The decline of most of the Gulf stock exchanges .. Petrochemical...

Most of the Gulf stock exchanges fell yesterday, while shares of petrochemical companies and banks supported the Qatari index.
According to “Reuters”, the Qatari index rose 0.7 percent to 10,639 points, extending its gains for the third day in a row, supported by an increase of about 2.1 percent in the Qatar Petrochemical Industries Company and a 2.3 percent increase in the “Mesaieed” Petrochemical Holding Company.
The index fell 0.3 percent to 2832 points, with the shares of Emaar Properties falling 1.2 percent and its subsidiary Emaar Malls by 1.6 percent. After the closure, “Emaar Malls” said that its president and board member, Muhammad Al-Husseini, had resigned from the company. In March, Emaar Properties announced a plan to buy minority stakes in Emaar Malls and stop listing its shares on the stock exchange by the end of the year.
The Abu Dhabi index fell 0.6 percent to 7,775 points. Abu Dhabi Commercial shares fell 0.4 percent, Agthia Group 1.36 percent, Aldar Properties 1.46%, Alpha Abu Dhabi Holdings 1.02 percent, Etisalat Group 1.22%, First Abu Dhabi Bank 0.76 percent, and Waha Capital” 0.59%.
And the Central Bank of the Emirates said last Thursday that it will gradually start withdrawing the stimulus measures that it introduced last year to reduce the economic effects of the Covid-19 pandemic.
The Muscat index settled at 3,929 points. The Bahrain index fell 0.26 percent to 1698 points. The Kuwait index settled at 7,517 points.
In Cairo, the main index of the Egyptian Stock Exchange closed up 0.1 percent to 10,650 points, with the share of the Eastern Tobacco Company rising 3.1 percent. The market capitalization of the shares of companies listed on the Egyptian Stock Exchange rose to the level of 712 billion pounds, after total average transactions amounted to 2.6 billion pounds.

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