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    GCC equity markets bounced back in June

    Golf Cooperation Council’s equity markets recorded a positive performance last month, led by the UAE and Saudi Arabia.

    From the NewsroomBy Updated:1 Min Read
    A trader stands below a big screen at the Dubai Financial Market in the Gulf emirate on January 6, 2020, as Gulf bourses were hit by a panicky sell-off amid Iranian vows of retaliation over the US killing of a top general. - All seven bourses in the Gulf Cooperation Council (GCC) states closed in the red, on the first trading day since the death of powerful military commander Qasem Soleimani. (Photo by Karim SAHIB / AFP)

    São Paulo – Gulf Cooperation Council countries’ equity markets bounced back in June, Saudi newspaper Arab News reported in its website on Monday (3).

    The United Arab Emirates and Saudi Arabia were the top performers, according to a Kamco Invest report.

    The UAE’s Dubai Financial Market was the best-performing market in the GCC in terms of index closings with a monthly increase of 6%, followed by Saudi Arabia’s Tadawul All Share Index with a rise of 4%.

    Kuwait’s market came in third with a 3.4% month-on-month increase, followed by Oman’s, with a 3.1% incline. Equity markets in Qatar and Bahrain reported declines of 0.8% and 0.3%, respectively.

    Translated by Guilherme Miranda

    PUBLICIDADE
    ©Karim Sahib/AFP

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