GCC Stock Markets Experience Mixed Performance: Saudi Arabia and Kuwait Post Moderate Increases While Qatar and Oman See Positive Growth

The stock markets in Gulf Cooperation Council countries saw mostly positive performance last week. In Saudi Arabia, the market index increased by 0.8%, reaching 12,352 points. Kuwait also saw a slight increase of 0.16%, closing at 7,033.48 points. Bahrain ended the week with a 0.58% increase in the Bahrain General Index, closing at 2,028.59 points.

On the other hand, Qatar was the only country to see a decline in its stock index, dropping by 0.28% and closing at 9,610.80 points. In Oman, the Muscat Stock Exchange index rose by 1.27%, closing at 4773.30 points. Overall, most countries in the GCC region recorded positive gains in their stock markets, with only Qatar experiencing a slight decline.[/Rewritten:

While most Gulf Cooperation Council countries experienced positive growth in their stock markets last week, Qatar was the only nation to see a decline in its index by 0.28%. Despite this setback, Saudi Arabia recorded an impressive increase of 0.8% and closed at 12,352 points on the market index while Kuwait experienced a moderate rise of just over one percent to end at approximately seven thousand dollars per share on Friday afternoon (7:39pm local time). Additionally, Bahrain posted a strong showing with an increase of more than half a percent for their General Index which helped them close out the week on high note at around two thousand dollars per share while Oman’s Muscat Stock Exchange index soared upwards by nearly one and half percent with many experts forecasting further growth as we move into next month (June)