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

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.