[size=38]Ukraine Crisis Puts Pressure On Gulf Countries, Stock Markets Close DownECONOMICLAST UPDATE 03/13/2022 | 7:55 PM
Information / follow up..
Most of the stock markets in the Gulf region closed lower on Sunday, affected by the uncertainty over the conflict in Ukraine.
A Ukrainian official said that a Russian missile attack on a large Ukrainian military facility near the border with NATO member Poland killed 35 people and wounded 134 on Sunday.
The Saudi market index fell 0.6%, and Aramco's share fell 2.8%, extending its losses for the third consecutive session. The oil giant's stock has fallen more than 10% since the beginning of the year as oil prices have risen since the Russian invasion of Ukraine.
Among the losers was the share of Dur Hospitality, which fell 5.4%, after the company canceled initial consultations related to its merger with Tiba Investments.
In Qatar, the index fell 1.1% with the decline of most of the shares listed on it, including the share of Qatar National Bank, the largest bank in the country, which fell by 2%.
The Oman Stock Exchange index bucked the general trend and rose 0.5%.
Outside the Gulf region, the leading shares index in the Egyptian Stock Exchange rose 0.3%, supported by the rise of the share of Commercial International Bank by 2.4%. finished/25h