Gulf stock markets diverge in the event of oil falls

Gulf stock markets collapsed on Wednesday as sentiment weighed on a drop in global benchmark crude to over $ 2 a barrel after US President Donald Trump threatened to impose new tariffs on China. While Saudi Arabia's share fell by 1.9 percent.

Shares of petrochemical companies also declined while Yanbu National Petrochemicals (YANSAB) declined 2.3 percent, Percentage.

Jarir Marketing shares closed a (BCN) recommended to increase the relative weight of Jarir's share in the investment portfolio, whose target price was set at 181.8 million dollars ( $ 48.63), after the retailer announced a 10% profit increase in the second quarter. At SAR 209.6, after the company announced its latest quarterly financial results.

The general index of Abu Dhabi rose 0.5 percent, while Kuwait's first index rose 1.4 percent, extending gains from the previous session. Among the shares of the bank "Abu Dhabi I" 1.2%, and the share of "Emirates Telecom" (Telecommunications) 0.6 percent. Abu Dhabi National Energy (TAQA) gained 4.1% despite falling oil prices, but Dana Gas fell 1%.

The Dubai index fell by 0.1% under pressure from real estate stocks, Emaar Properties was 2.2% and Damac Real Estate by 1%

In Other Markets , pressure on US fees for additional $ 200 billion of Chinese commodities and Asian stock markets is pressing. Qatar's benchmark was 0.4%, while the Oman index of Muscat Securities Market fell 1%, resulting in declines.

Qatar Commercial Bank (2.4%) and Qatar Islamic Bank (1.5%). Qatar Industries, which produces petrochemicals, metals and fertilizers, decreased by 1.1%.