Middle East Market Wrap 7 September: Kuwait Erases Its Losses Since 1 September as Saudi Slips and Egypt’s 4 Day Run Ends

By The Edge Research Team

The Gulf split for a second session, and this time Kuwait led it. Boursa Kuwait’s All Share Index rose 94.55 points, or 1.07 percent, to 8,934.53. It was the first gain since the United States strikes on Iran on 1 September, and it lifts the index 0.34 percent above that day’s close, on our calculation, after 3 declines that had cost it 0.72 percent. Dubai added 0.79 percent and Qatar 0.53 percent, while Saudi Arabia’s Tadawul All Share fell 0.40 percent to 11,024.73 after 2 gains and Egypt’s EGX 30 slipped 0.09 percent to end a run of 4 consecutive advances. Of the 9 headline benchmarks, 4 rose and 5 fell inside a 1.47 percentage point range, on our count.

Kuwait’s rebound runs through the Premier Market

The rebound was broad and led from the top. The Premier Market Index rose 112.58 points, or 1.22 percent, to 9,339.77, the Main Market Index added 0.36 percent to 9,209.20 and the BK Main 50 was almost unchanged at 10,921.55, up 0.03 percent, a reversal of Sunday, when the BK Main 50 had been the day’s largest loser at minus 0.75 percent. Turnover rose 8.9 percent to 136.7 million dinars across 35,999 trades from 125.5 million on Sunday, on our calculation. The exchange’s economic indicator board still displayed Kuwait’s export crude at 98.10 dollars, the same marking shown on Sunday.

Saudi Arabia gives back most of its 2 day gain

The Tadawul All Share Index fell 43.92 points to 11,024.73, its first decline after 2 advances, enough to erase most of the combined 0.51 percent gain of Thursday and Sunday. It ended 0.07 percent below Thursday’s close, on our calculation. The large caps led the fall: the MSCI Tadawul 30 lost 0.52 percent to 1,480.34, while the Nomu Parallel Market was flat at 21,741.30, up 0.01 percent. Tuesday brings the General Authority for Statistics’ second quarter GDP release, per our Week Ahead of 6 September, the first of 3 consecutive days of Saudi domestic data.

Dubai’s third gain, Abu Dhabi flat, Qatar recovers its week

Dubai’s DFM General Index rose 46.66 points, or 0.79 percent, to 5,931.29 on the exchange’s own daily closing table, its third consecutive gain after 0.49 percent on Thursday and 0.70 percent on Friday. Abu Dhabi’s FTSE ADX General Index was effectively unchanged, down 1.64 points, or 0.02 percent, to 9,975.72, while the FADX 15 rose 0.13 percent to 10,540.91, on turnover of 939.5 million dirhams across 21,850 trades. Qatar’s QE Index rose 51.97 points, or 0.53 percent, to 9,785.73 on the exchange’s own ticker, more than recovering Sunday’s 0.31 percent fall and taking the index 0.35 percent above its 2 September close, with value traded of 287.2 million riyals.

Bahrain, Oman and Amman

Bahrain’s All Share Index eased 2.32 points, or 0.12 percent, to 1,934.96, a third marginal decline in a row, on 160 trades worth 888,000 dinars. Muscat’s MSX 30 fell 25.609 points, or 0.34 percent, to 7,605.901, with 31 decliners against 22 advancers on the exchange’s count and turnover of 39.8 million rials, reversing Sunday’s 0.04 percent gain. Amman’s ASE Index rose 0.26 percent to 4,086.62, its second consecutive gain.

Egypt’s run ends, just

The EGX 30 opened at Sunday’s close of 56,676.16, traded up to 56,931.38 and as low as 56,546.17, and closed at 56,627.83, down 0.09 percent, ending 4 consecutive advances against our published closes and leaving the index 35.38 percent above its end 2025 level on the exchange’s own year to date figure. In dollar terms the exchange put the index down 0.14 percent, the slightly larger dollar decline reflecting a softer pound: the Central Bank of Egypt’s rate for 7 September was 50.8389 pounds to buy a dollar and 50.9776 to sell, 0.06 percent weaker on the buy leg than Sunday’s 50.8086.

Oil higher into the European afternoon

Brent for November traded at 97.31 dollars a barrel at 12:35 GMT, up 1.07 percent against the vendor’s prior close, and WTI for October at 92.22, up 0.81 percent, after the weekend’s renewed tension between the United States and Iran, including United States strikes on 3 Iranian tankers, per our Asia Market Wrap of 7 September. Gold for December was 0.84 percent lower at 4,439.00 dollars and the dollar index 0.27 percent lower at 98.908 at the same capture. United States markets were closed for Labor Day; Europe was open, with the Stoxx Europe 600 down 0.04 percent intraday at the capture.

Middle East equities, Monday 7 September: the risers

Middle East equities, Monday 7 September: the fallers

Closes for Monday 7 September 2026, ranked by change and split across 2 tables for legibility on a phone. Every level was read at the index’s own exchange with its closed session stamp; the Saudi rows were confirmed after the Main Market status turned to Negotiated Deals Only, and the Qatar level is from the exchange’s own ticker. Every change reconciles against our own published prior closes, 6 September for the Sunday to Thursday markets and 4 September for Dubai and Abu Dhabi, and the Dubai change is the exchange’s own daily figure. Omitted rows: FADX 15 (Abu Dhabi) 10,540.91, plus 0.13 percent; BK Main 50 (Kuwait) 10,921.55, plus 0.03 percent; Nomu Parallel Market (Saudi Arabia) 21,741.30, plus 0.01 percent. The count of 4 of 9 rising uses one headline benchmark per market: the Kuwait All Share, DFM General, QE Index and ASE Index rose; the Tadawul All Share, MSX 30, Bahrain All Share, EGX 30 and FTSE ADX General fell.

Oil, gold and the dollar at the capture

Intraday quotes captured in one call at 12:35 GMT on 7 September 2026, before the United States settlement windows. Commodity changes are against the vendor’s prior close field, settlement to snapshot; the dollar index is a spot quote with no daily settlement.

Why it matters: Kuwait produced the clearest regional rebound since 1 September, on our reading: the All Share has fully retraced its 3 session decline in a single day, with turnover up 8.9 percent and the Premier Market leading, which is the opposite of Sunday’s profile, when the BK Main 50 was the day’s largest loser. The Saudi reversal was modest and concentrated in the large caps on the eve of a growth print; by itself a 0.40 percent decline does not signal a change of direction, on our reading. Egypt’s run ended by 48 points with the pound a touch softer, which is a pause, not a reversal, on our reading; a 0.09 percent decline is too small to establish whether the rally has lost momentum. Brent above 97 dollars at the capture links all 3 stories, and on Monday it moved in the Gulf exporters’ favour.

Outlook: Tuesday’s General Authority for Statistics release of second quarter Saudi GDP is the first regional print of the week, per our Week Ahead of 6 September, followed by business confidence on Wednesday and July industrial production on Thursday. Egypt’s August inflation readings are due in the coming days, headline CPI from CAPMAS and core inflation computed by the Central Bank of Egypt, the first since the CBE said it expects annual headline inflation to accelerate through the third quarter. United States markets reopen on Tuesday with Thursday’s producer prices and Friday’s consumer prices ahead, the prints that shape the September Fed pricing that reaches the pegged Gulf currencies, on our reading. For Kuwait, the test is whether Monday’s turnover holds without the rebound.

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 Egypt, The Edge.

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