Gulf stocks solidify in the initial trading session post-Eid holiday

Gulf markets saw a decline on Sunday following an unprecedented Iranian attack on Israel. By the end of the trading day, the main indices had reduced their sharp declines in a session characterized by calm trading after the markets holiday for Eid al-Fitr last week. The Saudi TASI index closed down 0.3%, with transactions amounting to 6.28 billion riyals after initially declining 1.8% in early trading.

While stock markets in the UAE remained closed for an extended holiday, the Qatari index fell by 0.64% to 9,822.37 points with trades worth 295.82 million riyals. In Bahrain, the index stabilized at 2,040.42 points with transactions worth 160.65 thousand dinars. In detail, the Saudi market index closed at 12,667 points, down 0.3%. Trading resumed in the Saudi market after the Eid al-Fitr holiday.

Stocks such as Al Rajhi Bank and Al Ahli Saudi saw declines, while shares of GIG rose by 5% after announcing cash dividends to shareholders. In Kuwait, the Stock Exchange closed with the general index declining by 0.98%, reaching 7116.98 points. Similarly, the Muscat Stock Exchange 30 index in Oman closed with a slight increase. Outside the Gulf markets, the Jordanian Stock Exchange closed at an increase of 0.5%.

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