The Gulf stock markets experienced a year-long increase on Thursday, despite fluctuations attributed to low oil prices and geopolitical tensions. The UAE’s Dubai and Abu Dhabi markets both closed in the green zone, with the Dubai market index rising by 0.85% to 4208.46 points and the Abu Dhabi market seeing a 0.18% increase to 9182.47 points.
In Saudi Arabia, the market index ended the session with a 0.3% increase at 12,502 points, with transactions totaling around 8.2 billion riyals. ACWA Power shares recorded a significant increase of 4% to 436.40 riyals, while SABIC shares fell by 1% to 80.90 riyals.
The Kuwait Stock Exchange closed trading with a 1.26% increase to 6997 points, with transactions amounting to 83.7 million Kuwaiti dinars. The main market index rose by 0.06% to reach 5835.53 points, while the primary market index increased by 1.51% to