June 7, 2023


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A collective decline in Gulf stocks… and the Saudi market is violating it | Gulf newspaper

The majority of Gulf stocks declined, on Monday, with the exception of Saudi Arabia, with the continuation of banking concerns and their reflection on stock markets, as well as the decline in oil prices. In Saudi Arabia, the Saudi market index «TASI» rose 0.59% to 10,218.12 points. The MT30 index rose 0.69% to 1,386.65 points. The parallel market index (upper limit growth) «NomuC» declined by 0.05% to 18,968.30 points.
In Kuwait, the general index of the Kuwait Stock Exchange decreased by 0.69%, to reach the level of 7013.14 points. 125.8 million shares were traded through 9,808 cash transactions, at a value of 39.9 million Kuwaiti dinars (about 120.8 million dollars). The main market index decreased by 0.38%, to reach the level of 5424.06 points, through the trading of 31.18 million shares through 2024 cash transactions worth four million Kuwaiti dinars (about 12.12 million dollars). The first market index decreased by 0.77%, to reach the level of 7795.21 points, through the trading of 94.6 million shares through 7784 transactions, at a value of 35.8 million Kuwaiti dinars (about 108.4 million dollars). The (Main 50) index decreased by 0.19%, to reach 5563.73 points, through the circulation of 30.15 million shares through 1747 cash transactions, at a value of 3.8 million Kuwaiti dinars (about 11.5 million dollars).

  • Qatar index declined

In Qatar, the general index of the Qatar Stock Exchange decreased by 1.32%, to reach 9778.27 points. During today’s session, 123.413 million shares were traded, at a value of 377.87 million riyals, as a result of the implementation of 16,259 transactions in all sectors.
In the Sultanate of Oman, the Muscat Stock Exchange index «30» fell 0.24% to the level of 4860.01 points, compared to the last trading session, which amounted to 4871.82 points. The turnover amounted to 3.78 million Omani riyals.
In Bahrain, the Bahrain General Index decreased by 10.65 points to the level of 1,886.35 from the previous closing rate, due to the decline in the basic materials sector index, while the Bahrain Islamic Index closed at the level of 656.63, with an increase of 0.54 points from its previous closing rate. The volume of shares traded for today amounted to 2.661 million shares, with a total value of 852,963 Bahraini Dinars, which were executed through 97 transactions.
Outside the Gulf region, the Egyptian market index «EGX30» rose 1.65% to 14,923.81 points. The EGX 50 index rose 2.66% to 2,579.76 points. (agencies)