Friday, 22 September 2023 07:25 GMT

GCC shares end November worst in a year as TASI remains below 11,000 level

(MENAFN) The equity markets in the Gulf Cooperation Council area were pushed to the worst in one year during last month, as Saudi Arabia’s benchmark index decreased 6.6 percent under the 11,000 mark, as shown by a report by Kamco Invest.

TASI dropped under 11,000 on the 21st of November and has been soaring below that mark since then.

Last month, Arabian Drilling Co. came higher than the TASI chart with a surge of 18.0 percent shadowed by Abdul Mohsen Al-Hokair Tourism and National Co. for Learning and Education with risings of 17.4 percent as well as 16.2 percent, individually.

On the falling side, Middle East Paper Co. led with a drop of 26.8 percent shadowed by Rabigh Refining and Petrochemical Co. and Fitaihi Holding Group with decreases of 24.9 percent and 24.3 percent, individually.

As mentioned in the report, Kamco Invest pointed out that Oman was the highest gaining market last month adding 5.7 percent, and in the second place comes Kuwait and Abu Dhabi where shares increased 3.6 percent as well as 1.3 percent individually.


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