Gulf Markets in Qatar and Kuwait Open Week Cautiously Amid Oil Pressure and Dollar Trends
Gulf markets begin the week cautiously, with limited declines in Kuwait and Qatar due to oil price pressures and a strong dollar.
Gulf stock markets opened the week with a mixed and cautious performance, showing limited declines in both the Kuwait Stock Exchange and Qatar Stock Exchange. This was influenced by pressures stemming from falling oil prices and the continued strength of the dollar, alongside investors awaiting clearer indicators regarding global monetary policy.
In Kuwait, the Premier Market Index fell by 0.42%, reaching 9,673.82 points, while the All-Share Index dropped by 0.32% to 9,054.14 points. Conversely, the Main Market Index rose by 0.16% to 8,359.74 points, supported by selective gains in some mid-cap stocks.
In Qatar, the General Index saw a slight decline of 0.01% to 10,854.76 points. The cautious performance was affected by factors including the drop in Kuwait's oil price to approximately $60.94 per barrel and the continued strength of the US dollar.
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