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Arab stock exchanges mixed on August 3

Arab stock exchanges mixed on August 3

The Arab stock market experienced mixed performance in the indices during Monday's trading sessions. Egypt's main index, the EGX 30, declined by 0.35% to close at 54,094 points, despite the share of GlaxoSmithKline rising by 20%. Conversely, the stock exchanges in Saudi Arabia, Kuwait, Dubai, and Abu Dhabi closed higher, with the Saudi Market Index ("TASI") up by 1.10%, reaching 10,823 points. Dubai Financial Market also increased by 1.42%, closing at 5,878 points, while the Abu Dhabi Index rose by 0.26%, closing at 9,940 points. These changes indicate an improvement in the performance of Gulf markets, whereas the Egyptian market experienced a decline, with mixed outcomes among the stocks with larger weights.

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