The performance of the Gulf stock exchanges varied during the trading session of Sunday, the first session of the week, amid the rise of three stock exchanges in Saudi Arabia, Qatar and Muscat, while 3 others declined and Bahrain stabilized.
The Saudi Stock Exchange, the largest market in the Arab world, rose, with its main index “TASI” increasing by 0.73% to 11,352.86 points.
The rise in the Saudi market supported the growth of most sectors, with the basic materials sector leading by 1.47 percent, while “Applications and Technology Services” recorded the only decline by 0.38 percent.
The Stock Exchange of the UAE capital, Abu Dhabi, fell by 0.64% to 7774.81 points, and the decrease in the index came under pressure from the First Abu Dhabi Bank dropping 0.76 percent, and ADNOC Distribution 1.88 percent.
The Dubai Stock Exchange also decreased by 0.27 percent to 2832 points, amid a decline in the real estate and transportation sectors by 1.16 percent and 1.06 percent, respectively.
The Kuwait Stock Exchange stabilized after its first market index recorded 7516.82 points, while the general market index rose by 0.03 percent to 6878.03 points, and the “Boursa” came at the forefront of the rising shares by 2.11 percent.
The Bahrain Stock Exchange fell by 0.26 percent to 1698.08 points, and the declines were led by “Salam – Bahrain” shares by 1.22%, and “GFH” by 0.98 percent.
On the other hand, the Muscat Stock Exchange recorded a marginal increase of 0.04 percent to 3,928.51 points, and the shares of “Oman Refreshments” came the most by 19.92 percent, then “Oman National Engineering” by 3.3 percent.
The Qatar Stock Exchange index rose 0.65 percent to 11313.5 points, and “Qamco” shares led the gains by 3.14 percent, then “Mesaieed” by 2.34 percent, while Qatar National – the largest company listed on the market – recorded a decrease of 0.37 percent.