Gulf stocks collectively rise, excluding Saudi Arabia, while the Kuwait Stock Exchange is on holiday

Most stocks in the Gulf Cooperation Council (GCC) countries saw an increase on Sunday, at the beginning of the week’s trading session, with the exception of Saudi Arabia, where its index fell by 0.24%.

While the UAE markets were closed, the main market index of the Saudi Stock Exchange, “TASI,” fell by 0.24% to reach 12,604.59 points through the trading of 385.39 million shares valued at 6.63 billion Riyals.

In Kuwait, the Kuwait Stock Exchange closed its doors for the National Day and Liberation Day holidays, with operations set to resume on Tuesday, February 27, 2024. Meanwhile in Bahrain, the Bahrain All Share Index rose marginally by 0.05% to reach 2051.23 points, with a total of 728,596 shares traded, amounting to a value of 248,042 Bahraini Dinars.

The Qatar Stock Exchange index increased by 1.04% to reach 10,410 points, with the market trading volume approximately amounting to 746 million Qatari Riyals.

In the Sultanate of Oman, the Muscat Securities Market index rose by 0.16% to 4,578.14 points, through trading 18.94 million shares valued at 3.08 million Omani Riyals.

Outside the Gulf region, the Egyptian Stock Exchange index “EGX 30” fell by 5.01% to 27840.86 points.