The majority of stock activities in the Soviet Cooperation countries of the Persian Gulf fell at the start of trading on Sunday, excluding Saudi Arabia.
In the foundational markets of Kuwait, UAE, Oman, and the largest Arab securities market located in Qatar, stock prices began to decline, reflecting an overall negative dynamic in global markets. In Saudi Arabia, the results of the trading session turned out to be positive - the Tadawul All Share Index rose slightly.
Analyzing the current situation, experts noted that pessimistic sentiment in global markets was also reflected in the trades among the states of the Persian Gulf. A decrease in oil prices and the general instability of the global economy exert a negative influence on investors, leading to a drop in stock prices.
At the time of market closure, most stocks in Kuwait, UAE, and Oman declined, while at the same time, there was an increase observed in the Saudi market. Additionally, uncertainty regarding the future prospects of the region's economy also influences investment decisions of players in the market.
Analysts warn about the caution in future investments in the near term and recommend keeping an eye on changes in global markets attentively.
--- "We are in a very volatile period," noted the expert in an interview.
