RIYADH: Gulf Cooperation Council equities recorded their second consecutive monthly gain in October as the MSCI GCC index rose by 1.2 percent, reflecting stronger regional sentiment amid policy easing and global market resilience.
A report by Kamco Invest said the advance was led by broad-based sectoral gains and a rebound in investor confidence toward the end of the month.
The improvement followed interest rate cuts by most GCC central banks, excluding Kuwait, as well as a pick-up in trading activity and renewed optimism in key markets.
Regional performance, however, remained mixed, with Oman, Bahrain and Dubai advancing while Qatar extended its losing streak.
The GCC’s equity gains in October align with broader regional optimism reflected in recent outlooks from major research houses.
