative note, weighed by losses in the technology sector stocks. European markets ended on a mixed note with London down by 0.3%, while France was up by 0.3% for the day. Asian markets ended in green with Japan, Hong Kong and China up by 2.6%, 4.2% and 3.6%, respectively.

Indexes

 

Last

DoD (%)

WTD (%)

MTD (%)

YTD (%)

Dubai (DFMGI)

2,805.22

0.7%

2.5%

0.7%

-16.8%

 

Abu Dhabi (ADSMI)

4,920.67

0.4%

0.8%

0.4%

11.9%

Saudi (SASEIDX)

7,879.37

-0.3%

0.6%

-0.3%

9.0%

Kuwait (KWSE)

4,718.04

0.5%

0.4%

0.5%

-2.5%

Egypt (EGX30)

13,202.32

-0.4%

1.4%

-0.4%

-12.1%

 

Bahrain (BHSEIDX)

1,313.23

-0.1%

-0.2%

-0.1%

-1.4%

Oman (MSM30)

4,424.71

0.0%

-0.6%

0.0%

-13.2%

 

Commodities

 

Value

DoD (%)

WTD (%)

MTD (%)

YTD (%)

Gold (s/OZ)

1232.48

0.0%

-0.1%

1.5%

-5.4%

Silver ($/Oz)

14.71

-0.2%

0.7%

3.5%

-13.2%

 

WTI ($/bbl)

▼       

63.14

-0.9%

-6.6%

-3.3%

4.5%

Natural Gas

3.28

0.1%

3.1%

2.2%

14.5%

OPEC Oil ($/bl)

72.83

-0.1%

-6.2%

-3.5%

8.9%

Copper ($/MT)

6002.33

0.0%

-2.3%

-0.5%

-17.4%

Aluminium ($/MT)

1958.65

0.0%

-1.9%

-0.2%

-13.6%

 

FX Rates                            

 

Value

DoD (%)

YTD (%)

USD/AED

3.673

0.0%

0.0%

USD/SAR

3.751

0.0%

0.0%

USD/EGP

17.86

0.0%

1.0%

USD/EUR

0.878

0.2%

5.5%

USD/JPY

113.18

0.4%

0.5%

 

Source: Matrix PR