Weekly performance of Gulf stocks shows mixed results

Last week, the stock markets in the Gulf Cooperation Council countries experienced a mixed performance. In Dubai, the market index saw a slight decline of 0.05% to 4244.15 points, while Abu Dhabi’s market rose by 0.1% to 9237.26 points. The Saudi market index ended the week with a 1.1% increase, closing at 12,705 points. Meanwhile, Kuwait’s general market index declined by 0.75% over three sessions and closed at 7,271.82 points on Thursday before resuming trading on Sunday.

In Bahrain, the general index fell by 1.67% over five sessions and closed at 2,021.54 points on Friday before resuming trading on Monday morning. Qatar’s stock exchange index also fell by 1.28% to 9816.30 points on Friday before closing for the weekend on Saturday afternoon.

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Overall, it was an interesting week for the GCC stock markets as some indices rose while others fell across different countries in the region.

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By Samantha Johnson

As a content writer at newsnmio.com, I craft engaging and informative articles that aim to captivate readers and provide them with valuable insights. With a background in journalism and a passion for storytelling, I thoroughly enjoy delving into diverse topics, conducting research, and producing compelling content that resonates with our audience. From breaking news pieces to in-depth features, I strive to deliver content that is both accurate and engaging, constantly seeking to bring fresh perspectives to our readers. Collaborating with a talented team of editors and journalists, I am committed to maintaining the high standards of journalism upheld by our publication.

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