• Mon. May 20th, 2024

Gulf stocks experience strong weekly performance, with the exception of Qatar

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May 10, 2024

The stock markets in the Gulf Cooperation Council countries saw mostly positive performance last week. In Saudi Arabia, the market index increased by 0.8%, reaching 12,352 points. Kuwait also saw a slight increase of 0.16%, closing at 7,033.48 points. Bahrain ended the week with a 0.58% increase in the Bahrain General Index, closing at 2,028.59 points.

On the other hand, Qatar was the only country to see a decline in its stock index, dropping by 0.28% and closing at 9,610.80 points. In Oman, the Muscat Stock Exchange index rose by 1.27%, closing at 4773.30 points. Overall, most countries in the GCC region recorded positive gains in their stock markets, with only Qatar experiencing a slight decline.

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