The indices of 4 Gulf stock markets closed down, in trading today, Sunday, the first session of the week, amid continued profit taking And affected by the decline in global stock markets due to fears of raising interest rates.
The stock exchanges of Saudi Arabia, Kuwait, Bahrain and Muscat declined, while the Qatar Stock Exchange rose marginally. and fell Saudi marketWith its main index “TASI” down by 0.75 percent to 12,335 points, 150 shares fell, and 56 rose out of the 215 shares listed in the market.
The market was affected by the declines of several leading shares, including Aramco by 1.38 percent, the National Bank of Saudi Arabia by 2.58 percent, and Al-Rajhi by 0.64 percent. Meanwhile, Kingdom Holding shares topped the rises by 9.9 percent, following executing the deal of Prince Alwaleed bin Talal’s sale of a 16.87 percent stake in the “Kingdom” shares to the Public Investment Fund for 1.51 billion dollars.
The Kuwait Stock Exchange fell, following its first market index fell by 0.37 percent to 8,664.3 points, due to a 2.68 percent decline in privileged shares, 2.27 percent, and Kuwait real estate by 1.83 percent.
The Muscat Securities Market index fell 0.39 percent to 4140.4 points, pressured by a 9.6 percent drop in Al Safa Investment, 3.28 percent of Omani fish, and 3.13 percent Omantel.
The Bahrain Stock Exchange index fell by 0.85 percent to 1905.88 points, with shares of Batelco dropping 5.4 percent, Al Baraka Banking 1.32 percent, and Al Arabiya Banking 1.3 percent.
On the other hand, the Qatar Stock Exchange index rose by 0.09 percent to 12741.4 points, with “QLM” shares rising by 3.9 percent, Al-Mannai Complex by 3.28 percent, Nakilat 2.65 percent, and Qatar National.
The UAE markets (Dubai and Abu Dhabi) are disrupting their business today, due to the weekend, according to the new work system that has been applied since the beginning of 2022, which includes the Saturday and Sunday holiday, similar to the international markets.
(Anatolia)
