Gulf bourses begin week down, however Qatar barely up


Petrochemical shares dragged Saudi Arabia’s fairness index decrease in early commerce on Sunday after oil costs fell four % on the finish of final week, whereas Qatar’s important index regained some floor.


Riyadh’s foremost index slipped zero.three % after quarter-hour of commerce, with bellwether petrochemical producer Saudi Primary Industries declining zero.9 %.


The retail phase was additionally weak, with one of many largest electronics shops, Jarir Advertising, down %.


Dubai’s major index fell zero.5 %, with losers outnumbering gainers 12-to-three. Emaar Properties, the most important listed developer, was down zero.eight % and Dubai Monetary Market, the one listed inventory change within the Gulf, dropped 1.5 %.


Revenue taking over final week’s prime performing shares weighed on Abu Dhabi’s index, which slipped zero.three %. Abu Dhabi Nationwide Power misplaced 1.9 %.


However Qatar’s index, which was down 1.2 % in a risky week, added zero.2 %.


Some shares, which at the moment are members of the FTSE secondary rising market index climbed, with Ezdan Holding Group including 1.three %.

The publish Gulf bourses begin week down, however Qatar barely up appeared first on Gulf Retail.

Supply: Press Launch