After a momentous session on Wall Street yesterday, when US President Donald Trump said he would postpone the majority of the tariffs he had slapped on imports, Arab markets showed robust gains on Thursday.
The most notable Arab markets’ reported values at 12:12 Moscow time are listed below:
Saudi Stock Exchange: At 11,456.71 points, the main index increased by 3.24%.
Dubai Stock Exchange: At 4,982.28 points, the Dubai Stock Exchange index increased by 1.83%.
Abu Dhabi Securities Exchange: At 9,151.96 points, the Abu Dhabi index increased by 0.95%.
Qatar Stock Exchange: At 10,093.18 points, the Qatar Stock Exchange index increased by 1.91%.
Kuwait Stock market: At 7,144.30 points, the stock market index increased by 1.42%.
In yesterday’s trade, the Nasdaq (technology index) increased 12.16% to 17,124.97 points, marking its largest daily rise since 2001.
Egyptian Stock Exchange: At 30,697.54 points, the Cairo Stock Exchange’s EGX 30 index increased by 2.05%.
Following US President Donald Trump’s announcement of a 90-day deferral of tariffs on a number of nations, Wall Street indices finished yesterday with robust, record-breaking gains.
Market worries about the effects of the new US trade policy were allayed by the action. Trump responded to China’s declaration of hiking taxes to 84% on US goods by increasing levies on Chinese imports to 125%, yet the increase still occurred.
At 40,608.45 points, the Dow Jones Industrial Average increased 7.87%. On Wednesday, the S&P 500 saw its largest daily increase since 2001, rising 9.52% to 5,456.90 points.
