Gulf markets plunge last week, save Saudi Arabia

6/4/2016 12:05:35 PM

(MENAFN- Daily News Egypt) The Arab Gulf stock markets experienced a collective decline over the past week with the exception of Saudi Arabia, which rose by 0.1% and closed at 6,488.8 points with an average daily trading value of 3.319bn riyals.

The DubaiFinancialMarket led the region-wide decline by 2.63%, recording 3,263 points at closure, with an average daily trading value of AED 353.493m.

Qatar Stock Exchange also declined by 1.89% and settled at 9,532.6 points, with an average daily trading value of 177.018m riyals.

Muscat Securities Market fell by 1.6% to reach 5,820 points with an average trading value of 3.538m riyals.

Abu Dhabi Securities Exchange fell slightly by 0.67% and closed at 4,279.3 points, recording an average daily trading value of AED 196.525m.

Kuwait Stock Exchange ended its trading last week at 5,372 points, registering a decline of 0.36%, with an average trading value of 11.898m dinars.

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