Gulf stock indices closed in the negative territory today, Aug. 4, coinciding with the losses incurred by oil prices and global markets on Friday.
During Friday's trading session, US markets fell as the 10-year bond yield dropped to its lowest level since December 2023, amid a frantic rush by investors to buy bonds, seeking a haven amid renewed fears of an economic recession.
Saudi Arabia’s benchmark Tadawul All Share Index (TASI) was the worst performer among GCC peers, plunging 2.4%.
Boursa Kuwait came second, falling about 2.2%.
Meanwhile, the Dubai Financial Market (DFM) and Abu Dhabi Securities Exchange (ADX) were closed today for the weekend. The following table shows the GCC markets’ performance today:
Gulf Markets’ Performance |
||
Market |
Level (Points) |
Change (%) |
Saudi Arabia |
11754 |
(2.4%) |
Kuwait |
7695 |
(2.2%) |
Bahrain |
1951 |
(1.0%) |
Qatar |
10057 |
(0.7%) |
Muscat |
4647 |
(0.4%) |
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}