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on September 17, 2022 | Time 10:13
Written by: Maha Ahmed
The broad index rose 0.8% in the Friday session, recording its highest close in 4 months, with liquidity exceeding AED 500 million. The index also jumped around 4% during the week, recording the highest weekly earnings of the last 7 months. In a week waiting for the company’s general meeting next week to approve the increase in the percentage of foreign ownership.
The shares of the Dubai Stock Exchange recorded weekly increases of around 3%, supported by the launch of the public offering of Salik, and “Salik” had decided to increase the percentage of the offer from 20% to 24.9% of its capital due to strong investor demand.
Abu Dhabi financial market:
The FTSE Abu Dhabi Index added more than 400 points during the week, marking the second consecutive week of gains and its highest close in a month.
Support came from Multiplay’s acquisition of a stake in TAQA, which led to historic increases for both shares during the week.
The last session of the week saw exceptional liquidity for the Abu Dhabi market, which exceeded 3 billion dirhams, coinciding with the implementation of the semi-annual review of the FTSE index.
FTSE had decided to include both shares of IBEX Investment and Q Holdings in the list of mid-sized companies, which led to the entry of ample foreign liquidity on both shares at the close of the session on Friday.
Saudi market:
The Saudi market index turned red before closing with more than 7 billion riyals of liquidity entering the market, coinciding with the implementation of the semi-annual review of the FTSE indices.
Shares of Al-Rajhi Bank, Al-Ahly Bank and Aramco fell 1%, 1.5% and 1.3% respectively to close the index, down 0.5% at the lowest level in about two months, recording the fourth consecutive weekly decline.
The last session of the week saw the implementation of the six-monthly review of the FTSE indices, which included the inclusion of the Alam stock in the list of medium-sized companies, in addition to the downgrading of the Mobily stock from the list of large to medium-sized companies.
Stock Exchange of Egypt:
The thirtieth index lost 10,100 points, retiring for the third consecutive session, losing much of the gains obtained in the current month of September and recording weekly losses of 1.8%.
The seventy index also fell for the second consecutive session, but at the end it managed to consolidate above 2260 points.
Domty’s stake fell 4% to £ 5.18 levels, despite the company’s announcement that the Expedition Investments consortium had acquired a 33% stake in Domty at a price of £ 5.5 per share.
Gulf markets Other:
Dubai’s financial market index rebounded green, up 0.9%, recording its highest close since the beginning of this month.
The FTSE Abu Dhabi Index also rose 0.5% to regain 10,000-point levels and recorded its highest close in 3 weeks, with continued support from Multiplay’s acquisition of a stake in TAQA. Emirates.
The first Kuwaiti index managed to achieve weekly gains of around 0.7% after two consecutive weeks of decline amidst exceptional liquidity that surpassed 80 million dinars in Thursday’s session.
On the Qatari stock exchange, the broad index posted weekly gains of over 2% after 3 consecutive weeks of decline and liquidity surpassed 1.4 billion riyal levels in the last session of the week to coincide with application. of the FTSE review.
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