Research Reports

Oil Rally Fuels Stock Markets in GCC

May, 2019

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Executive Summary

GCC markets posted positive gains in the month of April with Saudi Arabia leading the charts with handsome gains. Barring Oman, all other leading indices in the GCC region surged during the month of April. The positive momentum was supported by strong growth in corporate earnings particularly in banking sector and bullish rally in oil prices since the beginning of the year. In Kuwait, All Share index have now registered monthly gains in each of the four month of 2019.

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