Most of the GCC stock markets closed the session today, May 19, on a negative note, dragged by the Saudi Exchange (Tadawul), which shed 2.3%. The Qatari market came in second place, sliding 2.2%.
Global stock markets closed significantly lower on May 18, led by the US, amid concerns of a possible economic recession, with the continued rise in prices and the Federal Reserve's attempts to increase interest rates to curb inflation.
On the other side, Oman’s MSX 30 Index (MSX30) ended slightly higher, as the following table shows:
|
Performance of GCC Markets |
||
|
Market |
Performance |
Change% |
|
Saudi Arabia |
12428 |
(2.3%) |
|
Dubai |
3390 |
(1.4%) |
|
Abu Dhabi |
9846 |
(0.6%) |
|
Kuwait |
8696 |
(1.4%) |
|
Qatar |
12730 |
(2.2%) |
|
Oman |
4157 |
0.01% |
|
Bahrain |
1922 |
(2.1%) |
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