The majority of stocks in the Gulf Cooperation Council countries declined on Wednesday, with the exception of Saudi Arabia.
In the UAE, the Abu Dhabi market index fell 0.466% to 9209.48 points, and the Dubai market fell 0.68% to 4240.05 points.
The main market index (TASI) on the Saudi Stock Exchange rose 1.17% to 12,622.22 points, through the trading of 279.11 million shares worth 8.30 billion dirhams.
The highest increase was Salama 6.61%, Jabal Omar 6.32%, Saudi Tubes 6.15%, Advanced 6.03%, and Gulf Training 5.82%, compared to a decline in Sinomi Retail 8.40%, Savola Group 3.27%, Saudi Cables 2.65%, SADAFCO 2.61%, and Flour Mills. Modern 2.28%.
The general market index on the Kuwait Stock Exchange fell 1.31% to 7,271.82 points, through the trading of 137.54 million shares, worth 45.90 million dinars.
The highest increase was: housing 6.15%, Dalqan 5.88%, Thuraya 5.385, Wethaq 5.14%, Energy House 4.50%, compared to a decrease in allocation 8.95%, Maidan 7.14%, UPAC 5.78%, Amar 4.99%, and Maaden 4.89%.
Based on the Council of Ministers’ decision to suspend work in all ministries, government agencies, public bodies and institutions on Thursday, April 4, 2024, the Kuwait Stock Exchange announced the suspension of its work on Thursday, with work to resume as of Sunday, April 7, 2024.
The Bahrain General Index fell 0.36% to 2,022.04 points, through the trading of 972,063 shares, with a value of 163,229 dinars.
The highest increase was Bahrain Commercial Facilities Company 6.82%, Delmon Poultry 2.63%, compared to a decline in Bahrain Islamic Bank 3.33%, Bahrain National Holding 2.37%, Al Salam Bank 1.92%, Kuwait Finance House 1.53%, Bank of Bahrain and Kuwait B.S.C. 1.01%.
The Qatar Stock Exchange index fell 1.05% to 9691.93 points, and the market trading volume reached approximately 493 million riyals.
The highest increase was: Industries Qatar 1.23%, Gulf International Services 1.09%, Qatari German Medical Supplies 0.93%,
Qatari Investors Group 0.78%, United Development Group 0.73%, compared to a decline in Ooredoo 4.57%, Mannai Companies Complex 3.96%, Qatar Insurance 3.26%, Miqdam Holding Group 2.95%, Enmaa 2.31%.
The Muscat Stock Exchange index fell 0.19% to 4,663.468 points, through the trading of 16.29 million shares worth 2.55 million riyals.
The highest increase was: Oman Investment Bond 17.28%, A’Saffa Foods 9.84%, Voltamp Energy 9.68%, Oman Arab Bank 8.33% and Barka Water and Energy 7.88%, compared to a decline in government development bonds 9.09%, National Mineral Water 6.67%, Al Nahda Services 4.29%. Oman and Emirates Holding 3.49%, Galfar Engineering and Contracting 2.50%.
Outside the Gulf region, the Egyptian Stock Exchange index “EGX 30” rose 0.01% to 27,937.22 points.
The highest increase was: Al-Gharbia Islamic Urban Development 10.04%, Golden Tex Wool 8.62%, Al-Ahly Development and Investment 7.93%, El-Sewedy Electric 6.44%, Atlas for Investment and Food Industries 5.52%, compared to a decline in the assets of ESB Securities Brokerage 11.11%, Kafr El-Zayat Pesticides and Chemicals. 8.84%, Contact Financial Holding 7.87%, Rubex International Plastic and Acrylic Manufacturing 7.49%, Medical Packaging 7.41%.
