[ad_1]
The wave of declines hit the Gulf stock markets yesterday, as the threat of a trade war, US escalation to China and geopolitical risks increased as Iran held a tanker in the Gulf. the waters of the Gulf.
The main Saudi index closed at 1.26 point, or 109.30 points, to end at 8557.09 points, transactions worth more than 2.5 billion riyals. More than 95 million shares were traded for more than 95,000 shares, with 53 companies posting gains, while 129 shares closed down. The reasons for the fall in equity indices were attributed to several factors, including the effects of interest rate cuts and trade wars, the decline in financial results of Saudi companies and the impact of Zakat on profits. banks.
"The trade war has become a reality, its effects are tangible and we expected this, but indirectly, and we see it today more directly and more than expected," he said. The Dubai Financial Market index fell 1.46 points to 2,857 points, while the Abu Dhabi index fell 0.96% to 5179 points. The inch index of Kuwait dropped 0.40%, to 6726 points. Qatar's benchmark dropped 0.40% to 10,356 points, while Bahrain's fell to 1548 points.
[ad_2]
Source link
