• Tue. May 28th, 2024

Gulf Stocks Experience a Joint Increase, with the Exception of Oman

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May 15, 2024

Stocks in the Gulf Cooperation Council countries saw mostly positive movements on Wednesday, with the exception of Oman. In the UAE, both the Abu Dhabi and Dubai market indexes rose, with gains of 1.63% and 0.89% respectively. Saudi Arabia’s main stock index, TASI, also saw an increase of 0.83%, with significant trades worth 8.1 billion riyals.

The general index of the Kuwait Stock Exchange rose by 0.47%, with trading volume reaching 304.6 million shares. Bahrain’s general index also saw a slight rise of 0.16%, with trades amounting to 1.41 million shares. Qatar’s Stock Exchange index increased by 0.05%, with a trading volume of approximately 686 million riyals.

In contrast, Oman’s Muscat Stock Exchange index fell by 0.44%, with a trading value of 2.65 million riyals. Outside the Gulf region, Egypt’s main stock exchange index, EGX30, experienced a decline of 1.67% to 25,988 points.

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