The Gulf Cooperation Council countries saw mostly positive performance in their stock markets last week. Saudi Arabia’s market index rose by 0.8%, closing at 12,352 points. Kuwait also saw an increase in the general market index, rising by 0.16% to close at 7,033.48 points. Bahrain experienced 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, most stocks in the GCC countries showed strong performance last week, reflecting their diverse economies and unique nature as a region.
In Saudi Arabia’s stock market last week, there was an upturn as the market index rose by 0.8%. This positive trend continued throughout the week until it closed at 12,352 points.
Kuwait also recorded a rise in its general market index last week with an increase of just over 0%. This growth was impressive given that it closed at a high of 7,033.
Bahrain experienced a strong growth rate with an increase of about half a percent in its Bahrain General Index last week before closing out at approximately