GCC markets monthly report highlighted the exemplary performance of the Qatar Stock Exchange as it registered a gain of 8.8 percent in July

According to Kamco Invest's GCC markets monthly report, the Qatar Stock Exchange (QSE) performed admirably in July, gaining 8.8 percent, followed by Dubai and Kuwait, which gained 7 percent and 3.2 percent, respectively. It was also mentioned that these improvements came after 5 months of decreases this year. The 8.4 percent rise in the Qatar All Share Index revealed investor interest in all market segments, with all sectors earning the thumbs up in the sector performance chart, indicating robust gains.

Widam Food Company led the monthly stock performance chart with a 34.4 percent gain, followed by Qatar Oman for Investment and Qatar Islamic Bank with 24.7 percent and 19.4 percent increases, respectively. When it comes to decreases, Qatar General and Reinsurance led the list with a 12.3 percent drop, followed by Zad Holding and Dlala Brokerage and Investment Holding with 2.9 percent and 2.7 percent drops, respectively.

The report also detailed the month's trading activities, stating that the overall volume of shares moved climbed by 20.7 percent to 4.1 billion shares, while the value traded increased by 7.5 percent to QAR 9.9 billion in July 2023. According to the research, all GCC stock markets performed well in July 2023, thanks to a 3.3 percent gain in the aggregate MSCI GCC index.