Mubasher: GCC stock markets showed varying performance during Wednesday’s session.
Bahrain and Egypt bourse closed today on celebrating Prophet Mohammed’s Birthday. Meanwhile, bourses in the UAE, Kuwait and Muscat will be officially closed tomorrow on marking the occasion.
Dubai Financial Market slipped on Wednesday, amid selling pressures from major sectors. The benchmark index shed 0.31% or 9.76 points to close at 3,137.32 points.
Meanwhile, Abu Dhabi Securities Exchange (ADX) moved higher, thus extending a bull run to the sixth successive day. The main index rose by as much as 0.77% or 32.58 points to close at 4,241.73 points.
Saudi Stock Exchange (Tadawul) lost as much as 1.6% or 112.9 points to close below the 7,000 level at 6,934 points. The market was pressured lower by leading sectors
Qatar Exchange (QE) extended its rise for the second straight day, with the benchmark adding 0.42% or 42.39 points to reach the 10,217.19 level.
The benchmark index of Kuwait Stock Exchange (KSE) retreated 0.08% or 4.7 points to 5,619.98 points. The weighted index gained 0.15% or 0.6 points to settle at 380.98 points. Also, the Kuwait-15 index rose by 0.26% or 2.4 points to reach 902.52 points.
The Muscat Securities Market’s (MSM) benchmark index closed on green zone, extending its gains for the third day in row. MSM 30 went up 0.02% or 1.31 points to close at 5,419.32 points. Sharia Index edged up 0.01% to close at 863.22 points.
