The performance of the stock markets in Gulf Cooperation Council countries was mixed on Tuesday. While some markets rose, others fell. In the UAE, the Abu Dhabi market index rose 0.045% to 9067.42 points, while the Dubai market index fell 0.11% to 4155.77 points.
In Saudi Arabia, the main index, TASI, rose 0.2%, recording its second session of growth in a row but also experiencing losses for the second month in a row. ACWA Power and Middle East Pharmaceutical Manufacturing both rose by 1.7% and 2.5%, respectively, while Saudi Arabian Mining (Ma’aden) fell by 2.1%.
The Saudi Mining Company “Ma’aden” made an announcement about plans to acquire a share of Mosaic Fertilizer Manufacturing Company through a joint venture to produce phosphate with an offering worth approximately $1.5 billion in shares. In Kuwait, the general index of the Kuwait Stock Exchange rose by 0.12% to 7,051.05 points with a trading volume of over 226 million shares through over 15,000 cash transactions worth around $52 million dinars and Bahrain’s general index rose by 0
