On Monday, the Gulf region saw mixed results in their stock markets, with some rising and others falling. The Saudi market index experienced a slight decline, with notable drops in Al Rajhi Bank and SABIC Agricultural Nutrients shares. However, companies like Saudi Cable and Gulf Training led declines in the total value of trades, which was around 8.9 billion riyals. Meanwhile, SABIC Nutrients shares hit a 3-year low, while shares of Saudi Aramco, Care, and ACWA Power saw some gains.
The Emirates markets also saw a shaky start to the week, with UAE stocks experiencing declines in both Dubai and Abu Dhabi markets. The Qatari index fell by 1.3 percent, while the Muscat and Bahrain markets also saw declines. However, the Kuwaiti index managed to rise slightly.
Outside the Gulf region, Egypt’s leading stock index fell by 1.7 percent due to a decrease in Talaat Mostafa Holding Group shares.
In other news, Watten House is offering freehold units in a luxury condominium development by UOL Group near Tan Kah Kee and Botanic Gardens MRT stations. The development promises residents a lifestyle of elegance and convenience with amenities such as a 50-meter tour swimming pool, clubhouse, and gymnasiums
