GCC Stock Markets: Mixed Results Reflecting Diverse Economies

The Gulf Cooperation Council countries experienced a generally positive performance in their stock markets last week. Saudi Arabia’s market index saw an increase of 0.8%, closing at 12,352 points. Kuwait also experienced an uptick, with its general market index rising by 0.16% to close at 7,033.48 points. Bahrain had a gain of 0.58% in the Bahrain General Index, closing at 2,028.59 points.

However, Qatar was the exception to this trend as its stock index declined by 0.28% during the week, closing at 9,610.80 points. On the other hand, the Omani stock market saw a positive performance, with the Muscat Stock Exchange index rising by 1.27% to close at 4,773.30 points.

Overall, while most stocks in the GCC countries showed strong performance last week, there were some differences in each country’s market performance reflecting the diverse nature of the region’s economies.