During the holy month of Ramadan, the Saudi Stock Exchange saw impressive gains among the Gulf stock markets. The stock index rose 0.68% to close at 12,705.42 points, making it the top performer in the region. Just behind was the Bahrain General Index, which also experienced growth with a 0.32% increase and closed at 2,022.31 points. The Abu Dhabi Market Index followed in third place with a slight rise of 0.03%.
However, not all Gulf stock exchanges performed well during Ramadan. The Dubai market index declined by 0.2%, while the Muscat Stock Exchange index in Oman dropped by a significant 1.32%. The Qatar Stock Exchange index also saw a decline of 3.03%. On the other hand, the Kuwait Stock Exchange experienced the most substantial decline during Ramadan, with its general market index dropping by an alarming 3.3%.
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In conclusion, while some Gulf stock exchanges experienced growth during Ramadan, others declined significantly due to various factors such as market volatility and economic conditions. As businesses strive to remain competitive in today’s digital era, investing in professional services can be crucial to achieving long-term success online.
