The monthly report of KAMCO on the performance of stock exchanges in the countries of the Gulf Cooperation Council states, that the Gulf stock exchanges continued their rises in April 2019, in light of the composite index recording a growth of 5% at the end of the month, supported by the collective rise recorded by each country on Sharpness with the exception of Oman.

According to the report obtained by a copy of it, positive performance on a monthly basis contributed to consolidating the gains of the index from the beginning of the year 2019 until its date to reach 19.6% at the end of April 2019, and the performance of the various market sectors also supported The positive trend of the Gulf stock exchanges, in light of the growth recorded by most major sectors, which ended the month's trading higher.

The transportation sector topped the list of the best sectors with a two-digit monthly growth rate, followed by the retail, food and beverage sectors, and the banking sector performance was also positive during the month, as most major banks witnessed two-digit gains. p>

On the other hand, the declining sectors list is issued by the investment and finance sector and the capital goods sector, with losses recorded in mono numbers during the month. The preliminary trends for the first quarter earnings announcements of 2019 were positive, and the banks came in the forefront with 11.7% increase in profits.

The effects of positive performance of global markets were also reflected on the stock exchanges of the Gulf Cooperation Council countries, with almost all major global indices registering growth during the month, which led to the rise of the Morgan Stanley Global Index by 3.2%. .

Oil prices also contributed to enhancing the performance of stock markets in light of the rise in crude oil prices by nearly 6% during the month, due to the decline in production rates by OPEC producers. However, during the second half of the month, pressure increased on oil prices, which led to the decline.

It is noteworthy that the Gulf stock exchanges achieved the best performance last year since 2013.

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