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.

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