80% of the Gulf financial markets closed their trading today, on the discrepancy of the rise of three exchanges led by Kuwait, at a time when four exchanges led by the Emirate of Dubai fell.
The index of the UAE capital, Abu Dhabi Securities Exchange, decreased by 0.84% to 4,332.28 points, and the Dubai Financial Market Index fell by 1.82% to 2124.63 points.
The Qatar Stock Exchange also fell by 0.62% to 9258.04 points, with shares falling Medical 6%, Gulf International 5%, and leasing 2.6%.
For its part, the Muscat Stock Exchange fell 0.40% to 3523.35 points, with Al Maha Petroleum Products Marketing shares down 7.2%, Julphar Engineering and Contracting 7.1%, and Muscat Insurance 7%.
While the Bahrain Stock Exchange rose by 0.30% to 1281.11 points, with shares of "IBM Terminals" Bahrain rising 10%, and Ahli United Bank 0.8%.
And the Saudi Stock Exchange increased by 0.40% to 7329.38 points, with the rise of the Saudi French Bank 2%, Al-Rajhi Bank 0.4%, and Aramco 0.2%.
The first market index in Kuwait also rose 1.17% to 5628.10 points, the main market index rose 0.51%, and the general market index 0.99%.
This discrepancy in the Gulf exchanges is due to the decline in oil prices as a result of Saudi Arabia's announcement that it will halt its current voluntary cuts from early July.
Today, Wednesday, Brent crude futures for August delivery, fell 1.15%, or $ 0.47, to $ 40.33 a barrel.
US West Texas Intermediate crude, July delivery, fell 0.73%, or $ 0.28, to $ 37.91 a barrel.