Mubasher: The performance of the Gulf stock exchanges varied at the end of today’s session, following the OPEC Plus group’s decision to cut production to boost oil prices following their recent decline.
The Organization of the Petroleum Exporting Countries (OPEC) and its allies led by Russia, the so-called “OPEC Plus” alliance, have agreed. on a limited production cut It is 100,000 barrels per day.
The Saudi market index “TASI” declined by 0.87%, reaching 11,994.72 points, with Aramco’s share falling 0.93%, coinciding with the decline in Brent crude futures prices by 2.74% to $93.12 a barrel.
In the UAE, the Dubai Financial Market halted losses for four consecutive sessions, bringing its index up by 1.24%, with the leading share of Emaar Properties rising by 1.3%, following its sharp decline in the previous session, following a Archyde.com survey of expectations of a decline in housing market prices in Dubai.
While the Abu Dhabi Stock Exchange index fell 0.3% due to the decline in the shares of First Abu Dhabi Bank, the emirate’s largest bank, which fell 0.4%, and the share of ADNOC Distribution, which fell 2.3%.
In Qatar, the main index rose 0.13% to stop its decline for the eighth consecutive session, supported by the rise of Navigation share, which rose 4.8%, and Qatar Fuel Company by 2%.
In Kuwait, the main index of the stock exchange rose by 0.73% to reach 8,489.17 points, with the share of the Kuwaiti projects group rising 5.3%, the share of Kuwaiti industries 3%, and the investments of 2.16%.
In the Muscat Securities Market, the general index fell by 1.63% to close at 4544.54 points, with the leading shares of Oman and the UAE falling by 4.44%, and the leading Sohar International declining by 3.7%.
On the other hand, the Bahrain Bourse ended Tuesday’s trading, where its general index rose by 0.04%, reaching 1920.94 points, with the share of Alba increasing by 0.45%.
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