Most Gulf stock markets tumbled as investors turned to safe assets

"Economy" of Riyadh

Most of the Gulf stock markets fell yesterday, with the resumption of the trade war between the two countries, bringing investors to safer badets, investors losing their positions before the holiday of Eid al-Adha, while that the main Egyptian index lost 0.1%.
According to Reuters, the Dubai index lost 2% to 2,800 points, under the strong pressure of real estate and financial values. The Islamic Bank of Dubai fell by 2.1% and that of Emaar Properties by 3.3%. In Abu Dhabi, the index fell 1.9% to 5083 points, while Abu Dhabi First Bank lost 2.2% and Etisalat lost 2.6%.
In Oman, the index rose 0.2% to 3,789 points, while the Kuwait index rose to 6,727 points. In Bahrain, the index fell from 0.3 to 1,545 points. The Qatar index fell 4.2%, its biggest daily loss since June 5, 2017, reversing its gains for the year after losing for a fifth consecutive session. The Egyptian benchmark dropped 0.1% to 1,359 points, while Citadel Capital lost 4.3%.