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Wednesday, October 16, 2024

Most Gulf stock markets declined as tensions escalated in the region

Most Gulf stock markets declined as tensions escalated in the region

Clashes continued inside LebanonWednesday, after it started Israel Ground operation in the country.

Stock movements

The Saudi benchmark index fell 1.7 percent, affected by a 4 percent drop in Al Tayseer Group shares and a 2.9 percent drop in Al Rajhi Bank shares.

George Pavel, General Manager at Capex.com, said that the market may continue on the downward path if current conditions persist.

The main stock index fell Dubai 0.8 percent.

And in Abu DhabiThe index fell 1.1 percent.

On the other hand, prices rose OilIt is a catalyst for the Gulf financial markets.

Outside the Gulf region, the leading stock index fell in… Egypt 1.7 percent, with most of the stocks listed on it declining, including Talaat Moustafa Group Holding shares, which fell 3.5 percent.



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