Middle East Market Wrap 13 October: Seven of Nine Markets Rise as Three Losing Streaks End

By The Edge Research Team

Seven of the nine regional markets closed higher on Tuesday, and three of them ended long losing runs at once: Riyadh snapped four straight declines, Abu Dhabi and Manama five each. Muscat’s 0.97 percent fall was the day’s deepest, with Cairo’s 0.68 percent decline beside it. Brent traded 1.65 percent below Monday’s settlement at 104.89 dollars a barrel by the 12:11 GMT reading.

Three losing streaks end on the same afternoon

Riyadh’s Tadawul All Share closed 34.18 points higher at 10,318.14, up 0.33 percent in its first gain after four straight declines, though the advance was narrow: 104 of the exchange’s 273 listed symbols rose against 146 that fell, on turnover of 3,280,518,708.38 riyals, with the gainers board topped from the speculative end, Saudi Fisheries up 9.99 percent and Watani Steel 9.93, and the retailer Jarir close behind at 8.18. Abu Dhabi’s FTSE ADX General ended a five-session slide with a 0.325 percent rise to 9,793.64, the sign carried on the exchange’s own ticker, on 1,140,149,594.489 dirhams of trading across 21,535 transactions. Manama’s close was the smallest escape of the three, the Bahrain All Share adding 0.31 of a point, 0.02 percent, to 1,882.51 after five straight declines, on 69 trades worth 261,672.165 dinars. The three streaks had accumulated through the oil-led selling of the past week, and they broke on a day the crude price itself kept falling.

Dubai leads the gainers while Muscat and Cairo extend their declines

Dubai’s DFM General rose 21.10 points, 0.36 percent on the exchange’s own daily table, to 5,858.87, a third straight gain and the strongest close of the day’s advancers, on market-wide trading of 351,799,703.59 dirhams across 10,999 transactions. Amman’s ASE index added 0.32 percent to 4,180.95 in a second straight gain, Doha’s QE Index rose 0.17 percent to 8,992.33, also a second, and Kuwait’s All-Share edged 0.06 percent higher to 8,654.84 for a third, with 56,103,297.454 dinars traded across 15,756 transactions and the two tiers pulling apart: the Premier Market index rose 0.11 percent while the Main Market fell 0.19. The two declines ran against the regional grain. Muscat’s MSX 30 lost 0.970 percent at 7,728.058 in a second straight fall, with 14 gainers against 21 decliners and 28 unchanged on 48,712,293.192 rials of turnover across 18,329 trades. Cairo’s EGX 30 slipped 0.68 percent to 51,265.27, a third straight decline and a broad one, with 29 gainers against 180 decliners across the listed market.

Top gainers

Closes of Tuesday 13 October 2026 from the exchanges’ own pages, ranked highest to lowest against Monday’s closes as published; the Dubai change is the exchange’s own figure, the Tadawul All Share ranks above the FTSE ADX General on the unrounded changes, and the Abu Dhabi row rounds the exchange’s 0.325. Run lengths are counted against our published closes.

Top losers

Closes of Tuesday 13 October 2026, ranked shallowest to deepest against Monday’s closes as published; the MSX 30 prints as the exchange prints it, at three decimals.

Commodities and currencies

Intraday quotes at 12:11 GMT, in fixed order; snapshots, not settlements. The gold, Brent and WTI changes are against Monday’s settlements of 4,190.60, 106.65 and 93.74 dollars, as published in our Commodities Wrap of 12 October 2026.

Official reference rates

The CBK row carries the central bank’s value dates as printed on its main indicators page. The CBE row is the average market series on the bank’s statistics page.

Asia, session of Tuesday 13 October

Carried from our Asia Market Wrap of Tuesday 13 October 2026; the Topix and Nikkei rows are measured against their 9 October closes across the Sports Day holiday, and the Nifty row is the exchange’s own figure.

Why it matters: The streaks that broke today were built by oil, and they broke without it: crude kept falling through the session, yet the three markets that had absorbed the longest runs of selling turned anyway, which reads as exhaustion of the sellers rather than a fresh reason to buy. The breadth tells the honest version, with Riyadh rising on fewer advancers than decliners, so the index advance was carried by the larger names while most of the board fell. Across the region the day’s best board was the one furthest from the semiconductor storm that broke over Asia in the morning, and the two markets that fell, Muscat and Cairo, are the two whose declines began most recently, in their second and third sessions, with the least selling behind them to exhaust. A cheaper barrel plus a calmer tape is a gentler mix for the importers than for the producers, and today the producers rose anyway.

Outlook: Our Europe wrap follows after the continental closes, where the session opened higher as the chip selloff spared the European boards. Four of the six largest US lenders, JPMorgan Chase, Goldman Sachs, Citigroup and Wells Fargo, report today, Wednesday brings the US consumer price report and China’s September inflation data, and the IMF’s regional outlook for the Middle East and Central Asia follows on 22 October in the Bangkok meetings cycle, as published in our Week Ahead of 11 to 17 October. Tonight’s commodities wrap reads the session’s settlements on the same December and November crude series.

How these wraps are prepared: Methodology.

Sources: Boursa Kuwait, Saudi Exchange, Dubai Financial Market, Abu Dhabi Securities Exchange, Qatar Stock Exchange, Bahrain Bourse, Muscat Stock Exchange, Amman Stock Exchange, The Egyptian Exchange, Central Bank of Kuwait, Central Bank of Egypt, CNBC, The Edge.

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