During the holy month of Ramadan, the Saudi Stock Exchange experienced the highest gains among Gulf stock markets. The stock index increased by 0.68% and closed at 12,705.42 points. In second place was the Bahrain General Index, which saw a 0.32% increase during Ramadan, closing at 2,022.31 points. The Abu Dhabi Market Index came in third with a 0.03% gain. However, not all Gulf stock markets experienced growth during this period as the Dubai market index saw a decline of 0.2%.
On the other hand, some Gulf stock markets suffered significant declines during Ramadan. The Muscat Stock Exchange index in Oman dropped by 1.32%, while the Qatar Stock Exchange index also experienced a decline of 3.03%. Kuwait saw the largest drop among Gulf stock markets, with its general market index on the Kuwait Stock Exchange declining by 3.30% to close at 7,187.13 points.
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In summary, while some Gulf stock markets experienced growth during Ramadan, others suffered significant declines due to various factors such as economic uncertainty and political instability in some regions of the Middle East. However, regardless of how well your business performed during this period or any other challenging times ahead, investing in professional services can help boost your visibility and attract more clients to grow your business successfully over time.
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