KAMCO GCC Markets Monthly Report

billion shares, whereas the total value of shares traded during the month more than doubled to KD 258 million. Zain continued to remain the investors’ favorite scrip with the highest monthly value (KD 44.6 million) and volume traded (115.5 million shares), for the second consecutive month. NBK came in close with KD 41 million worth of shares traded followed by KFH (KD 24.8 million) and Americana (KD 15.1 million). In terms of monthly volume, Zain was followed by Hits Telecom (87.1 million shares) and Investors Holding Group (79.8 million shares).

Saudi Arabia (Tadawul)

After three consecutive months of steep declines, the Tadawul All Share Index recorded the highest monthly gain in the GCC during

Abu Dhabi Securities Exchange

After closing marginally up in Sept -16, the ADX index was down by 3.9 percent m-o-m in Oct-16. The index closed at 4,300.18 points, as sectoral indices included both gainers and decliners for the month. Telecom names fell the most during the month and receded by 5.8 percent, as Etisalat lost ground by an equal 5.8 percent. Consumer Staples and Banking indices followed, as they went down by 4.6 percent and 4.0 percent respectively m-o-m.

In the Banking index, NBAD lost ground by 3.6 percent for the month of Oct-16, while FGB also declined by 2.5 percent for the same month. ADCB and ADIB also declined and receded by over 4 percent each. Sectors that improved during the month of Oct-16, were led by the Industrials index which went up by 2.2 percent Amanat Holdings witnessed higher stocks prices, as compared to the previous month.