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The Dubai market loses 3 billion dirhams … and the sales pressure drops in Saudi Arabia by 1.2%
Books – Mahmoud Shendi:
The Gulf stock markets fell sharply during yesterday's trading session as traders worried about geopolitical tensions while Iran held a tanker in Gulf waters as well as the threat of trade war, American escalation and China and geopolitical risk escalation. It became clear that the trade war had become a reality. The US president has imposed a 10% surtax on Chinese products worth $ 300 billion as of September 1, which has repercussions on all financial markets, including the Gulf markets.
The Kuwaiti index fell 0.33% to 6,106.4 points, from 4886 points to 5.86 points, the first market lost 27 points to 6726 points and the market value lost 117 million dinars to $ 35.3 billion. Dinars, and closed the general index of the Saudi market, "Tbadi", down 1.26 percent, losing 109.3 points of its value.
The general index of Dubai fell 1.46%, the largest daily decline since the end of May 19, more than three months ago, to reach the level of 2857.91 points, a loss of 42.14 points, and shares lost about 3 billion dirhams after the drop in market value, the index fell 0.40% to reach 10,356.07 points, losing 41.56 points. The Bahrain Stock Exchange closed at the end of the negotiations due to a decline in investment banking and commercial banks sectors and Bahrain's general market index of 0.06% to reach the point was 1548.66, losing 0.92 point. The Muscat bourse was the only survivor of Gulf market declines yesterday, registering a limited rise of about 3.8 points, or 0.09%, for close at 3780.3 points.
The Kuwait Stock Exchange (KSE) fell 0.33% to 6,106.4 points, from 5.86 points to 4,886 points, against 27 points to 6726 points, whose market value lost 117 million dinars. The volume of transactions on the stock market reached 140.11 million shares, against 187.39 million on Thursday, a decrease of 25.2%. The six-sector indexes recorded a decline in core commodities of about 1.56%, while the other four sectors, led by oil and gas, increased by 2.63%.
"Saudi" down 1.2%
Saudi Arabia's Tadawul market fell under direct pressure from its main banking-led sectors due to continued weakness in liquidity. The TASI closed down 1.26%, losing 109.3 points to 8 557.09 points. Compared with 87.6 million shares during last Thursday 's session, red rose on sector performance, with the "stock index" leading the way down 4.36%.
"Dubai" loses 1.4%
Dubai's general financial markets index continued its second consecutive decline, affected by the decline in the real estate and investment sectors, in a context of declining trading rates and the general index of the stock market. dropped by 1.46%, the largest daily decline since the end of the May 19 session, more than 3 months, to reach the level of 2857.91 points, a loss of 42.14 points and a loss of shares about 3 billion dirhams after the decline in market value to 372.26 billion dirhams.
Abu Dhabi is down 50 points
The general index of the Abu Dhabi financial market closed the first session of the week down for the fourth consecutive session, affected by the decline of the energy, banking and telecommunications sectors, the index fell by 0.96% to 5179.93 points to lose 50.3 points and deal with 36.49 million shares, for an amount of 80.6 million dirhams, spread over 755 transactions, and the general index fell 3.66% in the real estate sector, while Aldar shares fell 3.9%.
Qatar loses 41 points
The Qatar Stock Exchange closed the third consecutive session, affected by the decline of 6 sectors, due to a lack of liquidity and the general index, which fell by 0.40% to 10,356.07 , losing 41.56 points over Thursday, to 30.22 million shares, against 47.49 million shares. Millions of shares on Thursday and reduced liquidity to 74.05 million riyals.
The Bahrain Stock Exchange closed at the end of the negotiations in the face of the downturn in investment banking and commercial banking and the Bahraini public market index of 0.06% to 1548.66 points, losing 0.92 point over at the levels of Thursday and recording at the end of trading 806.82 thousand dinars, distributed to 3.77 million shares, or 79% The investment sector fell by 0.43%, while the GfH group was at the top of the 2.80% red list, the 0.62% pool and the 0.04% commercial banks.
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