Gulf stocks rose on Tuesday, in all of them, with the exception of Bahrain, amid anticipation of US Federal Reserve Chairman Jerome Powell’s testimony before Congress on Tuesday and Wednesday.
The main Saudi stock index rose 25.36 points, to close at 10473.32 points, with transactions worth 4.5 billion riyals.
The volume of traded shares amounted to 175 million shares, in which the shares of 77 companies recorded an increase in their value, while the shares of 132 companies closed in decline.
The Saudi parallel stock index (growth) decreased by 30.96 points, to close at the level of 1868.33 points, with transactions amounting to 101 million riyals, and the volume of shares traded amounted to more than 420 thousand shares.
The rise of the Kuwait Stock Exchange index
In Kuwait, the Kuwait Stock Exchange general index rose 0.23%, to reach the level of 7327.77 points. 98.9 million shares were traded through 7,665 cash transactions, at a value of 23.19 million dinars (97.5 million dollars).
The main market index decreased by 0.05%, to reach the level of 5525.80 points, through the circulation of 40.9 million shares through 2991 cash transactions worth 4.8 million dinars (about 14.5 million dollars).
The first market index rose 0.29%, to reach the level of 8190.51 points, through the trading of 57.9 million shares through 4674 transactions, at a value of 27.3 million dinars (about 82.7 million dollars).
In parallel, the (main 50) index decreased by 0.34%, to reach the level of 5672.11 points, through the trading of 36.16 million shares through 2569 cash transactions, at a value of 4.4 million dinars (about 13.3 million dollars).
In addition, the Muscat Stock Exchange index «30» rose by 0.21% at the level of 4843.38 points, compared to the last trading session, which amounted to 4833.15 points. The trading value amounted to one million and 470 thousand and 679 Omani riyals, a decrease of 29.7 percent compared to the last trading session, which amounted to one million and 91 thousand and 764 Omani riyals.
Bahrain’s general index declined
In Bahrain, the Bahrain General Index declined 0.06%, to reach the level of 1,910.95 points, and 376,564 shares were traded, with a value of 144,982.47 Bahraini dinars. The Bahrain Islamic Index fell 0.05% to 658.92 points.
The Qatar Stock Exchange index rose 0.26%, to 10,722.57 points. During today’s session, 153 million and 936 thousand and 236 shares were traded, with a value of 400 million and 388 thousand and 863,610 riyals, as a result of the implementation of 13,002 transactions in all sectors.
Outside the Gulf region, the Egyptian Stock Exchange index “EGX30” declined by 2.21% to reach the level of 16,432.56 points, and the “EGX50” index fell by 2.04% to reach the level of 2,853.04 points.
“NEOM” attracts investments of 21 billion riyals to build housing complexes for the project workers | Gulf newspaper
The performance of Gulf stocks varied amid expectations that the Federal Reserve would stop raising interest | Gulf newspaper
“Citi”: Reducing Saudi production will not cause an increase in oil prices between 80 and 90 dollars | Gulf newspaper