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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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North Korea's rocket hits most of the Gulf bourses

rocky
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 North Korea's rocket hits most of the Gulf bourses Empty North Korea's rocket hits most of the Gulf bourses

Post by rocky Wed 30 Aug 2017, 6:17 am


North Korea's rocket hits most of the Gulf bourses


30/08/2017


The Gulf bourses, excluding Muscat, closed at the end of Tuesday after surging geopolitical tensions after North Korea fired a missile into Japan.

This comes after North Korea launched a new ballistic missile test, sparking a worldwide wave of condemnation, followed by the UN Security Council on Tuesday at the request of Japan and America

The North Korean rocket passed over the Japanese island of Hokkaido (north) before splitting into three parts and landing in the Pacific, about 1,000 kilometers from land.

"The situation in the world is very volatile, and there is a clear shift from stocks to safe havens," said Marwan al-Sharshabi, director of asset management at Egypt-based Fajr Financial Consultancy.

"Today's volatility has affected most of the global and regional stock and commodity markets, and we believe it may continue until the end of this week, especially as oil has fallen from Hurricane Harvey in America," Sharshabi said in a telephone conversation with Anatolia.

Qatar was the top loser with its index dropping 0.92 percent to 8,858 points, with Qatar National Bank down 1.28 percent, Industries Qatar at 1.21 percent and Masraf Al Rayan down 0.72 percent.

In the UAE, the Abu Dhabi Capital Market Index fell 0.48 percent to 4,463 points, with Dana Gas down 1.54 percent, Abu Dhabi First Bank 1.42 percent and Abu Dhabi Islamic Bank 0.54 percent.

Dubai's index fell 0.06 percent to 3,610 points, with Dubai Islamic Bank down 0.8 percent and Dubai Investment down 0.4 percent.

Bahrain's bourse fell 0.14 percent to 1298 points, with GFH down 3.12 percent, Bahrain Islamic Bank down 1.42 percent and BBK 0.5 percent lower.

The performance of Kuwait's three main indices fell, and the price index fell 0.14 percent to 6,899 points. The weighted index rose 0.32 percent to 432 points, while the Kuwait 15 index for leading shares rose 0.29 percent to 991 points.

The Saudi bourse, the largest in the Arab world, was at the bottom of the list with its main index tumbling 0.04 percent to 7,258 points, with shares such as Al Rajhi Bank down 0.31 percent.

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