The Gulf Cooperation Council countries saw mixed stock performance on Wednesday after the Eid al-Adha holiday. While trading was suspended in Saudi Arabia, other markets in the region showed varying degrees of growth. In the UAE, both Abu Dhabi and Dubai market indices increased by 0.41% and 0.11%, respectively, with total trades amounting to 794.147 million dirhams and 164.5 million dirhams, respectively.
Meanwhile, the Kuwait Stock Exchange experienced a decline of 0.39% in its general market index, with trade volume totaling 177.4 million shares valued at 48.11 million dinars. Bahrain’s Bahrain General Index dropped by just 0.04% to reach a total trading volume of around 442,089 shares valued at about 107,066 dinars. In Qatar, the Qatar Stock Exchange index rose by just over 2%, reaching a total trading volume of around 313 million riyals.
Oman’s Muscat Stock Exchange index fell slightly by about 5%, with a trading volume of roughly 7 million shares valued at nearly 2 million riyals each day before the holiday began.
In Egypt, trading remained suspended for Eid al-Adha holiday as it does every year at this time.
Overall, while some markets in the Gulf region showed positive growth following the holiday break, others experienced declines or stagnation in their performance.
Work is set to resume on Sunday, June 23rd for several markets that were closed during Eid al-Adha holiday including Saudi Arabia and Egypt which will resume its operation on that date as well.
It is worth noting that all these markets are closely monitored by investors who pay close attention to any developments or changes that may affect their investments in these regions.
As always it is important to keep an eye on such developments when investing and make sure to have a diversified portfolio to minimize risks associated with any specific market trends or events happening globally or regionally!
