The Gulf’s stock market picked up in the first week of February, continuing the trend which started the previous week. In the week of 31 January, Dubai’s stock market increased by 7.04% while Abu Dhabi’s surged by 5.89%. Muscat’s capital market witnessed a 4.46% increase while Qatar’s rose by 4.44%. Kuwait’s stock market followed, increasing by 3.75%. A minimal increase was recorded in Saudi Arabia’s market, which inched up by 1.58%
The week of 24 January ended with a notable appreciation in the Gulf’s stock market with Dubai’s growing by 8.97% and Qatar’s following closely behind with an 8.01% increase. Saudi Arabia’s market saw a 7.62% increase while Abu Dhabi’s market rose by 4.64%.
However, the market’s performance in January suffered from an overall decline, influenced by the drop in oil prices.