Most Gulf stock markets closed higher on Wednesday, with the Qatari stock index rising by 1%, continuing its gains from the previous session, led by increases in all sectors, particularly the industrial and financial services sectors. Qatar Islamic Bank's shares increased by 0.7%, and Qatar International Islamic Bank's shares rose by 1.5%, while Industries Qatar's shares jumped by 5.2%.
In Abu Dhabi, the index climbed by 0.6%, supported by a 5.4% surge in ADNOC Gas shares and a 2.8% rise in Alpha Dhabi Holding shares. Abu Dhabi Commercial Bank shares, the third-largest bank in the country, and First Abu Dhabi Bank shares, the largest lender in the UAE, advanced by 1.6% and 2.5%, respectively.
Dubai's main index continued to rise from previous sessions, closing up 0.4% with support from gains across most sectors. Emaar Properties shares increased by 1.6%, and Emirates Central Cooling Systems shares rose by 2.5%. The shares of Emirates NBD, the largest bank in the emirate, increased by 0.8%.
Meanwhile, the main index in Saudi Arabia declined by 0.1%, impacted by losses in the materials, health, and financial services sectors. Shares of Dr. Suleiman Al Habib Medical Group fell by 1.9%, and SABIC shares decreased by 1.2%. Al Rajhi Bank shares dropped by 2%, while shares of Al Mouwasat Medical Services surged by 10%.
