GCC markets move sideways amid uncertainty

29/06/2016 02:21 AST

The GCC’s equity markets moved less than one per cent on Tuesday, in much contrast with European markets that surged after stocks were hammered for two sessions following the UK’s vote to leave the European Union.

Saudi Arabia’s Tadawul index rose 0.24 per cent to 6,480.32, as Qatar’s QE index went up 0.52 per cent to 9,867.94 to bring its year-to-date decline to 5.38 per cent.

The Kuwait Stock Exchange index was also nearly flat, crawling up 0.17 per cent to 5,375.21, and the Bahrain Bourse index inched up 0.13 per cent to 1,114.11 bringing its year-to-date decline to 8.37 per cent.


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