Abu Dhabi and Dubai stock markets climbed up, while the Saudi index tanked down by more than 1.1 percent this week, after being shut to mark the festival of Eid al-Adha.
The Saudi TASI index ended trading on Wednesday, July 13, 2022, in the red zone, to close down 127 points, or 1.1 percent, to close at the level of 11,290 points, with transactions worth $1.33 billion, and the volume of traded shares amounted to 135 million shares, shared by more than 307 thousand deals.
On the other hand, TASI fell by 1.1 percent Thursday, July 14, 2022, to its lowest level since late December, affected by the decline in the share of Retail Urban Development by 1 percent and the share of Sahara International Petrochemical Company (Sipchem) by 8 percent.
The general index of the Abu Dhabi Securities Exchange ended trading on Tuesday, July 12, 2022, increasing by 0.1 percent to 9,171 points. While the index fell on Wednesday, July 13, 2022, by 0.9 percent at the level of 9,090 points, with transactions worth a total of $326.7 million.
The Abu Dhabi index rose on Thursday, July 14, 2022, by 0.9 percent, with the closing of the first Abu Dhabi Bank’s share, up 2 percent. It also rose by 0.11 percent to the level of 9,186 points on Friday, July 15, 2022.
The Dubai Financial Market closed the session on Tuesday, July 12, 2022, with an increase of 0.6 percent at the level of 3,129 points. While the index fell on Wednesday, July 13, 2022, by 0.5 percent at the level of 3113 points, with transactions totaling $39.75 million. The market witnessed a decline in the shares of 10 companies out of 27 companies, while the shares of 10 other companies rose, and seven remained stable.
The main index of the Dubai Stock Exchange rose 1.3 percent Thursday, July 14, 2022, supported by a 3.4 percent increase in Emirates NBD Bank and 2.4 percent in the leading share of Emaar Properties.
The index ended its week on Friday, July 15, 2022, by 0.2 percent at the level of 3160 points, with 12 stocks rising.