Gulf stock exchanges' weekly performance
Stock markets across the Gulf showed mixed performance at the end of the week, with the indices in Saudi Arabia, Dubai, Qatar, and Kuwait posting varying declines, while Bahrain and Muscat's markets gained. In Saudi Arabia, the TASI index closed down by 0.19% at 10,823.6 points, with trading values exceeding 4.4 billion riyals. Meanwhile, the parallel market index rose by 0.19%. The Bahrain Bourse closed slightly higher at 1,954.11 points, while the Dubai Financial Market, Qatar, and Kuwait experienced declines, with their indices falling between 0.24% and 0.63%. Outside the Gulf, the Jordanian stock exchange ended with a 0.51% increase. European markets saw limited gains amid anticipation of talks between Washington and Tehran, while Asian stocks rebounded supported by expectations about inflation and US interest rates, and gold prices rose as expectations for a US rate hike diminished.
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