Most Gulf Stock Markets Fell Today, Monday, As Oil Prices Fall Amidst Growing World Anxiety Investors are concerned about the escalation of tension between Ukraine and Russia.
Central banks’ determination to curb rising inflation rates at the expense of economic growth and corporate profits has exacerbated equity market fears.
Oil prices fell, today, Monday, from their highest levels in five weeks, with the market taking profits, following strong gains last week, amid expectations of limited supplies following the OPEC + decision to cut back. production and before the European Union imposed a ban on Russian oil.
The Saudi “TASI” index fell by 0.47% to 11,512 points.
The Dubai main market index lost 0.89% to the 3342 point level and the Abu Dhabi index fell 0.62% to the 9810 point level.
In Qatar, the main index fell slightly by 0.03% to 12,980 points.
The first market index in Kuwait closed 2.61% at the 7831 points level and the Bahrain general index fell 0.19% to close at the 1879 points level.
The general market index of Muscat fell by 0.56% to 4531 points at the close, while the Amman stock market index closed up by 0.36% to 2491 points.
Outside the Gulf region, the Egyptian blue chip index rose 0.15% to 9,955 points.
