Global Stock Market Performance on Monday: Gulf Markets Mixed with Egyptian Exchange Takes a Hit

Performance of Gulf stocks varies; Saudi index drops 0.28%

On Monday, the Gulf Cooperation Council countries’ stock market performance was a mix of gains and losses. In Abu Dhabi, the market index rose by 0.103% to reach 9022.32 points, with trades totaling 945.78 million dirhams. Meanwhile, in Dubai, the market index fell by 0.29% to 4,000.25 points.

In Saudi Arabia, the TASI index dropped by 0.28% to 11,697.04 points, with trades amounting to 8.6 billion riyals and 292 million shares traded. Over in Kuwait, the general market index on the Kuwait Stock Exchange experienced a decline of 0.21% to 6,994.10 points, with a volume of shares traded of 138.6 million shares and a value of 34.9 million dinars through 12,530 cash transactions.

In Bahrain, the Bahrain General Index fell by 0.1% to 2,037.88 points, with trades worth approximately $791 thousand in shares that were traded through $241 thousand in transactions that occurred on Monday night.”

On the other hand, outside of the Gulf region; The main index of the Egyptian Stock Exchange (EGX) decreased by approximately -59% to reach its current value at $26,902$ .

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