June 2, 2023

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The Saudi stock index rose 0.35%, while the Kuwaiti stock index fell 0.12% Gulf newspaper



The performance of Gulf stocks varied on Monday, amid anticipation of US economic data, which will be issued this week, as well as the testimony of the US Federal Reserve Chairman before the House of Representatives on Tuesday and Wednesday.

The main Saudi stock index rose 0.35% to close at 10447.96 points, with transactions worth 4.2 billion riyals.

The volume of traded shares amounted to 168 million shares, in which the shares of 113 companies recorded an increase in their value, while the shares of 89 companies closed in decline.

The Saudi parallel stock index (growth) decreased by 60.08 points, to close at 18,899.29 points, with transactions worth 19.4 million riyals. The volume of traded shares amounted to more than 380 thousand.

The decline of the Kuwait Stock Exchange index

In Kuwait, the Kuwait Stock Exchange general index fell 0.12%, or 8.8 points, to reach the level of 7310.99 points.

103.8 million shares were traded through 7,977 cash transactions, at a value of 28.11 million Kuwaiti dinars (about 85.17 million dollars).

The main market index decreased by 0.40%, to reach the level of 5528.68 points, through the trading of 49.9 million shares through 2753 cash transactions, at a value of 4.6 million Kuwaiti dinars (about 13.9 million dollars).

The first market index decreased by 0.06%, to reach the level of 8166.75 points, through the circulation of 53.9 million shares through 5224 transactions, at a value of 23.4 million dinars (about 70.9 million dollars).

The (main 50) index decreased by 0.48%, to reach the level of 5691.27 points, through the trading of 46.8 million shares through 2436 cash transactions, at a value of 4.4 million dinars (about 13.3 million dollars).

The decline of the Muscat Stock Exchange index

In the Sultanate of Oman, the Muscat 30 stock index fell 0.42%, to close at 4833.15 points, compared to the last trading session, which amounted to 4853.36 points.

The trading value amounted to two million and 91 thousand and 764 Omani riyals, a decrease of 37.2%, compared to the last trading session, which amounted to 3 million and 332 thousand and 380 Omani riyals.

In Bahrain, the Bahrain Stock Exchange general index rose 0.08%, to 1,912.02 points. The Bahrain Islamic Index rose 0.23% to 659.23 points.

In Qatar, the Qatar Stock Exchange index rose 0.69% to 10,695.04 points, with the support of the sectors: transport, communications, real estate and industries.

During Monday’s session, 146,771,15 shares were traded, with a value of 411,490,333 riyals, as a result of the implementation of 14,604 deals in all sectors.

The Egyptian Stock Exchange index declined

Outside the Gulf region, the Egyptian Stock Exchange index fell 0.14% to 16,803.89 points. The EGX50 index fell 0.3% to close at 2912 points, the EGX30 weighted index fell 0.44% to close at 19907 points, and the EGX30 total return index fell 0.27% to close at 6918 points.

While the index of small and medium-sized companies, “EGX 70 of equal weights,” rose by 0.19%, to close at 3067 points, and the “EGX 100 index of equal weights,” rose by 0.01%, to close at the level of 4,534 points.

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