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Gulf stocks fluctuate at close
The Gulf and Arab stock markets experienced mixed performances as trading sessions closed on Wednesday. Saudi Arabia, Qatar, the UAE, and Kuwait saw declines, while Bahrain and Jordan recorded modest increases. The Egyptian Exchange showed varied movements among different stocks. In the Saudi market, the main stock index closed down by 15 points at 10,440.64 points, while the parallel "Nomu" index rose by 20.22 points to reach 21,307.33 points. In the UAE, the Dubai Financial Market declined by 0.5%, Abu Dhabi’s FTSE index fell by 0.6%, and the Qatar Stock Exchange decreased by 0.67%. The Muscat Securities Market dropped by 0.16%, and Kuwait’s index fell by 0.21%. Conversely, Bahrain’s stock index experienced a slight increase of 0.05%. In Egypt, the market was characterized by fluctuations: the EGX30 index declined by 0.77%, while the small and medium-sized enterprises index rose by 1.11%. In Jordan, the market index closed up by 0.28%.
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