Performance of Gulf stock markets varied over the past week. The Kuwait Stock Exchange (KSE) rose by 1.29%, recording an average daily trade volume of KD 7.236m. The Qatar Stock Exchange (QSE) followed in second, having closed at 10,652.3 points and an average trade volume of QR 181.6m per day. The Muscat Securities Market (MSM) …
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The Abu Dhabi Securities Exchange (ADX) came in second place, increasing by 4.21%, while the Saudi Stock Exchange (Tadawul) followed, climbing by 4.01%
EGX trading data reveals that 27% of the index shares fell below the nominal value, creating a promising opportunity for long-term investment
Saudi Arabia’s market was the hardest hit, losing 9.93%, followed by Qatar with 6.35%, while Dubai’s financial market lost about 5.86%. Further, Abu Dhabi lost 4%, Kuwait shed 2.49%, and Muscat declined by 0.76%.