GCC stock markets rebound in July on strong earnings and global recovery

RIYADH: Gulf Cooperation Council indexes recovered during July on the back of strong earnings and global recovery, reversing two consecutive months of decline.

The MSCI GCC index hit a six-month high of 6.1 percent in July, broadly in line with global equity markets, according to data by Kamco Invest.

Oman experienced the largest monthly gain of 9.9 percent, closely followed by Qatar and Saudi Arabia with gains of 9.7 percent and 5.9 percent, respectively.