Financial Markets Expert: The performance of the Arab stock exchanges has changed with the continuation of the Russo-Ukrainian war

Hanan Ramses, an expert on financial markets, said that the Arab stock exchanges saw a state of difference during the week ending and the end of April, with the continuation of geopolitical tensions between Russia and Ukraine, sharp fluctuations in oil prices and the decisions of federations and central banks around the world and their impact.

UAE financial markets

The UAE financial markets ended their trading high during the month of April, to record the Dubai Financial Market rising for the seventh month in a row, achieving the longest series of monthly rises in 8 years, and similarly, the Abu Dhabi Securities Market Index rises for the fourth month in a row, marking the highest monthly close for the first time.

The Dubai Financial Market posted a profit of 153.9 billion dirhams, and the Abu Dhabi market recorded a profit of 64 billion dirhams.

The Dubai Financial Market rose by about 5.47 percent at the end of trading in the fourth month of this year, reaching the level of 3,719 points, compared to about 3,526 points at the end of March 2022.

The banking sector rose 6.38 percent, with Dubai Islamic Bank 17.06 percent, Commercial Bank of Dubai 12.22 percent and Emirates National Dubai 10.11 percent.

The real estate sector increased by 30.2 percent during the month, which coincides with the increase of Emaar Properties 20.97 percent, and Emaar Development 22.17 percent.

The market value of Dubai shares recorded 589.865 billion dirhams at the end of the month, compared to about 435.886 billion dirhams in the previous month, with a market profit of 153.979 billion dirhams.

In terms of the Abu Dhabi stock exchange, it rose 0.9 percent during the month, reaching the level of 10,041 points, compared to about 9,951 points last month.

This coincided with an increase in the shares of International Holdings by 17.43 percent, Aldar Properties by 13.68 percent, Multiplay Group by 15.24 percent, Fairglobe by 9 percent, Sharjah Bank by 0.52 percent, and Umm Al Quwain Bank with 21.21 percent.

This comes amid the record value of Abu Dhabi shares at a value of 1.869 billion dirhams at the end of the fourth month of 2022, compared to a value of 1.805 trillion dirhams at the end of last month, which recorded monthly profits of about 64 billion. dirhams.

Kuwait Stock Exchange

The Kuwait Stock Exchange rose during the month of April 2022, coinciding with the companies announcing their annual financial results for the first quarter of the year, despite the decline in the rate of monthly trading due to the short trading period in the month of Ramadan.

The First Market Index recorded a 2.72% increase at the level of 9 308.03 points at the end of April, an increase of 246.62 points, compared to the close of last March at the level of 9 061, 41 points.

The main index rose 2.16% in April to 6389.78 points, compared to the previous March’s close at 6,254.76 points, with monthly gains of more than 135 points.

And “Main 50” grew 1.38% as it ended April’s trading at 6673.96 points, a gain of 90.94 points, compared to last March’s close at 6583.02 points .

In summary, the general stock market index rose 2.60% during the month to 8,358.46 points, compared to the previous close of March of 8,146.69 points, up 211.77 points.

The rate of trading on the Kuwait Stock Exchange decreased during the month of April, during 20 sessions, compared to 22 sessions last March, due to the coincidence of trading in April with the advent of the month of Ramadan; Which led to a shorter trading period and an impact on trading values ​​and volumes.

Liquidity in the Kuwait Stock Exchange decreased by 13.8% in April; To reach 1.344 billion dinars, compared to 1.559 billion dinars last March.

Monthly trading volumes also decreased by 20.7%; To reach 4.464 billion shares, compared to 5.631 billion shares in the previous March.

The total number of transactions on the stock exchange in April amounted to 249,974 thousand transactions, compared to 273,539 thousand transactions last March, a decrease of 8.6%.

And in the Kingdom of Saudi Arabia

Saudi stock market

The Saudi stock market saw a remarkable rise during the month of April, to continue its rise for the fifth consecutive month, with the support of 3 major sectors, amid a decline in liquidity compared to the previous month .

The general index of the market “TASI” recorded an increase of 4.92%, with increases of 643.47 points, which rose to the level of 13,733.87 points, compared to 13,090.4 points, at the end from last month.

Market profits amounted to 507.91 billion riyals during April 2022, bringing the market capitalization of shares listed on “Tadawul” to 12.47 trillion riyals, compared to 11.96 trillion riyals, at the end of March.

