GCC stock markets experienced gains on Monday, with the Saudi index leading the way thanks to impressive corporate results. The Dubai market index also rose, supported by gains in the communications, industry, and finance sectors. Shares of SALIC and Mashreq Bank increased, contributing to the overall positive trend.
In Abu Dhabi, the market index rose for the second consecutive session, driven by notable gains in Abu Dhabi Islamic Bank and Aldar Properties. Aldar Properties reported a significant increase in net profit, leading to a 4.1% rise in their shares, marking one of the largest daily increases in nearly six months.
The Saudi Arabian stock market ended a five-session losing streak on Monday, with the Saudi index rising by about 1.1%. Companies such as Al Rajhi Bank and Saudi National Bank saw gains following positive earnings reports. In Kuwait and Bahrain, stock markets also experienced gains, with notable increases in trading volume and value.
The Qatari stock market saw gains for the second consecutive session on Monday, led by Qatar Islamic Bank and Industries Qatar. Qatar Gas Transport also reported an increase in net profits, contributing to the positive performance of the Qatari index. In Oman, the Muscat Stock Exchange index rose while Egypt’s stock market ended with losses after four consecutive sessions of declines.
Overall, stock markets across GCC countries showed positive momentum driven by strong corporate results and increased investor confidence
