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GCC Stocks Drop on Geopolitical Pressure

GCC Stocks Drop on Geopolitical Pressure
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GCC Stocks Drop on Geopolitical Pressure

GCC Stocks Drop on Geopolitical Pressure

GCC stock markets dived on Monday trading amid increased geopolitical tension after Saudi and UAE oil tankers suffered “sabotage operations” near the Emirati territorial waters. They were also affected by the pressure of the US-China trade war.

The Saudi stock index dropped 3.55 percent, Abu Dhabi index 3.32 percent, Dubai Financial Market 3.97 percent and Kuwait Stock Exchange index 1.37 percent.

Saudi Arabia's benchmark index closed at 308.02 points lower at 8366.64 points on Monday, with trades worth more than SAR5.3 billion riyals ($1.4 billion).

More than 180 million shares were traded among more than 120,000 deals, with eight companies posting gains, while shares of 174 companies closed with decline.

The index of Saudi Nomu-Parallel Market closed Monday at 3424.31 points down 68.99 points and with tradings worth more than SAR2.5 million ($667 million).

The number of shares traded exceeded 140,000 among 134 deals.

In UAE, however, Dubai Financial Market index dropped by 3.97 percent, losing 104.29 points, to close at 2525.61 points.

Trading volume amounted to 231.1 million shares at a total value of AED300.1 million (about $82 million) after closing 4,599 deals for 36 shares.

In addition, eight sectors witnessed decline, headed by the goods sector by 7.49 percent, followed by real estate sector by 5.64 percent, investment sectors by 5.23 percent, insurance sector by 3.83 percent, banking sector by 3.49 percent, transport sector by 3.01 percent, services sector by 1.80 percent and communications sector by 0.98 percent.

The General index in Bahrain closed Monday at 1.416.15 points, down 11.56 points from the previous close, due to the decline in the indexes of commercial banks and investment, services and industrial sectors.

Bahrain Islamic Bank’s index closed at 758.79, down 19.52 points from its previous close.

Kuwait Stock Exchange ended its trading Monday with a decline in its general index by 59.5 points to reach the level of 5632.4 points, a 1.05 percent drop.

The total number of transactions of the index amounted to 125.9 million shares, through 5,826 transactions worth KD33.2 million (about $110 million).

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Saudi-GCC Non-Oil Trade Surplus Achieves 203% Annual Growth

An oil tanker is being loaded at Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. (Reuters)
An oil tanker is being loaded at Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. (Reuters)
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Saudi-GCC Non-Oil Trade Surplus Achieves 203% Annual Growth

An oil tanker is being loaded at Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. (Reuters)
An oil tanker is being loaded at Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. (Reuters)

The non-oil trade surplus of Saudi Arabia with the Gulf Cooperation Council (GCC) countries recorded an annual growth rate of 203.2% to more than SAR2 billion in April, reported the Saudi Press Agency on Friday. It soared to around SAR3,511 million from SAR1,158 million in the same month last year.

According to preliminary data from the International Trade Bulletin for April, published by the General Authority for Statistics (GASTAT), the total volume of non-oil trade, including re-exports, between Saudi Arabia and GCC countries amounted to around SAR18,028 million. This reflects a year-on-year growth of 41.3%, with an increase of SAR5,271 million from SAR12,757 million in April 2024.

Non-oil commodity exports, including re-exports, rose by 55%, totaling SAR10,770 million, up from SAR6,958 million in April of the previous year, an increase of over SAR3,812 million.

Meanwhile, the value of national non-oil commodity exports reached around SAR3,031 million, compared to SAR2,675 million in April 2024, achieving a year-on-year growth rate of 13.3%, with an increase estimated at SAR356 million.

Additionally, the value of re-exports surged by 81%, reaching SAR7,738 million compared to SAR4,282 million, an increase of SAR3,456 million.

Saudi Arabia’s imports from GCC countries stood at SAR7,258 million in April 2025, compared to SAR5,799 million last year, achieving a year-on-year growth of 25.2%, with an increase of SAR1,459 million.

The data indicated that the United Arab Emirates ranked first in terms of non-oil trade volume with Saudi Arabia, amounting to SAR13,533 million, representing about 75.1% of the total.

Bahrain followed in second place with a trade value of SAR1,798 million (10%), while Oman ranked third with SAR1,454 million (8.1%). Kuwait was fourth with SAR819.9 million (4.5%), and Qatar came next with a value of SAR422.1 million (2.3%).