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Saudi Inmaa shares hit 80% high on first day
Inmaa Bank shares, which were behind the fluctuation the Saudi stock market has experienced over the past two weeks, leapt 80% at one point on Tuesday, after dominating 60% of total transactions on the exchange. But its opening day performance did not prevent the Saudi market closing the day down by 0.15%.
UAE shares gain Dhs13.6bn in two days
UAE shares added Dhs7.6bn during trading on Monday, as the Dubai Financial Market (DFM) witnessed a strong rise for the second consecutive day, up 1.2%. It has now hit Dhs13.6bn in two days.
Strong gains for UAE and Qatar in markets
Gulf stock markets posted strong performance in Dubai and Doha today, while KSA and Kuwait registered a slight decline. The stock market in Doha led the rise, gaining 1.4%, followed by Dubai, which rose 1.1%, while markets in Abu Dhabi, Muscat and Bahrain rose by less than 0.5%.
Saudi stocks fluctuate with new listings and IPOs
The Saudi market continued to fluctuate from last week, despite the Basic Chemical Industries Initial Public Offering (IPO) and the listing of Re-Insurance, which rose by 105%.
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