Categories: Economy

Mixed Results for Gulf Stock Markets: A Closer Look at Yesterday’s Performance

Stock markets across the Gulf Cooperation Council countries saw mixed performances on Tuesday. The Abu Dhabi market index in the UAE rose by 0.082% to 9,252.61 points, while the Dubai market index increased by 0.143% to reach 4,269.4 points. In Saudi Arabia, the Tadawul All Share Index (TASI) climbed 0.43% to 12,476.59 points with SABIC, Chemical, Avalon Pharma, Yansab, and Saudi Kayan reporting the highest increases.

Meanwhile, in Kuwait, the general market index rose by 0.19% to 7,368.11 points with Al-Deira showing the highest gains of all companies listed on the Kuwait Stock Exchange (KSE). On the other hand, several other companies experienced declines including Kuwaiti Emirati Holding and Energy House among others.

The Bahrain General Index fell by 0.22% to 2,029.31 points due to drops in Bahrain Telecommunications and Al Salam Bank among others. In Qatar, the Stock Exchange index decreased by 0.71%, driven mainly by declines in Commercial Bank and Medical Care Group among others.

On a positive note for Omani investors, Muscat Stock Exchange index rose by 0.20% to reach a new high of 4,672

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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