Mixed Performance in Gulf Stock Markets: An Overview of GCC Capital Markets on Tuesday.
On Tuesday, the stock market in Gulf Cooperation Council (GCC) countries showed mixed performance. While the Abu Dhabi market index rose 0.045% to 9067.42 points in the UAE, the Dubai market index fell 0.11% to 4155.77 points. In Saudi Arabia, the main index, TASI, rose 0.2%, recording gains for the second session in a row but losses for the second month in a row.
Meanwhile, ACWA Power and Middle East Pharmaceutical Manufacturing both saw positive growth of 1.7% and 2.5%, respectively, while Saudi Arabian Mining, known as Ma’aden, fell by 2.1%. In Kuwait, the general index of the Kuwait Stock Exchange rose 0.12% to 7,051.05 points with a trading volume of over 226 million shares through more than 15 thousand cash transactions worth over $52 million dinars.
Bahrain also experienced positive growth with its general index rising by 0.13% to about 2,029 points with a quantity of shares traded reaching over three million and total value of over one billion dinars executed through more than one hundred transactions
