Global turbulence weighs down GCC markets in May
Kuwait Financial Centre (Markaz) reports GCC markets were down in May, losing 6.1 per cent after a decrease of 3.2 per cent in April. Global factors weighed down on GCC with all the markets ending in Red. Dubai was the largest loser shedding 9.8 per cent for the month, followed by Saudi Arabia which lost 7.7 per cent. Saudi has been the best performing market YTD, with a gain of 8.7 per cent. Kuwait lost 2.2 per cent May cutting its yearly gain to 0.71 per cent.