The rise of most Gulf stock markets

Ramallah – Dunia al-Watan
The Gulf stock markets advanced on Thursday with gains for major real estate companies and subcontractors leading the Dubai market, while the Saudi stock market fell.

The Dubai index closed up 0.7%, with Dubai Investment, Emaar Properties and Damac Properties up 2.1 and 0.

Drake & Scull International Contracting, the 39th one of the worst players in the Dubai index, reduced its initial gains after the company announced having appointed its chief financial officer Firas Kalthoum as executive director for the restructuring, The company, the action has closed up 0.2%.

Drake shares fell and the results of an investigation into "violations" of his previous management, which dropped 9.9% last Tuesday.

Banks led losses in the Saudi market, the main index of which dropped 0.9% The national commercial bank 1.6% and the bank Al Rajhi 1.4%

Fawaz Abdulaziz Al Hokair continued its decline, down 9.2% after the retailer announced a sharp drop in annual profits last week and announced that it would close 75 stores. Up 0.2%, and Abu Dhabi National Energy fell 0.9% after falling prices While Dana Gas rose 1%

In Qatar, Qatar National Bank and Al Rayyan Bank Increased by 0.65% and 0.82% respectively, while Qatar Electricity & Water finished third among the securities that rose 1.2% The Qatar Stock Exchange index rose 0.3 %

The Middle East stock indexes ended as follows: in Saudi Arabia, the index fell 0.9% to 8178 points in Dubai from 0.7% to 2880 points. In Qatar, the index rose 0.3% to 9260 points, while in Kuwait, the index rose 1% to 5,160 points, while in Bahrain, the index rose 0.6% to 1331 points. The Sultanate of Oman the index stood at 4524 points and in Egypt, the index fell by 1.1% to 16125 points.