On Tuesday, the performance of stocks in Gulf Cooperation Council countries was mixed. In the UAE, the Abu Dhabi market index rose 0.045% to 9067.42 points, while the Dubai market index fell 0.11% to 4155.77 points. The Saudi Arabian stock market saw its main index, TASI, rise 0.2%, recording gains for the second session in a row but losses for the second month in a row.
The Saudi Mining Company “Maaden” made an announcement about plans to acquire a stake in the Mosaic Fertilizer Manufacturing Company through an offering of shares worth approximately $1.5 billion. This move will enable Maaden to produce phosphate through a joint venture with Mosaic Fertilizer Manufacturing Company.
In Kuwait, the general index of the Kuwait Stock Exchange rose 0.12% to 7,051.05 points with a trading volume of 226.6 million shares through 15,269 cash transactions worth 52.2 million dinars. Bahrain’s general index also rose by 0
