Arab Stocks Decline in Egypt, Rise Elsewhere
Arab stock markets experienced mixed performance during Sunday’s trading sessions. The Egyptian stock exchange declined by 0.95%, with the EGX30 index dropping approximately 514 points to close at 53,417 points amid selling pressure. Conversely, the UAE, Kuwait, and Jordan stock markets saw modest gains, with Abu Dhabi’s index rising by 0.71%, Kuwait’s index increasing by 0.48%, and Oman’s index up by 0.18%. This varied performance reflects ongoing caution among investors, amid anticipation of global market results, interest rate developments, and fluctuations in energy prices.
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