2023-09-08 13:24:20
normal
September 8, 2023
17:24 pm
Gulf stocks ended the week’s trading mixed, with oil prices fluctuating following extending the voluntary reduction in production by Saudi Arabia and Russia and the economic slowdown in China, the second largest economy in the world. The Saudi market index ended last week’s trading with a decline of 2.4%, closing at 11,216 points, compared to the previous week’s close at 11,491 points.
In Kuwait, the Premier Market Index declined marginally by 0.05% to close weekly trading at 7,691.23 points, down 3.92 points from its level at the end of the previous week. On the other hand, the “Main Market 50” index rose 0.73%, ending the week’s trading at 5675.18 points.
In Bahrain, the Bahrain General Index ended the week’s trading with a decline of 0.05% to the level of 1941 points. In Qatar, the general stock index ended this week’s trading with an increase of 0.96% at 10,237.64 points, compared to its level in the week ending the previous August 31.
In the Sultanate of Oman, the general index of the Muscat Market ended the week’s trading, with a decline of 2.27%, closing at the level of 4690.02 points. Outside the Gulf region, the Egyptian Stock Exchange index ended the week’s trading with an increase of 3.46%, closing at 19,375.68 points.
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