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See prices oilthe catalyst for growth in the region, declined, given that the increase interest rates in United State And other countries can lead to a slowdown in global economic growth, and thus reduce the demand for oil.
It connects most countries GCC Its currencies are denominated in dollars, and is taking steps largely in line with US monetary movements, while the Kuwaiti dinar is linked to a basket of currencies in which the dollar is believed to be the most influential.
Bank stocks suffered the biggest losses in all markets, as raising interest rates might lead to a decline in lending to companies and individuals.
The main stock index fell in Saudi Market By 1.4 percent, with the decline in shares of banks and some other sectors.
The main stock index fell in Dubai Financial Market By 0.9 percent, the shares of financial and real estate companies with heavy losses led.
Index fell Abu Dhabi market By 0.2 percent, following five days of gains, ending the longest winning streak in a month.
The market received some support from the Abu Dhabi National Energy Company, "energy"whose shares jumped by 14.6 percent following the acquisition of "Multiplay" It acquired a share of 7.3%, in a deal worth 10 billion dirhams, or regarding 2.72 billion dollars.
Outside the Gulf region, the leading stock index fell in Egypt Stock Exchange By 1.9 percent, amid selling operations that caused a decline in the shares of 27 of the total 30 companies listed in the index.
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See prices oilthe catalyst for growth in the region, declined, given that the increase interest rates in United State And other countries can lead to a slowdown in global economic growth, and thus reduce the demand for oil.
It connects most countries GCC Its currencies are denominated in dollars, and is taking steps largely in line with US monetary movements, while the Kuwaiti dinar is linked to a basket of currencies in which the dollar is believed to be the most influential.
Bank stocks suffered the biggest losses in all markets, as raising interest rates might lead to a decline in lending to companies and individuals.
The main stock index fell in Saudi Market By 1.4 percent, with the decline in shares of banks and some other sectors.
The main stock index fell in Dubai Financial Market By 0.9 percent, the shares of financial and real estate companies with heavy losses led.
Index fell Abu Dhabi market By 0.2 percent, following five days of gains, ending the longest winning streak in a month.
The market received some support from the Abu Dhabi National Energy Company, “TAQA”, whose shares jumped by 14.6% following the “Multiplay” group acquired a 7.3% stake in it, in a deal worth 10 billion dirhams, or regarding 2.72 billion dollars.
Outside the Gulf region, the leading stock index fell in Egypt Stock Exchange By 1.9 percent, amid selling operations that caused a decline in the shares of 27 of the total 30 companies listed in the index.
