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This page is the English version of Almasirah Media Network website and it focuses on delivering all leading News and developments in Yemen, the Middle East and the world. In the eara of misinformation imposed by the main stream media in the Middle East and abroad, Almasirah Media Network strives towards promoting knowledge, principle values and justice, among all societies and cultures in the world

Major Gulf Bourses Extend Losses on Economic Slowdown Worries

News - Middle East: Major stock markets in the Gulf declined in early trade on Monday, in line with global equities and oil prices as concerns over slowing economic growth and shrinking fuel demand weighed on investor sentiment.

MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.4%, while Tokyo's Nikkei fell 0.7%.

Dubai's main share index declined 2%, dragged down by a 3% slide in blue-chip developer Emaar properties and a 2.1% fall in Sharia lender Dubai Islamic Bank.

In Abu Dhabi, equities dropped 1.4%, pressured by a 1.3% fall in First Abu Dhabi Bank, the United Arab Emirates' largest lender, and a 5.3% decline in investment firm Multiply Group.

The Qatari index fell 0.9%, hit by a 3.6% decline in petrochemical maker Industries Qatar.
Saudi Arabia's benchmark index slipped 0.2%, wiping out gains for the year with oil giant Saudi Aramco retreating 0.4%, while Riyad Bank eased 0.2%.
In Oman, the index edged up 0.1%, supported by a 1.6% jump in HSBC Oman Bank.

Source: Reuters

#Economy #Dubai #Saudi_Arabia #Gulf #Qatar #Oman About 2 years
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This page is the English version of Almasirah Media Network website and it focuses on delivering all leading News and developments in Yemen, the Middle East and the world. In the eara of misinformation imposed by the main stream media in the Middle East and abroad, Almasirah Media Network strives towards promoting knowledge, principle values and justice, among all societies and cultures in the world

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