Most of the major Gulf stock exchanges decline due to oil...


And US West Texas Intermediate crude contracts, for March delivery, fell by $1.26, or 1.43%, to $87 a barrel.
The Saudi market index fell for the second session in a row, recording a new decline of 0.41 percent to 12142.4 points, driven especially by the losses of shares of most banks, led by Riyad Bank, down by 2.38 percent.
In the UAE, the Stock Exchange index fell 0.67 percent to 3152.8 points, and the Dubai Financial Market shares led losses, down 4.83 percent.
The Abu Dhabi market index fell 0.08 percent to 8,728 points, and the main losers were “Dana Gas” and “Al Dar” Real Estate, down 1.85 and 1.45%, respectively.
On the other hand, the Qatar Stock Exchange index rose 0.35 percent to 12654.8 points, and the gains were led by “General” Insurance and Qatar Ahli Bank, up 4.9 and 2.74 percent, respectively.
The first index in the Kuwait market increased by 0.08 percent to 8036.7 points, supported especially by strong gains in telecom shares, as “STC” shares increased by 29 percent and “Ooredoo” increased by 7.29 percent.
The Muscat Stock Exchange index rose 0.07 percent to 4,127.5 points, and the gains were led by the “Oman and Emirates Bank” share, up 10 percent.
The Bahrain index rose 0.3 percent to 1824.2 points, supported by gains in banking shares, led by the Arab Banking Corporation, which rose 0.53 percent.





These were the details of the news Most of the major Gulf stock exchanges decline due to oil... for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at saudi24news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

PREV Saudi Arabia records highest quarterly budget surplus in 6 years at $15bn
NEXT Sustainable beauty: Capturing a rising demand for conscious living

Author Information

I am Joshua Kelly and I focus on breaking news stories and ensuring we (“Al-KhaleejToday.NET”) offer timely reporting on some of the most recent stories released through market wires about “Services” sector. I have formerly spent over 3 years as a trader in U.S. Stock Market and is now semi-stepped down. I work on a full time basis for Al-KhaleejToday.NET specializing in quicker moving active shares with a short term view on investment opportunities and trends. Address: 838 Emily Drive Hampton, SC 29924, USA Phone: (+1) 803-887-5567 Email: [email protected]