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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Losses for most Gulf markets with the expiration of eligibility for cash dividends

    Rocky
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    • Post n°1

    Losses for most Gulf markets with the expiration of eligibility for cash dividends Empty Losses for most Gulf markets with the expiration of eligibility for cash dividends

    Post by Rocky Tue 26 Mar 2024, 5:06 am

    Losses for most Gulf markets with the expiration of eligibility for cash dividends

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    Economy News - follow up
    Saudi Market:
    The main market index fell by 1.1% in Monday’s session, incurring the largest daily loss in nearly two months, amid liquidity amounting to 8.2 billion riyals and a decline in 152 shares out of 233 listed companies.
    The support came mainly from the banking sector, specifically from Al Rajhi Bank shares, which fell by 3.5% at the start of trading on the stock without entitlement to cash dividends amounting to 1.15 riyals per share for the second half of 2023.
    Riyad Bank shares also fell by about 5% at the start of trading on the stock without eligibility. Eligibility for cash dividends of 0.75 riyals per share for the second half of 2023.
    Aramco shares also fell by 1.1% to their lowest levels in a month and a half, despite the rise in Brent crude prices at the beginning of the week.
    Egypt Stock Exchange:
    Egyptian indices closed with collective gains in Monday’s session, bringing the market value to 1.96 trillion pounds, amid a relative decline in liquidity to 3.2 billion pounds.
    The Thirty Index rose by 1%, recording the third daily gain in a row, supported by the rise in shares of Elsewedy Electric and Talaat Mustafa by 3% and 2%, respectively. 
    The 70-year index also rose by about 0.7%, recording the fourth daily gain in a row.
    Monday's session data showed Arabs recording net sales worth 56 million pounds, compared to net purchases by foreigners and Egyptians worth 19 and 37 million pounds, respectively.
    Egyptian banks and exchange companies have witnessed a large demand during the current times, supported by the liberalization of the exchange rate, which prompted many holders of foreign currency to give it up through legitimate channels, with a proceeds estimated at more than 5 billion dollars. 
    Gulf markets:
    Most Gulf markets closed with losses in Monday's session under pressure from the expiration of eligibility for cash dividends for a number of companies, in addition to the anticipation of personal spending data in America, which will be one of the decisive factors in the Fed's interest rate decision.
    The Qatar Stock Exchange index fell by 1.2%, recording the largest daily loss in a month and a half, affected by the decline in Qatar National Bank shares by 3.3% to its lowest levels in 6 years.
    The First Kuwait Index fell by 0.3% after 3 sessions of gains, under pressure from the decline of KFH and Masharie shares by 0.4% and 4.5%, respectively.
    In the UAE markets, the FTSE Abu Dhabi index rose marginally after 5 consecutive sessions of gains, under pressure from the decline of the shares of International Holding and E& by 0.1% each, in addition to the decline of Multiplay shares by 1.3%.
    The Dubai market index also rose marginally amidst the stability of the leading stocks without change and the decline of Air Arabia shares by 1% to its lowest levels since the beginning of this year after the start of trading in the stock without eligibility for cash dividends.


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