• Fri. May 3rd, 2024

Eid al-Fitr Brings Mixed Results to Gulf Stock Markets, While Qatar Enjoy a Notable Rise

BySamantha Jones

Apr 20, 2024
Gulf stocks show mixed performance as Saudi Stock Exchange takes Eid Al-Fitr break

Gulf stock markets varied on Sunday, ahead of the Eid al-Fitr holiday. In the Emirates, the markets went on holiday until Shawwal 3, while Saudi Arabia entered the holiday and trading will resume on Sunday, April 14, 2024. The general market index on the Kuwait Stock Exchange fell 1.05% to 7,195.53 points, with the highest increases being in Ahli (1.20%), Zain (1.03%), and Commercial Real Estate (0.78%). Meanwhile, in Bahrain, the Stock Exchange general index fell 0.03% to 2,020.89 points through trading of shares worth 326,520 Bahraini dinars. The highest increases were in Aluminum Bahrain (0.72%) and Bank of Bahrain and Kuwait (0.41%), while the biggest declines were in Gulf Hotels Group (3.49%) and Al Salam Bank (0.97%).

The Qatar Stock Exchange index rose 0.96% to 9,910

By Samantha Jones

As a content writer at newsnnk.com, I weave words into captivating stories that inform and engage our readers. With a passion for storytelling and an eye for detail, I strive to deliver high-quality and engaging content that resonates with our audience. From breaking news to thought-provoking features, I am dedicated to providing informative and compelling articles that keep our readers informed and entertained. Join me on this journey as we explore the world through the power of words.

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