The “TASI” index rose, supported by 11 sectors, led by 3 major sectors, led by the banking sector, after jumping 10.4%, the telecommunications sector rose by 6.5% and the energy sector rose by 3.97%.

The rest of the sectors performed negatively, with the insurance sector recording the highest losses, with a decrease of 6.42%, followed by the long-term commodity sector, with a decrease of 4.38%, and the basic materials sector has a decrease of 2.34%.

Trade values ​​decreased to 184.2 billion riyals during the month of April, compared to 234.67 billion riyals in the previous month, a decrease of 21.5%, bringing the average values ​​to about 9.2 billion riyals per session .

Trading volumes fell to about 3.7 billion shares, compared to 5.24 billion shares in March, a decrease of 27.4%, with a daily average of about 185 million shares.

In terms of the parallel market’s performance, the (Boonlimits growth) index ended April’s trading, down 4.4%, losing 1,100.43 points to 23,909.58 points. dropped.

Parallel trading values ​​fell to about 744.75 million riyals, compared to about two billion riyals in the previous month, and trading volumes fell to 10.05 million shares, compared to 22.64 million shares in March.

Egyptian Stock Exchange

As for the performance of the Egyptian Stock Exchange, the performance on a weekly basis differed from the performance of the month as the market capitalization of the stock exchange increased at the level of the week.

While he was a loser at the level of the month

Where the Egyptian Stock Exchange suffered losses of 11.3 billion pounds during the trading month of April, to close the market capital at the level of 715.1 billion pounds, compared to 726.4 billion pounds at the end of last March, a decrease of 1.55%.

The EGX30 index closed at 11,047.7 points, which is down 1.7%. While the EGX70 EWI index recorded a decrease of 1.9%, which closed the period at 1 873.98 points, while the S&P index recorded a decrease of 0.73%, around the period at 1 797.81 points.

In terms of the EGX30 Limited Index, it recorded a decline of 1.29%, closing at 13,533.68 points. While the EGX100 EWI index declined 1.48% to close the period at 2,851.09 points

The total trading value during the month of April amounted to about 86.7 billion, while the volume of trading amounted to about 7.441 million papers executed on 563,000 transactions, compared to a total trading value of 180.0 billion pounds and a trading volume of 8,672 million papers conducted. on 952 thousand transactions during the month of March.

The shares accounted for 60.17% of the total trading value in the stand. While the trading value of bonds represented approximately 39.83% during the month.

Egyptians’ transactions accounted for 69.8% of the total transactions on listed shares, while foreigners accounted for 19.3% and Arabs 10.9%, after transactions were excluded. Foreigners recorded a net sale of 1.427.0 million pounds, while Arabs recorded a net purchase of 680.8 million pounds, after transactions were excluded.

The Egyptians’ transactions represented 72.1% of the trading value of the listed shares since the beginning of the year after transactions were excluded, while the foreigners recorded 18.2% and the Arabs 9.7% The foreigners have a net sales of about 7 115.4 million pounds and the Arabs recorded a net purchase of about 1 737.1 million pounds and this on the shares Limited after transactions were excluded since the beginning of the year.

As for the week?

The Egyptian Stock Exchange posted a profit of 26.2 billion pounds during the week’s trading to close the market capitalization of shares listed in the domestic market at the level of 715.1 billion pounds, compared to 688.9 billion pounds during the trading week previous year, an increase of 3.81%

In terms of indicators, the EGX30 index closed at 11,047.7 points, a rise of 4.74%. While the EGX70 EWI index recorded a rise of 2.33%, which closed the period at 1,873.98 points, while the S&P index recorded 3.61% higher, which closed the period at 1,797.81 points concluded.

As for the EGX30 restricted index, it recorded an increase of 4.16%, closing at 13,533.68 points. While the EGX100 EWI index rose 3.01% to close the period at 2,851.09 points.

The total trading value during the past week was about 14.1 billion, while the volume of trading amounted to about 2,097 million papers executed on 106 thousand transactions, compared to a total trading value of 8.5 billion pounds and a trading volume of 1,496 million papers conducted. on 157 thousand transactions during the week before Last, the shares acquired 72.31% of the total trading value within the stand.

Egyptians’ transactions accounted for 66.8% of the total transactions on listed shares, while foreigners accounted for 24.7% and Arabs for 8.4%, after transactions were excluded. Foreigners recorded a net sale of 203.4 million pounds, while Arabs recorded a net purchase of 175.1 million pounds, after transactions were excluded.

Financial market expert: Arab stock exchanges reach historic highs and take advantage of oil

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