The Muscat Stock Exchange and Dubai Financial Market indices topped the gains among Gulf bourses last week, amid a prevailing mood of caution and wait-and-see sentiment that gripped trading activity, pushing major indices into mixed territory under pressure from selling and profit-taking operations.

Liquidity flows were directly affected by traders' focus on monitoring geopolitical developments, with cautious optimism tinged with anxiety dominating markets.

Alongside the political backdrop, investment circles in the region are awaiting the start of second-quarter earnings season, as investors look to read the balance sheets of leading companies and major banks to gauge their resilience in the face of economic challenges — a factor expected to be the primary driver shaping bourse trends and determining their trajectory in the coming weeks.

Dubai market

Dubai Financial Market managed to post weekly gains of nearly 4.6 billion dirhams, rising 0.68% across 5 sessions, supported by the performance of blue-chip stocks in the banking, real estate, industrial and utilities sectors.

The market capitalisation of shares listed on the Dubai Financial Market rose from 993.1 billion dirhams at the close of the previous Friday's session to 997.7 billion dirhams at the end of yesterday's session.

Salama topped the gainers on the Dubai market over the 5 sessions, surging 5.55%, while du rose 4.9%, Amanat Holdings 4.55%, Dubai Commercial 2.76%, and Reem Corporation 2.04%.

On the other side, BHM Capital fell 9.3%, Agility Logistics 5.5%, Tecom 4.5%, National International Holding 4.2%, Tabreed 3.65%, Parkin 3.2%, and Aramex 2.84%.

Emaar Properties captured the largest share of Dubai market liquidity over the 5 sessions at approximately 933.3 million dirhams, followed by Emirates NBD with 328.2 million dirhams, then Emaar Development attracting 200.45 million dirhams.

Abu Dhabi market

The FTSE Abu Dhabi General Index (FADGI) rose 0.21% to 9,900.80 points, gaining more than 5.3 billion dirhams over 5 sessions.

Aldar Properties led activity on the Abu Dhabi market, capturing the largest share of total trading with liquidity of 521.5 million dirhams over 5 sessions, followed by ADNOC Gas with 495.97 million dirhams, then Abu Dhabi Islamic Bank attracting 468.68 million dirhams.

On the Abu Dhabi market, Agthia Group rose 5.5%, Umm Al Quwain General Investments 5.4%, National Corporation for Tourism and Hotels 5.3%, Space42 4%, and Sudatel Communications 3.77%.

In contrast, Al Dhafra Insurance fell 4.88%, Fujairah Building Industries 4.76%, Orascom 4.74%, Abu Dhabi National for Building Materials 4.73%, and Fertiglobe 4.63%.

Saudi Arabia

The Saudi market's main index (TASI) declined 0.97%, closing at 10,826.98 points.

Regarding weekly trading activity, trading values rose 11.36% to reach 21.75 billion riyals (an average of 4.35 billion riyals per session), while trading volumes climbed 25.6% to record 1.25 billion shares (an average of 250.77 million shares per session).

In terms of individual stock performance, Mutakamilah topped the gainers list with a rise of 42.54%, followed by Al Asmak with 30.53%, then Amanah Insurance with 21.32%. On the other side, Al Ramz led the decliners on the Saudi market, falling 7.83%, followed by DBS at 7.49%, and Al Mutaqadima in third place with a decline of 7.35%.

Market capitalisation fell to 9.438 trillion riyals, compared with 9.488 trillion riyals at the end of the previous week, bringing market losses to 49.81 billion riyals.

Kuwait

Kuwait Stock Exchange indices ended their weekly trading with mixed performance; the Premier Market index declined 0.37% to close at 9,092.64 points.

In contrast, the Main Market index rose 0.10% to settle at 8,696.42 points, while the Main Market index recorded growth of 2.43% to end trading at 8,955.64 points, and the Main Market 50 index posted a gain of 3.21%, closing at 9,985.79 points.

Regarding trading activity during the week, the volume of shares traded reached approximately 1.35 billion shares, generating total liquidity worth 372.07 million Kuwaiti dinars through the execution of 105,220 cash transactions.

Gulf Insurance Group topped the list of best-performing stocks during the week, recording growth of 90.92%, followed by Asico with a rise of 32.88%, then Al Taqadum at 26.75%. On the other side, Thuraya topped the list of the biggest decliners on the Kuwait Stock Exchange with a fall of 23.60%, followed by Al Kout, which lost 11.06% of its value, and Oula Fuel with a decline of 10.39%.

Qatar

The Qatar Stock Exchange saw a downward trend during the trading week ending July 2, as the bourse's main index closed down 0.69%, losing approximately 70.65 points to close at 10,211.16 points.

Regarding trading activity and market volume, the total value of shares traded reached approximately 1.50 billion Qatari riyals, exchanged through 578.78 million shares across 91,200 transactions.

In terms of individual stock price movements, Al Tah'wiliya led the top gainers with growth of 12.34%, followed by Al Ijara with a rise of 8.01%, then Lesha Bank at 6.46%, and Beema in fourth place at 2.21%.

In contrast, Dlala topped the decliners list with a fall of 11.69%, followed by Al Mannai Corporation, which declined 3.48%, then Qatar Oman at 3.11%, and finally QLM, whose shares fell 2.7%.

Bahrain

In Bahrain, the Bahrain All Share Index closed at 2,035.66 points, recording a decline of 0.29%.

The Bahrain Islamic Index also retreated, settling at 961.51 points at the end of the period, recording a decline of 1.64% compared with its previous close.

In terms of trading activity and volume, the total traded value in Bahraini dinars reached 1,347,133 dinars, while the total volume of shares traded reached 3,578,935 shares.

Regarding the performance of listed companies in terms of gains and losses, only 5 companies appeared on the gainers list, against 12 companies on the decliners list during the week's trading.

SOLID topped the biggest decliners list with a fall of 3.61%, followed by CPARK, which declined 3.03%, then KHALEEJI with a drop of 2.78%. On the other side, SILAH topped the gainers list with growth of 1.18%, followed by NBB, which rose 0.93%, then SEEF with a gain of 0.79%.

Muscat Stock Exchange

The Muscat Stock Exchange bucked the trend of most Gulf markets, posting a positive performance at the end of its weekly trading, as the main