The UAE stock markets experienced volatility on the last trading day of the week. The Dubai stock market was slightly higher, rebounding and showing potential for further gains as Q3 earnings results have been positive.
The Abu Dhabi stock market followed in the same direction. However, lower oil prices could continue to weigh on sentiment. Ongoing geopolitical tensions in the region also influenced the market, limiting potential gains.
The Saudi stock market concluded the week on a negative note as investors remained uncertain, awaiting key earnings results due over the next two weeks. These results are expected to significantly influence the market’s trajectory.
On a more positive note, the Qatari stock market finished the week with substantial gains, reaching new highs for the year. This bullish momentum, driven by positive Q3 earnings, may continue to propel the market upwards.
In contrast, the Egyptian stock market ended the week negatively, marking its second consecutive week of losses. Despite these challenges, the Egyptian Central Bank has maintained its interest rates steady as part of its inflation control measures and in response to the latest economic indicators.
By Ahmed Negm Head of Market Research at XS
... Mixed Performance in Middle East Markets This Week ... Investors King.
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