{"id":100174,"date":"2023-08-01T09:40:43","date_gmt":"2023-08-01T07:40:43","guid":{"rendered":"https:\/\/investmentbell.com\/?p=100174"},"modified":"2023-08-23T15:01:15","modified_gmt":"2023-08-23T13:01:15","slug":"collective-monthly-gains-for-the-gulf-markets-supported-by-the-results-of-banks-and-oil-prices-and-egyptian-indices-recorded-slight-losses-in-july","status":"publish","type":"post","link":"https:\/\/investmentbell.com\/ur\/news\/market-overview\/collective-monthly-gains-for-the-gulf-markets-supported-by-the-results-of-banks-and-oil-prices-and-egyptian-indices-recorded-slight-losses-in-july\/","title":{"rendered":"\u062e\u0644\u06cc\u062c\u06cc \u0645\u0646\u0688\u06cc\u0648\u06ba \u06a9\u06d2 \u0644\u06cc\u06d2 \u0627\u062c\u062a\u0645\u0627\u0639\u06cc \u0645\u0627\u06c1\u0627\u0646\u06c1 \u0646\u0641\u0639\u060c \u0628\u06cc\u0646\u06a9\u0648\u06ba \u0627\u0648\u0631 \u062a\u06cc\u0644 \u06a9\u06cc \u0642\u06cc\u0645\u062a\u0648\u06ba \u06a9\u06d2 \u0646\u062a\u0627\u0626\u062c \u0633\u06d2 \u062a\u0639\u0627\u0648\u0646 \u06cc\u0627\u0641\u062a\u06c1\u2026 \u0627\u0648\u0631 \u0645\u0635\u0631\u06cc \u0627\u0646\u0688\u06cc\u06a9\u0633 \u0646\u06d2 \u062c\u0648\u0644\u0627\u0626\u06cc \u0645\u06cc\u06ba \u0645\u0639\u0645\u0648\u0644\u06cc \u0646\u0642\u0635\u0627\u0646 \u0631\u06cc\u06a9\u0627\u0631\u0688 \u06a9\u06cc\u0627"},"content":{"rendered":"<ul class=\"wp-block-list\">\n<li>The Saudi market is rising for the second month in a row<\/li>\n\n\n\n<li>Qatar Stock Exchange index achieves the highest monthly gain in a year<\/li>\n\n\n\n<li>Kuwait First Index rises for the second month in a row<\/li>\n\n\n\n<li>The Dubai Market Index achieves the highest monthly gain since November 2021<\/li>\n<\/ul>\n\n\n\n<p>Saudi Market:<\/p>\n\n\n\n<p>The main market index declined by 0.8% in Monday&#8217;s session, down for the third consecutive session, amid liquidity amounting to about 5.9 billion riyals.<\/p>\n\n\n\n<p>The pressure mainly came from stc&#8217;s share falling by more than 4% to its lowest level in two months, despite the group&#8217;s announcement of a 6% increase in profits in the second quarter and its recommendation to distribute a dividend of 0.4 riyals per share for this period.<br>The National Bank\u2019s share also decreased by 2.9%, recording the largest daily loss in more than 4 months, despite its announcement last week of positive results for the second quarter of 2023.<\/p>\n\n\n\n<p>On the other hand, Aramco&#8217;s share rose by 0.3%, supported by the gains in oil prices and the rise in Brent crude prices to levels of $85 per barrel.<\/p>\n\n\n\n<p>The Statistics Authority announced today, Monday, that the growth of the Saudi economy has slowed down to 1.1%, due to pressure from the decline in oil activities during the second quarter of this year.<\/p>\n\n\n\n<p>Over the course of the month, the Saudi index rose by about 2% in July, recording its second consecutive monthly gain.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/backend.admin.prod.cnbcarabia.com\/s3Content\/39c663451b.png\" alt=\"\" title=\"\"><\/figure>\n\n\n\n<p>Egypt Stock Exchange:<\/p>\n\n\n\n<p>Egyptian indices closed with slight gains in Monday&#8217;s session, amid liquidity amounting to about 2.1 billion pounds.<\/p>\n\n\n\n<p>The 30-year-old index rose by 0.2%, up for the second consecutive session, supported by the rise in i-Finance share by 1.6%, recording its highest closing in 6 weeks, in addition to the rise in Abu Qir Fertilizers share by 0.4%.<br>The seventieth index rose by 0.4%, recording its highest closing in 3 weeks, to close at 3530 points.<\/p>\n\n\n\n<p>The data showed that Egyptians and Arabs recorded a net sale of 81 and 40 million pounds, respectively, compared to a net purchase of 121 million pounds for foreigners.<\/p>\n\n\n\n<p>Throughout the month, the 30-year-old index declined by 0.4% in July after rising by 1% in June, and the 70-year-old index declined by 0.1% in July after 3 consecutive months of gains.