Today, most stock exchanges in the Gulf region recovered early losses and closed higher as investors focused on performance, ignoring concerns about tensions between the United States and Iran.
positive results
The main index of the Saudi stock market rose 0.8%. The Qatar index rose 0.1%, supported by a 1% rise in Qatar Islamic Bank shares. The Sultanate of Oman’s index rose 2.1%. The Kuwait Stock Exchange index rose 0.1%, while the Bahrain Stock Exchange index fell 0.1%.
Outside the Gulf region, the Egyptian Stock Exchange’s main stock index rose 1.6%.
“The results for the fourth quarter were generally positive, which shows that once the situation stabilizes, the market will regain the upward momentum seen earlier,” said Milad Azar, a market analyst at one of the specialist groups.
Most stock exchanges in the Gulf region closed higher today, making up for early losses as investors ignored concerns about tensions between the United States and Iran and instead focused on earnings.
positive results
The main index of the Saudi stock market rose 0.8%. The Qatar index rose 0.1%, supported by a 1% rise in Qatar Islamic Bank shares. The Sultanate of Oman’s index rose 2.1%. The Kuwait Stock Exchange index rose 0.1%, while the Bahrain market index fell 0.1%.
Outside the Gulf region, the Egyptian Stock Exchange’s main stock index rose 1.6%.
“The fourth quarter results are generally positive and indicate that once the situation stabilizes, the market will regain the upward momentum it experienced earlier,” said Milad Azar, market analyst at the specialist group.
