Most of the Gulf stock markets fell today, Monday, as oil prices fell, amid increasing concerns in the world Investors are concerned regarding the escalation of tension between Ukraine and Russia.
The central banks’ determination to curb the rising inflation rates at the expense of economic growth and corporate profits exacerbated the fear in stock markets.
Oil prices fell, today, Monday, from their highest levels in five weeks, with the market taking profits, following strong gains last week, amid expectations of tight supplies following the OPEC + decision to reduce production and before the European Union imposed a ban on Russian oil.
The Saudi “TASI” index fell by 0.47% to the level of 11,512 points.
The main index of the Dubai market lost 0.89% to the level of 3342 points, and the Abu Dhabi index fell by 0.62% to the level of 9810 points.
In Qatar, the main index marginally decreased by 0.03% to the level of 12,980 points.
The first market index in Kuwait closed down by 2.61% to the level of 7831 points, and the Bahrain General Index decreased by 0.19% to close at the level of 1879 points.
And the general index of the Muscat market fell at the close by 0.56% at the level of 4531 points, while the Amman Stock Exchange index closed at an increase of 0.36% at the level of 2491 points.
Outside the Gulf region, the Egyptian blue-chip index rose 0.15% to 9,955 points.
