The Last Candle (5 February 2018)

A look at the closing candles for Arab markets for 5 February 2018.
By Markets Chimp

2/5/18 11:00 PM

  • The EGX 30 gained on Monday, after a sell-off that took place yesterday. The index went up by 0.59% with notably higher trade volumes. Although many stocks have ended the session in the negative territory, the heavyweight blue chips scored the victory for the index today. Meanwhile, TASI failed to recover yesterday’s losses and closed the session today down by 0.28%.
  • UAE indices continued to drift lower, amid relatively thin trading. DFMGI shed 0.23%, but despite the decline the index managed to recover many early losses incurred during the session. Meanwhile, ADSMI was down only 0.06%, nearly unchanged.
  • Qatari stocks fell for their second consecutive sessio; however, the decline during the two sessions was very intensive (-3.89%). While the Kuwaiti index was quite unfazed in yesterday’s trading (declining the least amongst the others), the index managed to gain on Monday some 0.62%, closing at its best levels since 3 October 2017.

 

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