UAE markets ended on a mixed note as Dubai was marginally down by 0.1%, while Abu Dhabi closed higher by 0.3% for the day. Abu Dhabi extended its gains for the fourth straight session, which was supported by real estate, telecommunications, and banking sector stocks during the session. The weekly performance remained positive for both the indexes as Dubai and Abu Dhabi were up by 0.7% and 2.2% respectively on the back of positive sentiments seen in global markets.

Regional Markets: The trading activity in the MENA markets ended on a positive note as four out of the six indexes closed in green, while the remaining two ended in red for the day. Saudi Arabia closed on a negative note as the index was down by 0.6% for the day. Kuwait closed higher by 0.6% for the day, which helped in extending the weekly gains to 0.7%. Bahrain was down by 0.2% for the day to end the week on a flat note.

International Markets: US markets closed in red, which was also the trend seen in European markets with London and France closing down by 0.5% each for the day. Asian markets also ended in red with Japan, Hong Kong and China down by 1.1%, 2.4% and 1.4% respectively.

Indexes

 

Last

DoD (%)

WTD (%)

MTD (%)

YTD (%)

Dubai (DFMGI)


 

2,825.86

 

-0.1%

0.7%

1.5%

-16.1%

Abu Dhabi (ADSMI)

5,028.75

0.3%

2.2%

2.6%

14.3%

Saudi (SASEIDX)

7,743.39

-0.6%

-1.7%

-2.1%

7.2%

Kuwait (KWSE)

4,749.08

0.6%

0.7%

1.2%

-1.9%

Egypt (EGX30)

13,732.68

0.9%

4.0%

3.6%

-8.6%

Bahrain (BHSEIDX)

1,313.21

-0.2%

-0.0%

-0.1%

-1.4%

Oman (MSM30)

4,491.34

1.0%

1.5%

1.5%

-12.0%

 

Commodities

 

Value

DoD (%)

WTD (%)

MTD (%)

YTD (%)

Gold (s/OZ)

1209.21

-1.2%

-1.9%

-0.4%

-7.2%

Silver ($/Oz)

14.16

-1.8%

-3.8%

-0.5%

-16.5%

WTI ($/bbl)

60.19

-0.8%

-4.7%

-7.8%

-0.4%

Natural Gas

3.72

5.1%

13.2%

15.7%

29.7%

OPEC Oil ($/bl)

70.18

-0.7%

-3.6%

-7.0%

4.9%

Copper ($/MT)

6148

-0.8%

-1.1%

2.0%

-15.4%

Aluminium ($/MT)

1983

0.5%

-0.4%

1.0%

-12.5%

 

FX Rates                            

 

Value

DoD (%)

YTD (%)

USD/AED

3.673

0.0%

0.0%

USD/SAR

3.751

0.0%

0.0%

USD/EGP

17.79

-0.4%

0.6%

USD/EUR

0.882

0.2%

5.6%

USD/JPY

113.82

-0.2%

0.7%

 

Source: Matrix PR