On September 23, 2025, Gulf stock markets experienced a downturn as investors processed recent interest rate cuts by regional central banks, following the U.S. Federal Reserve's decision to lower its benchmark rate by 25 basis points. The Fed's cautious stance on future policy adjustments contributed to investor uncertainty.
Dubai's main index declined by 1.1%, with significant losses in toll operator Salik (−3.7%), Emaar Properties (−1.4%), and Emirates NBD Bank (−2.4%). Abu Dhabi's index decreased by 0.3%, weighed down by declines in bank and tech stocks, including Abu Dhabi Commercial Bank (−1.7%) and Presight AI (−1%). Qatar's index fell by 0.4%, with Qatar National Bank experiencing a 3% drop, marking its steepest decline in over three months. The Saudi market remained closed for National Day.
Conversely, Egypt's EGX30 index gained 0.3%, supported by robust performance in Eastern Company and news of Credit Agricole's acquisition. Investors are now looking ahead to the Q3 earnings season, commencing with Qatar National Bank on October 7.
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