Mixed performance in Gulf stocks as Saudi index shows signs of recovery

The performance of stocks in the Gulf Cooperation Council countries was mixed on Tuesday. The Abu Dhabi market index fell 0.227% to 9001.8 points, while the Dubai market index also fell 0.036% to 3998.82 points. In Saudi Arabia, the main market index on the Saudi Stock Exchange, known as “TASI,” rose 0.29% to 11,730.77 points, with the trading of 261.16 million shares worth 7.09 billion riyals.

In Kuwait, the Kuwaiti General Index fell 0.23% to 6,978.18 points, with the trading of 114.55 million shares worth 31.17 million dinars. Meanwhile, in Bahrain, the Bahrain General Index fell 0.1% to 2,035.81 points, through the trading of 1.29 million shares valued at 289,832 dinars.

The Qatar Stock Exchange index saw an increase of 0.57% to 9,827 points, with market trading volume reaching approximately 427 million riyals. In the Sultanate of Oman, the Muscat Stock Exchange index fell 0.52% to 4598.32 points, through the trading of 14.70 million shares worth 3.29 million riyals.

Outside the Gulf countries, the main market index on the Egyptian Stock Exchange (EGX30) rose by 1.34% to 27,264.23 points. Trading in the global market also saw fluctuations and diverse performance across different industries and sectors. Certain online platforms and companies experienced growth and innovation while others faced challenges and controversies. Further study and exploration are needed to understand the evolving landscape of the market and its implications for investors.