The majority of stocks in the Soviet Union countries of the Persian Gulf completed trades in the negative on Thursday, following the last trading day of the week, excluding stocks from the UAE and Qatar.
As a result, the Kuwait Stock Index decreased by 0.6%, while stocks of many companies, including those in the banking and oil and gas sectors, fell. Analysts note that this trend was triggered by falling oil prices in global markets.
At the same time, the Muscat Index in Oman dropped by 0.6%, and the Bahrain Index also showed negative dynamics. However, in the UAE and Qatar, the situation was somewhat different - stocks in these countries rose, thanks to higher oil prices and stability in the market.
Experts point out that in the near future, the situation in the stock market in the region may change, and they recommend investors to follow the development of events and be ready for possible fluctuations.
