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Performance of Stocks in Gulf Cooperation Council Countries and Global Oil Concerns

The performance of stocks in the Gulf Cooperation Council countries varied, on Sunday, with oil falling 2% last week, due to concerns about global demand growth.

In Saudi Arabia, the main market index «TASI» rose 0.44% to 11501.42 points, through the trading of 151.135 million shares, with a value of 3.70 billion riyals.

Kuwait

The general index of the Kuwait Stock Exchange fell 0.34% to 7099.97 points. The volume of traded shares amounted to 113 million shares, through 6,705 cash transactions, at a value of 22.6 million Kuwaiti dinars.

The main market index fell 0.91% to 5,740.40 points, through the circulation of 56.3 million shares, through 2,700 cash transactions worth 8 million Kuwaiti dinars.

The first market index fell 0.19% to 7,808.81 points, through the trading of 56.7 million shares, through 4,005 transactions worth 14.6 million Kuwaiti dinars.

In parallel, the (main 50) index fell 1.26% to 5713.53 points, through the circulation of 41.9 million shares through 1848 cash transactions worth 7.2 million dinars (21.9 million dollars).

Bahrain and Qatar

In Bahrain, the Bahrain index rose 0.47% to 1961.75 points. The volume of shares traded amounted to 1.952 million shares, with a value of BD 870,954.42. While the Bahrain Islamic index fell 0.01% to 760.69 points.

In Qatar, the general index of the Qatar Stock Exchange rose 0.05% to 10,576 points. The trading volume in the market amounted to 331 million riyals, through the trading of 142.66 million shares through 10,958 transactions.

In the Sultanate of Oman, the general index of the Muscat Stock Exchange fell 0.26% to 4772.77 points, through the trading of 12.06 million shares, at a value of 6.88 million Omani riyals.

Outside the Gulf region, the main index of the Egyptian Stock Exchange, “EGX30”, rose 0.36% to 18,033 points. And the index of small companies «EGX70» gained 0.35% to 3641.45 points. The index of medium-sized companies «EGX 100» rose 0.3% to 5369 points.

2023-08-20 16:16:57
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