The Saudi Stock Exchange’s general index fluctuated this week, recording its lowest level since January and ending the week down by nine points.
On the other side, The Abu Dhabi market continued to fall below 9,200 points, while the Dubai market managed to rise above 3,200 points, supported by a rise in real estate and investment shares, during the week.
TASI: Lowest level
Dar Al-Arkan Real Estate Development’s share fell 7.76 percent on Sunday. In comparison, Alinma Bank’s share fell 6.5 percent, bringing the general index of the Saudi Stock Exchange to its lowest level since the beginning of this year, which coincided with a 4.44 percent drop in the general index.
At 4.64 percent, Al-Rajhi Bank is followed by Saudi Aramco at 4.03 percent.
On Monday (June 20, 2022), the general index of the Saudi stock market TASI rose by 0.55 percent, closing at 11361.53 points. The index also gained 2.62 percent on Tuesday (June 21).
TASI fell by 2.91 percent on Wednesday (June 22), and 20 sectors in the Saudi stock market fell, with investment and financing leading the way with 4.58 percent losses. While on Thursday (June 23), the general index of the Saudi stock market fell by nine points and closed at 11,311 points.
Mixed Week
Abu Dhabi’s Securities Exchange index fell by 1.036 percent on Monday (June 20) as basic materials, real estate, and the energy sectors fell, and the energy sector led the way with a 1.7 percent drop.
The index rose by 1.34 percent on Tuesday (June 21), and nine Abu Dhabi Securities Exchange sectors increased by over three percent.
Abu Dhabi’s main index decreased by 1.843 percent on Wednesday (June 22), and eight sectors, including real estate, fell by 4.61 percent. The index also fell on Thursday (June 23) by 0.6 percent.
A decline of 0.11 percent was recorded at the end of Friday’s session (June 24) in the Abu Dhabi market index, with Global Holding falling by 0.04 percent, First Abu Dhabi falling by 0.32 percent, and Aldar Properties dropping by 1.14 percent.
Ended the week with gains
On Monday (June 20), the general index of the Dubai Financial Market fell by 1.5 percent, and eight sectors of the Dubai Stock Exchange, led by industry, dropped by 9.9 percent.
In comparison, Dubai’s main index rose 2.3 percent on Tuesday (June 21). A 0.86 percent drop in the index on Wednesday (June 22) was followed by losses in eight sectors on the Dubai Stock Exchange.
On Thursday (June 23), the index fell by 1.1 percent, but it rose again on Friday (June 24) by 0.09 percent.