A 2.3 percent weekly increase in the Saudi Stock Exchange compensated for the losses it had sustained, taking it from 13,314 points last week to 13,621.
The Abu Dhabi index fell 1.3 percent on Thursday, its biggest daily fall in more than a month.
On Monday, the Dubai index had a solid start to the week, climbing 1.3 percent to its highest daily performance in the previous two weeks.
TASI rises at end of week
The main index of the Saudi Stock Exchange rose 0.2 percent on Sunday, April 10, supported by financial and petrochemical shares.
On Monday, it rose 0.7 percent, while SABIC, the Northern Region Cement Company, and Saudi Cement Company falling at rates ranging from 2 percent to 4 percent.
TASI rose about 1 percent on Tuesday, with Saudi Aramco’s shares rising 0.6 percent.
It fell 0.7 percent on Wednesday, affected by the decline in the financial sector shares.
On Thursday, the Saudi Stock Exchange compensated for losses incurred earlier in the session and ended up 0.5 percent.
Abu Dhabi index recoups losses
The main index in the Abu Dhabi Securities Exchange rose 0.7 percent on Monday, April 11, but fell 0.6 percent on Tuesday to 10,102 points.
The index stabilized on Wednesday, but fell again on Thursday, this time by 1.3 percent, the most significant daily loss in more than a month.
On Friday, the index compensated for its losses earlier in the session and closed stable, at a time when the shares of First Abu Dhabi Bank fell 1.5 percent.
Dubai: Mashreq Bank up 14.7%
The leading Dubai index closed increased on Monday, April 11, by 1.3 percent, recording its best day in two weeks, led by the share of Air Arabia, which rose about 9 percent.
The index fell 0.5 percent to 3,569 on Tuesday, but ended up rising by 0.3 percent on Wednesday.
It settled on Thursday.
The Dubai Stock Exchange index rose 0.5 percent on Friday, supported by a jump in the Mashreq Bank share by 14.7 percent, after its Oman Insurance unit agreed to cash dividends with a total value of $25.16 million for the fiscal year ending in December 2021.
