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Six Arab stock markets fell on Sunday, after profit taking after recent gains in recent sessions, as well as low oil prices
"There has been a decline in the performance of most regional markets, which is normal, under the pressure of profit-taking, as well as towards the end of the revelation season," said Mohamed El Gendi, director of the technical research at Al Rajab Asset Management, Saudi Arabia.
"In general, we expect regional markets to perform well, taking advantage of the earnings of companies and banks, particularly the Gulf, which have made good profits overall," he said. .
The price of oil is currently at $ 70 for Brent crude, down from the peak of 2018 recorded in October at $ 86 per barrel.
The Egyptian index was the biggest loser with its benchmark EGX30, which measures the performance of the 30 most active companies, down 1.18% to 13,570 points, as a result of domestic sales and the 39; abroad.
In the United Arab Emirates, the Abu Dhabi stock index fell 0.53% to 5002 points, while leading stocks such as Abu Dhabi I and Etisalat lost ground.
The Dubai Mercantile Exchange also fell, but at a slower pace, from 0.29% to 2,817 points, driven by falling real estate prices led by Emaar Properties and Arabtec.
The Saudi Arabian Stock Exchange, the largest in the Arab world, fell as the benchmark fell by 0.42% to 7,711 points, pushed down by major stocks in the banking and commodities sectors.
The Jordanian stock market fell slightly by 0.05% to 1960 points, while the industry and services sectors lost 0.26% and 0.05% respectively.
The Bahrain stock market fell by the same percentage, closing its general index at 1312 points, registering its lowest level in a month, under the pressure of the decline in service shares.
On the other hand, MSM increased by 0.28% to 4.503 points, with the industry and services sectors gaining 0.26% and 0.23% respectively.
The Qatar stock market rose 0.21% to 10,090 points, with 4 sectors leading by 1.32%.
In Kuwait, the index rose only 0.03% to 5300 points, while the index rose 0.1% to 4754 points and the index rose 0.05% to 5106 points. .
Here is the performance of Arab scholarships:
Muscat: 0.28% to 4503 points.
Qatar: 0.21% to 10,090 points.
Kuwait: 0.03% to 5,300 points.
As refused:
Egypt: 1.18% to 13,570 points.
Abu Dhabi: 0.53% to 5002 points.
Saudi Arabia rose 0.42% to 7,711 points.
Dubai: 0.29% to 2,817 points.
Jordan: 0.05% to 1960 points.
Bahrain: 0.05% to 1,312 points.
You can visit the original news here >> This news posted on the Yemen News website has been posted on Yemen's website
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