On Monday, stock markets in the Gulf region experienced mixed results due to various factors, including geopolitical conflicts and uncertainty around the Federal Reserve’s monetary policy. The Saudi market index fell slightly, with notable drops in shares of Al Rajhi Bank and SABIC Agricultural Nutrients. In contrast, shares of Saudi Aramco, Care, and ACWA Power saw some gains.
Meanwhile, UAE stocks had a shaky start to the week as well. While the Dubai market closed down, the Abu Dhabi market also experienced a slight dip. The Qatari index fell by 1.3 percent, while the Muscat and Bahrain markets also saw declines. However, the Kuwaiti index managed to rise slightly.
Outside the Gulf region, Egypt’s leading stock index fell by 1.7 percent primarily due to a decrease in Talaat Mostafa Holding Group shares.
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