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GCC markets were mixed during 2023, with the S&P GCC Composite index registering a yearly gain of 6.2% as only Dubai and Saudi Arabia equity indices ended the year on a positive note.
Within the GCC, Dubai and Saudi Arabia equity indices surged 21.7% and 14.2% respectively during the year on the back of positive investor sentiment and strong earnings growth from major blue-chip stocks, said Kuwait Financial Centre (Markaz), which released its Monthly Market Review report for December 2023.
Dubai’s performance was…