Saudi market index ends 9-session winning streak
Qatar Stock Exchange Index Rise to Highest Level in 5 Months
Dubai Financial Market Index Rises to 6-Month High
Parkin shares hit highest close since listing


Saudi market:

The main market index declined slightly by 0.01% on Monday, ending a daily winning streak that lasted for 9 consecutive sessions, to close at 12,261 points.
Liquidity exceeded 9 billion riyals for the first time in more than two weeks, amid a decline in 137 shares out of 238 listed companies.
The pressure came mainly from the banking sector leaders, with Al Ahli and Alinma shares falling by 0.7% and 0.9% respectively.
STC shares also fell 0.2%, pressured by profit-taking after the stock hit its highest levels in 13 months after the board of directors recommended increasing annual cash dividends.
In contrast, Aramco shares rose by 0.4% as oil prices continued to recover and Brent crude regained levels of $80.

Egyptian Stock Exchange:

Egyptian indices closed mixed on Monday, with market capitalization dropping to EGP 2.06 trillion amid relatively active liquidity of EGP 4.9 billion.
The 30-share index rose 0.2% to close near its highest levels in 5 months, supported by the rise in Fawry and Hermes shares by 7% and 6%, respectively.
While the 70s index fell by about 0.5%, ending a series of daily gains that lasted for 8 consecutive sessions.
Data from Monday's session showed that foreigners recorded a net purchase of EGP 578 million, compared to net sales by Egyptians and Arabs of EGP 510 and EGP 68 million, respectively.
In the latest economic developments, the Egyptian Prime Minister said late last week that the government was working on a new social protection package, stressing that Egypt remains among the cheapest countries in the world in terms of electricity prices.

Gulf markets:

Most Gulf stock markets closed with gains on Monday after the FTSE index review was announced and after US Federal Reserve Chairman Jerome Powell indicated an interest rate cut was likely in September.
Kuwait's first index rose by 0.45%, supported by the rise in shares of the National Bank of Kuwait and Warba Bank by 0.7% and 1%, respectively.
Qatar's stock market index jumped 1.2% to its highest close in five months, led by Qatar National Bank, which rose 2%.
Qatar agreed on Monday to supply Kuwait with 3 million tons of liquefied natural gas annually for 15 years, the second such deal since 2020, to help meet growing demand for power generation.
In the UAE markets, the FTSE Abu Dhabi index fell by 0.2%, ending a daily winning streak of 8 consecutive sessions, pressured by a 1.4% decline in the Multiply share after it was downgraded to a medium-cap index in the FTSE review.
In contrast, Q Holding shares rose 2% after FTSE decided to upgrade the stock to the large companies list.
Dubai's index rose 0.75% to its highest level in 6 months, supported by the rise of Emaar Properties and Emaar Development shares by more than 1.5% each.
FTSE decided to upgrade Emaar Development shares from medium to large companies list in its semi-annual review.
Parkin shares also rose 1.4% to their highest close since listing after FTSE decided to downgrade the stock to a small cap.