On Tuesday, a diverse trend was observed in the stock markets of countries of the Soviet Union in cooperation with the Arab states of the Persian Gulf. In Kuwait, the market index rose by 0.55% to 7622.59 points. At the same time, the Bahrain market index fell by 0.12% to a level of 1,904.07 points with a trading volume of 108,507 dinars. In the United Arab Emirates, the index of the Abu Dhabi stock exchange increased by 0.11% to 9517.10 points, while the index of the Dubai stock exchange rose by 0.46% to 5220.26 points.
The price index for real estate "فاليورست" increased by 31.6% for villas and by 23.6% for apartments. The Qatar Stock Exchange showed a decrease of 0.002% to a level of 10,507.28 points with a turnover of 482.191 million rials. Sales of ready-made apartments increased by 12.3%, while sales of real estate under construction projects grew by 76.4% compared to 2023.
The index of the Abu Dhabi stock exchange rose due to the increase in the value of Globalia Holding shares by 0.39%, Alfa Abu Dhabi by 0.32%, and Americana by 4.20%, thanks also to the stability of Multiplay and Adnoc Drilling. The most dynamically rising stocks were Sharjah Cement by 4.52%, Americana Restaurants by 4.20%, Bressay by 2.21%, Baladco by 1.68%, and IMDC Group by 1.05%. Construction contracts accounted for 68% of the total volume.
On the stock market of Saudi Arabia, the TASI index fell by 0.08% to 12369.63 points with trades totaling 6.9 billion rials. The strongest declining stocks were Dar Al Tawhid by 9.84%, Rabbakoo by 7.47%, and Ooredoo by 5%.
It is expected that the real estate market in Dubai should exclude exceptional results in 2024, exceeding all expectations with significant growth in the residential and commercial sectors. In Oman, the Muscat stock index "30" fell by 0.09% to 4612.71 points. It is noteworthy that all communities in the Emirates have reached their peak in the last 10 years, with some areas increasing their value for four years.
On the stock exchanges in the UAE, a diverse trend is described on a Monday. The index of the Abu Dhabi stock exchange increased significantly by 0.08% to 9507.04 points, while the index of the Dubai stock exchange fell by 0.30% to 5196.18 points, despite the achievement of the national Emirates NBD's new historical maximum at a margin of 22.3 dirhams, increasing by 0.22%. Trading volumes amounted to 79 million dinars.
