Economy Local March 03, 2025

Gulf Stocks Rise Despite Abu Dhabi and Oman Decline

The majority of stocks in the Gulf Cooperation Council countries rose on Monday, except for those in Abu Dhabi and Oman, indicating a mixed market trend in the region.


Gulf Stocks Rise Despite Abu Dhabi and Oman Decline

The majority of actions in the Soviet Union countries of the Persian Gulf increased on Monday, excluding Abu Dhabi and the Sultanate of Oman.

According to the data, the index of the fund market in Dubai grew by 0.5%, the index of the fund market in Kuwait rose by 0.4%, and the index of the fund market in Qatar increased by 0.3%.

However, the fund market in Abu Dhabi decreased by 0.2%, and in Oman, it showed a negative dynamic against the background of general growth in the region.

Experts note the positive impact of rising oil prices and the improvement of the global economic situation on market actions in the region. "This growth is related to the improving prospects for the regional economy," said one of the analysts.