Gulf stock indexes drop in May, Dubai drops 5.3%

Economy and stock exchange

Gulf stock markets fell during the month of May ended, because of the trend of investors to sell stocks driven by instability of the geopolitical situation in the region, and the Saudi stock market was the highest in the loss ratio.

Qatar Exchange

The general index of the Qatar Exchange fell by 1% during the sessions of May, losing 103.79 points to close at 10273.01 points, with the decline of 6 sectors, and lost market capital by 16.3 billion riyals to close at 568.08 billion riyals.

The volume of trading on the Qatar Exchange was 439.51 million shares during the month of May, worth 10.30 billion riyals, through the implementation of 194.07 thousand transactions, rose 16 shares, and 30 shares declined.

Six sectors headed the real estate sector with 17.17%, followed by Insurance [7.87%], Telecommunications [3.89%], Banking & Financial Services [2.50%], Transportation [1.74%], and Industrial [0.03%]. The goods are lonely by 0.18%.

Dubai Stock Exchange

The general index of the Dubai Financial Market declined by 5.3% to 146.77 points to close at 2620.33 points, the biggest monthly decline since November 2017. The market capitalization lost AED 13.99 billion to close at AED 348.60 billion.

On the Dubai bourse, 2.74 billion shares were traded at a total value of AED 3.67 billion in May.

Followed by the real estate sector [6%], transport and banking [5%], services [3.35%], and telecommunications [1.57%]. .

Bahrain Stock Exchange

The general index of the Bahrain Stock Exchange decreased by 0.03%, losing 0.4 points to close at 1433.52 points, under pressure of the banking and industrial sectors, while the market capitalization of KD 97 million to close at the level of. 8.891 billion dinars.

Bahrain's Commercial Banks sector led the decline by 0.12%, led by Ahli United Bank down 0.6%, followed by the Industrial sector that dropped 5.27%, with Aluminum Bahrain falling 5.4%, while the Investment sector rose 0.7% Arab Banking was down 2.3%, followed by Services that grew by 2.1%, driven by Bahrain Telecommunications Co. [4.93%].

Saudi Stock Exchange

The general index of the Saudi stock market, TASI, dropped by 8.47%, losing 787.7 points to close at 8516.48 points by the end of May, amid a collective decline of sectors.

The volume of trading on the Saudi Stock Exchange, 3.5 billion shares worth 109.97 billion riyals.

19 sectors in the Saudi bourse, led by the consumer services sector by 10.86%, followed by telecommunications sectors by 10.7%, banks by 8.83%, basic materials by 8.39%.

Kuwait Stock Exchange

Kuwait Stock Exchange [KSE] ended the month with a 1.81% increase to 101.67 points to close at 5731.67 points. The index rose 3.22% to 194.42 points and closed at 6242.24 points. Losing about 92.24 points to close at 4736.58 points.

The volume of trading on the Kuwait Stock Exchange during the month of May, 2.26 billion shares worth 617.14 million dinars through the implementation of 112.86 thousand transactions.