The Gulf Cooperation Council (GCC) countries saw a 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 experienced an increase in its general market index, rising by 0.16% to close at 7,033.48 points. Bahrain had 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, Oman’s 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, with Qatar experiencing a slight decline in its general index.
Each country’s market had its unique performance reflecting the diverse nature of the region’s economies.
In conclusion, despite some fluctuations in their stock markets last week, most GCC countries experienced overall growth and stability in their economies.