Abu Dhabi Stock Exchange Declines Before Eid al-Adha Holiday

The Abu Dhabi Stock Exchange closed down today, Monday, ahead of Eid al-Adha, while the leading Egyptian stock index rose after a drop of more than two percent the previous day. The Abu Dhabi index decreased by 0.3 percent, while the Egyptian index increased by 2.2 percent. Many investors prefer to hold onto liquidity rather than invest before the Eid al-Adha holiday, which lasts a week in Saudi Arabia and Qatar and at least three days in other Gulf countries. The Dubai index remained stable at 3,792 points, while the Bahrain index rose by 0.1 percent to 1,958 points. Additionally, the indices for Oman and Kuwait increased by 0.4 percent and 0.6 percent, respectively.