Mixed Stock Market Performance Across Gulf Cooperation Council Countries During Eid al-Adha Holiday

On Wednesday, after the Eid al-Adha holiday, stock performance varied across Gulf Cooperation Council countries. While the Saudi Stock Exchange was still on vacation, the UAE saw increases in both its Abu Dhabi and Dubai market indices. The Abu Dhabi market index rose by 0.41% to 8,969.44 points, with significant trades, while the Dubai market index also increased by 0.11% to 3,988.22 points.

Meanwhile, the Kuwait Stock Exchange’s general market index fell by 0.39% to 7,006.28 points despite significant trading volume. In Bahrain, the Bahrain General Index saw a slight decrease of 0.04% to 2040.01 points with relatively lower trading volume compared to other countries. On the other hand, the Qatar Stock Exchange index rose by 0.21% to 9686 points with a noticeable increase in market trading volume during Eid al-Adha holiday period.

Outside of Gulf region, Egyptian Stock Exchange also remained closed for Eid al-Adha holiday period and set to resume operations on Sunday, June 23, 2024 just like other Gulf markets.

In summary, while some Gulf markets saw slight decreases in stock performance during Eid al-Adha holiday period due to low trading volumes or continued vacation status of certain exchanges like Saudi Stock Exchange; others experienced increases in their indices with moderate or high trading activity levels such as UAE and Qatar markets.