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/backend.admin.prod.cnbcarabia.com\/s3Content\/a995a21b48.png\" alt=\"\" title=\"\"><\/figure>\n\n\n\n<p>Other Gulf markets:<\/p>\n\n\n\n<p>The Qatar Stock Exchange index continued its upward trend in the Monday session, rising by 0.1%, recording gains for the 14th session in a row, to achieve its highest close in 6 months, supported by the rise in Qatar National Bank by 0.5%, to its highest level in more than two months.<br>Over the course of the month, the Qatari index rose by 8.8% in July, achieving the highest monthly gain in a year.<\/p>\n\n\n\n<p>Whereas, the Kuwait First Index declined by 0.4% in Monday&#8217;s session, pressured by the decline in the shares of Al-Watani and Arzan by 0.6% and 2%, respectively.<br>Over the course of the month, the first index rose by about 3.2% in July, achieving gains for the second month in a row.<\/p>\n\n\n\n<p>In the UAE markets, the FTSE Abu Dhabi index rose by 0.3% in the Monday session, achieving its highest close in 3 months, supported by the rise in the First Abu Dhabi share by more than 1%.<br>Over the course of the month, the index rose by around 2.5% in July, marking gains for the second month in a row.<\/p>\n\n\n\n<p>The Dubai market index rose by 0.55% in Monday&#8217;s session, recording its highest closing since August 2015, supported by the rise in the shares of Emaar Properties and Emirates NBD by 0.6% and 2.4%, respectively.<br>Over the course of the month, the index rose by more than 7% in July, marking the highest monthly gain in 20 months.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/backend.admin.prod.cnbcarabia.com\/s3Content\/e6fda10e98e.png\" alt=\"\" title=\"\"><\/figure>\n<div class=\"rate-now\"><span id=\"rate-mypost100174\"><\/span> <span id=\"rate-points\"> 0<\/span><\/div>\n\t\t\t<script type=\"text\/javascript\">jQuery('#rate-mypost100174').raty({\n\t\t\t\thalfShow : true,\n\t\t\t\thalf: true,readOnly: true,score: 0,\n\t\t\t\tpath: \"https:\/\/investmentbell.com\/wp-content\/plugins\/userpro-rating\/images\/\"\n\t\t\t\t});<\/script>","protected":false},"excerpt":{"rendered":"<p>Saudi Market: The main market index declined by 0.8% in Monday&#8217;s session, down for the third consecutive session, amid liquidity amounting to about 5.9 billion riyals. The pressure mainly came from stc&#8217;s share falling by more than 4% to its lowest level in two months, despite the group&#8217;s announcement of a 6% increase in profits [&hellip;]<\/p>","protected":false},"author":13,"featured_media":100181,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[89],"tags":[],"class_list":{"0":"post-100174","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-market-overview-news"},"_links":{"self":[{"href":"https:\/\/investmentbell.com\/ur\/wp-json\/wp\/v2\/posts\/100174","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/investmentbell.com\/ur\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/investmentbell.com\/ur\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/investmentbell.com\/ur\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/investmentbell.com\/ur\/wp-json\/wp\/v2\/comments?post=100174"}],"version-history":[{"count":2,"href":"https:\/\/investmentbell.com\/ur\/wp-json\/wp\/v2\/posts\/100174\/revisions"}],"predecessor-version":[{"id":145570,"href":"https:\/\/investmentbell.com\/ur\/wp-json\/wp\/v2\/posts\/100174\/revisions\/145570"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/investmentbell.com\/ur\/wp-json\/wp\/v2\/media\/100181"}],"wp:attachment":[{"href":"https:\/\/investmentbell.com\/ur\/wp-json\/wp\/v2\/media?parent=100174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investmentbell.com\/ur\/wp-json\/wp\/v2\/categories?post=100174"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investmentbell.com\/ur\/wp-json\/wp\/v2\/tags?post=100174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}