Kuwait City, December 03: Gulf stock markets closed slightly up on Thursday, with the initial shock waves from the Dubai debt crisis that caused heavy losses appearing to have subsided, traders said.
Three Gulf bourses were open for the day.
Qatar’s Doha Securities Market closed 1.21 percent higher to rise above the psychological 7,000-point barrier, spurred by the banking sector.
The DSM added 5.3 percent on Wednesday, a day after shedding a massive 8.3 percent on fears local companies could be exposed to the Dubai debt crisis.
The Kuwait Stock Exchange, the second largest in the Arab world, rose 0.71 percent after volatile trading earlier in the week. The KSE index lost 2.7 percent and 1.4 percent, respectively, in the past two days.
The tiny Bahrain Stock Exchange was up 0.19 percent after edging down on Wednesday.
The two United Arab Emirates markets of Dubai and Abu Dhabi are closed for the second day on a national holiday, while the Saudi market, the largest Arab bourse, and Oman remain shut for the Muslim Eid al-Adha holidays.
—-Agencies