Gulf financial markets closed higher, except for Bahrain

Most of the Gulf indices closed on Monday, with a strong start to the week, with the exception of the Bahrain Stock Exchange, which closed lower.

The general index of the Saudi capital markets TASI closed with an increase of 1.21%, as it achieved 12808 points, with a value of 5.5 billion riyals, which were implemented through 155.3 million deals through the circulation of 144.7 million shares. Holding Company by 5.11% and Bupa Arabia by 4.59%. The number of losing companies reached 59 companies, led by Glass, with a loss of 2.86%, Saudi Cement by 2.81%, Emaar by 2.23% and HSBC MT30 Index by 1.92%.

The Kuwaiti stock market closed with a slight increase of 0.18%, achieving 8,493.67 points, with a trading volume of 64.3 million shares, with a value of 30.1 million Kuwaiti dinars, as 31 companies rose and 66 companies decreased, and the most prominent increases were educational companies, cooler, Arzan, Salboukh, and the most prominent declines were Safat, Sands, Energy House and Cleaning.

In Qatar, the general index of the Qatar Stock Exchange closed at an increase of 1.34%, achieving 12,977 points, during the circulation of 104.09 million shares, with a value of 440.2 million Qatari riyals, as 29 companies rose and 14 companies decreased. And Ooredoo with 3.48%, and the most prominent low companies were led by Al-Ahly with 3.58%, Medical with 2.26%, Business with 1.67% and Dalalah with 1.18%.

The Muscat Stock Exchange closed with an increase of 0.28%, achieving 4,135 points, with 7.05 million shares traded at a value of 979.5 thousand Omani riyals, as 6 companies were led by Sembcorp Salalah by 9.86%, Phoenix Energy by 2.04%, National Life and General Insurance by 1.24%, and Oman Investments and Finance by 0.70%. 9 companies lost, and the main losers were Al-Batinah Energy by 2.04%, Al-Anwar Ceramic Tiles by 1.36%, Al-Anwar Investments by 1.15%, and Al-Sharqiya Investments by 1.04%.

The Bahrain Stock Exchange indices also decreased by 0.10%, achieving 1901 points, with a trading volume of 4.3 million shares, with a value of 673.3 thousand Bahraini dinars. One company, Bahrain Telecommunications Company – Batelco, increased by 0.20%, and 3 companies, namely Seef Properties, decreased by 3.03% and GFH Group by 1.64. %, Bahrain and Kuwait with 0.62%.

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