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and fell Crude oil pricesa major catalyst for financial markets in the Gulf, amid fears that sharp increases in interest rates by global policymakers to slow economies and affect demand, while the imposition of new restrictions to combat the Corona virus in China to put more pressure on prices.
A private sector survey showed Chinese factory activity contracted for the first time in three months in August amid weak demand.
The main index in Saudi Arabia fell 1.24 percent, until midday, heading to incur losses for the second session, affected by the decline in the shares of Dr. Sulaiman Al-Habib Medical Services Group and the decline in Al-Rajhi Bank.
The Qatari index fell 1.4 percent, with most stocks on the index declining, including Qatar Islamic Bank.
In Abu Dhabi, the index fell about 1 percent with a loss in the shares of First Abu Dhabi Bank, the largest bank in the Emirates. The main stock index in Dubai also fell by 0.3 percent.
and decline oil prices Today, the price of Brent crude fell by about 1.6 percent to about $ 94 a barrel, and West Texas Intermediate crude by 1.5 percent to $ 88 a barrel.
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and fell Crude oil pricesa major catalyst for financial markets in the Gulf, amid fears that sharp increases in interest rates by global policymakers to slow economies and affect demand, while the imposition of new restrictions to combat the Corona virus in China to put more pressure on prices.
A private sector survey showed Chinese factory activity contracted for the first time in three months in August amid weak demand.
The main index in Saudi Arabia fell 1.24 percent, until midday, heading to incur losses for the second session, affected by the decline in the shares of Dr. Sulaiman Al-Habib Medical Services Group and the decline in Al-Rajhi Bank.
The Qatari index fell 1.4 percent, with most stocks on the index declining, including Qatar Islamic Bank.
In Abu Dhabi, the index fell about 1 percent with a loss in the shares of First Abu Dhabi Bank, the largest bank in the Emirates. The main stock index in Dubai also fell by 0.3 percent.
and decline oil prices Today, the price of Brent crude fell by about 1.6 percent to about $ 94 a barrel, and West Texas Intermediate crude by 1.5 percent to $ 88 a barrel.