Last week, most of the Gulf Cooperation Council countries reported positive stock market performance. In Saudi Arabia, the market index rose by 0.8%, finishing at 12,352 points. Similarly, Kuwait saw an increase in its general market index, up by 0.16% to close at 7,033.48 points. Bahrain’s Bahrain General Index also experienced a gain of 0.58%, ending at 2,028.59 points.
While these gains were widespread across the GCC nations, there was one exception: Qatar’s stock index declined by 0.28% during the week, closing at 9,610.80 points. Despite this slight decline, Qatar’s markets still performed relatively well compared to other nations in the region.
On the other hand, Oman’s stock market saw a positive performance last week with the Muscat Stock Exchange index rising by 1.27%. This gain represents a significant improvement from recent weeks and reflects growing optimism about the country’s economic future.
Overall, while there were some fluctuations in stock market performance across the GCC countries last week, most markets showed strong growth and resilience in the face of global economic challenges. As each nation continues to pursue its own unique economic strategies and priorities, it remains to be seen how these markets will perform in the coming weeks and months.