Dubai jumps 3.96%, Qatar 2.81% as Gulf bourses close higher
Dubai's main index closed up 3.956% at 6,040.74 points, the region's steepest single-session gain.
· Last verified: 4 Nov 2026 (Saudi Exchange, Qatar Stock Exchange (QNA), Dubai Financial Market, Abu Dhabi Securities Exchange, Boursa Kuwait, Bahrain Bourse, Muscat Stock Exchange)
Summary
- Dubai's main index closed up 3.956% at 6,040.74 points, the region's steepest single-session gain.
- Qatar rose 2.81% to 9,884.17 points, led by QNB and Qatar Islamic finance names.
- Six of seven reporting Gulf markets ended higher, with Abu Dhabi the lone flat exception.
The latest
Dubai's main index surged 229.88 points, or 3.956%, to close at 6,040.74 on Wednesday, 4 November 2026, in the strongest Gulf session of the day, according to Dubai Financial Market data. Qatar's bourse followed with a 2.81% advance to 9,884.17 points. Saudi Arabia's Tadawul All Share Index reclaimed the 10,000-point line, while Abu Dhabi's benchmark finished essentially unchanged.
Details
- Dubai's volumes: Dubai Financial Market reported 371,886,148 shares changing hands in 28,660 trades, worth 2,104,730,993.75 dirhams. The 229.88-point move was the largest absolute point gain of any Gulf index in the session, taking the general index back above the 6,000 mark.
- Qatar's leaders: Qatar Stock Exchange, via QNA, said the index added 270.10 points to 9,884.17 on turnover of 820,769,616.966 Qatari riyals. Qatar National Bank rose 5.26% and Qatar Islamic Insurance 5.20%, placing banking and Islamic finance names among the session's biggest winners.
- Saudi benchmark: Tadawul's All Share Index gained 162.76 points, or 1.65%, to 10,038.89, according to Saudi Exchange. The close returned the region's largest market above the psychological 10,000 level. The exchange did not publish a sector breakdown alongside the closing figure.
- Abu Dhabi's split: Abu Dhabi Securities Exchange said FADGI slipped 1.50 points, or 0.016%, to 9,461.41, the only Gulf benchmark to end lower. Turnover still reached 1,648,822,917.52 dirhams. The narrower FADX15 index moved the other way, rising 0.620% to 10,092.55 points.
- Kuwait's session: The Kuwaiti all-share index added 47.33 points, or 0.56%, to 8,477.17, according to Boursa Kuwait and QNA. Trading covered 219.5 million shares across 15,858 cash transactions valued at 62.6 million Kuwaiti dinars, roughly 192.18 million US dollars.
- Bahrain's thin tape: Bahrain Bourse reported its general index up 2.54 points, or 0.14%, to 1,817.2. Activity was the lightest in the region, with turnover of 331,237.176 Bahraini dinars across just 105 trades, a fraction of the volumes recorded in Dubai and Abu Dhabi.
- Muscat: Oman's MSX30 index rose 38.7 points, or 0.54%, to 7,261.13, according to QNA. The gain placed Muscat in the middle of the regional range, well behind Dubai and Doha but ahead of Bahrain and Abu Dhabi.
- Iraq's gap: Official closing data from the Iraq Stock Exchange could not be obtained for this cycle, after the exchange's website refused connection. No substitute figure is being carried for the Baghdad market in this round-up.
Between the lines
The session's gains were concentrated, not uniform. Dubai and Doha together accounted for nearly all of the outsized movement, with Qatar's two biggest advances both in banking and Islamic finance, while Kuwait, Bahrain and Muscat moved less than 0.6% each. Abu Dhabi's divergence — a flat broad index against a 0.620% rise in FADX15 — points to large-cap strength offset elsewhere in the board.
What's next
Thursday's closes will show whether Dubai holds above 6,000 and Tadawul above 10,000, or whether both retrace. Iraq Stock Exchange data availability is the other item to watch in the next cycle.