Saturday , January 16 2021

Saudi Stock Exchange is growing … And the mysterious unsuccessful landing of Qatar shares




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Saudi Arabia's index rose 0.6 percent after an hour of trading. The National Commercial Bank, the kingdom’s largest bank, grew by 1.3 percent.

Anam International Holding Group rose 4.6 percent as a result of traded trade after signing a non-binding memorandum of understanding for the purchase of real estate and commercial assets owned by Abdullam Abbar and raw materials and Dar Albar.

The two companies will receive new shares issued by Anam as part of the deal.

At the same time, the Qatar Stock Exchange announced a technical failure, and then reported that it was repaired later, and then the market announced the cancellation of all transactions that occurred the morning before the holidays, which did not disclose details.

In the UAE, the Abu Dhabi index jumped 0.1 percent after falling in the previous two sessions. The first bank of Abu Dhabi, the largest bank in Emirates, rose 0.4 percent, and Dana Gas slipped 1 percent.

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Saudi Arabia's index rose 0.6 percent after an hour of trading. The National Commercial Bank, the kingdom’s largest bank, grew by 1.3 percent.

Anam International Holding Group rose 4.6 percent as a result of traded trade after signing a non-binding memorandum of understanding for the purchase of real estate and commercial assets owned by Abdullam Abbar and raw materials and Dar Albar.

The two companies will receive new shares issued by Anam as part of the deal.

At the same time, the Qatar Stock Exchange announced a technical failure, and then reported that it was repaired later, and then the market announced the cancellation of all transactions that occurred the morning before the holidays, which did not disclose details.

In the UAE, the Abu Dhabi index jumped 0.1 percent after falling in the previous two sessions. The first bank of Abu Dhabi, the largest bank in Emirates, rose 0.4 percent, and Dana Gas slipped 1 percent.


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