A new report by Markaz, or Kuwait Financial Centre, offers an excellent insight into the dreadful year Gulf-listed stocks have had in the year.

According to the research, only two listed companies saw their stocks rise: Saudi Arabian Fertilisers Company has seen its stock price rise 16.17% year-to-date. The second best performing stock was Qatar National Bank, which saw a 6.33% jump in the year.

The other eight ‘top performing’ stocks are in the red: Etihad Etisalat Company (-2.71%), Saudi Electricity Company (-2.86%), Emirates Telecommunications Corporation (-5.00%), Industries Qatar (-10.87%), Riyad Bank (-11.28%), Saudi Basic Industries Corporation (-12.41%), Kuwait Finance House (-16.21%) and Al Rajhi Bank (-16.87%).

Read full report here from Markaz.

Also read forecast for a year-end rally in Middle East markets.

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