The performance of Gulf stocks varied with the continuation of the US debt ceiling negotiations

The performance of stock markets in the Gulf Cooperation Council countries varied, on Wednesday, with the continuation of negotiations to raise the US debt ceiling, but without significant progress.

The main index in Saudi Arabia declined 0.4% at 11236 points for the fourth consecutive session, as a result of losses in almost all sectors on the index, led by financial institutions and health care companies.

In Kuwait, the Kuwait Stock Exchange index fell 0.04% to reach the level of 6755.19 points. And 148.4 million shares were traded through 9202 cash transactions, at a value of 35.3 million dinars.

And the main market index rose 0.07% to reach the level of 5399.80 points, through the trading of 51.4 million shares through 2482 cash transactions worth 6.77 million dinars.

The first market index decreased by 0.07%, to reach the level of 7452.32 points, through the circulation of 96.9 million shares through 6720 transactions, at a value of 28.5 million dinars.

Bahrain and Qatar

In Bahrain, the Bahrain General Index rose 0.56 points to 1,961.89 points, while the Bahrain Islamic Index fell 2.13 points to 719.64 points. The volume of shares traded amounted to 3.465 million shares, with a total value of 1.238 million Bahraini dinars, which were executed through 74 transactions.

The general index of the Qatar Stock Exchange decreased by 0.79%, to reach 10524.14 points. During the session, 278.352 million shares were traded, at a value of 700.524 million riyals, as a result of the implementation of 21,759 transactions in all sectors.

The Muscat Stock Exchange index rose 0.01% to the level of 4686.66 points. The turnover amounted to 2.806 million Omani riyals.

Outside the Gulf region, the Egyptian Stock Exchange indices recorded collective increases at the close of trading today, Wednesday, and the market capitalization of shares of companies listed on the stock exchange gained 16.8 billion pounds, reaching 1.106 trillion pounds, after total trading amounted to 1.9 billion pounds.

The main stock index, “EGX30”, ended its dealings with a rise of 1.8%, to reach 17,090.56 points. The index of small and medium stocks, “EGX70”, jumped by 0.61%, recording 3,084.69 points. The broader “EGX100” index increased by 0.89% to end Transactions are at the level of 4649.94 points. (agencies)