Stock markets in the Arab region were mostly in the green in the week gone by.

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In the UAE, the Abu Dhabi index added 0.2% with the International Holding Company gaining 0.7%. Dubai index ended the week 0.1 percent down.

The oil price rise is expected to raise the economic growth of Saudi Arabia and the UAE. The kingdom is expected to grow by 5.1 percent next year.

The Saudi and UAE bourses saw quite some ups and downs in the week that began on Sunday, October 10.

The main Saudi stock index closed trading on October 7, with an increase of 19.45 points, to close at the level of 11,591.33 points, with transactions worth 6.5 billion riyals.

The Muscat Stock Exchange closed on Wednesday, up 0.17%, or 6.9 points, from the previous trading session, which amounted to 3,947 points, after Cyclone Shaheen forced its closure.

The main Saudi stock index closed today, up, gaining 112.11 points, to close at 11495.76 points, with trading value worth SR 6 billion.

Issued during the rule of former president Mahmoud Ahmadinejad in 2006, the Justice Shares were intended to assist economic privatization efforts.

Total number of trade count on Wednesday’s trading session reached to 6739 transactions, the highest level of daily trade count since the beginning of this year, compared to 2579 transactions on Tuesday. Trade count of Wednesday’s session has also jumped 146 percent compared to its 2740 average year to date.

JTC is one step closer to being listed on Boursa Kuwait, the country’s stock market It said it was in the process of completing the private placement to increase its shareholders’ base Ports and contracts logistics services provider Jassim Transport & Stevedoring Company, also known as JTC, is one step...