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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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Established in 2006 as a Community of Reality

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    The Gulf Markets Are Catching Up With The Global Stock Exchanges And Recording A Significant Decline

    Rocky
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    • Post n°1

    The Gulf Markets Are Catching Up With The Global Stock Exchanges And Recording A Significant Decline Empty The Gulf Markets Are Catching Up With The Global Stock Exchanges And Recording A Significant Decline

    Post by Rocky Sun 12 Jun 2022, 7:32 am

    [size=38]The Gulf Markets Are Catching Up With The Global Stock Exchanges And Recording A Significant Decline
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    06/12/2022 | 3:23 PM
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    Information / follow up..
    Gulf stock markets fell in trading today, Sunday, tracking the impact of global markets, which ended last week's trading with a significant decline.
    And US stocks closed sharply lower on Friday, and recorded the largest weekly percentage decline since January 2022, as the US Department of Labor report showed that the consumer price index rose by 1% last month after rising by 0.3% in April.
    Maytham, an expert in financial markets, said that what happened last Friday in global markets, from a sharp decline, is reflected in the beginning of the week's trading in the Gulf markets, amid anticipation of an interest rate hike by the US Federal Reserve.
    He considered in an interview, that it is normal for the Gulf markets to witness great pressures.
    The person pointed out that the rise in oil prices will reflect an increase in inflation, despite the fact that the countries of the region are energy exporters, because most foodstuffs and commodities are imported.
    The Saudi stock market index “TASI” decreased in today’s transactions by 1.75% or 220 points, to fall to the point 12383, and the value of trades amounted to 5.8 billion riyals, through the circulation of 136 million shares, and trading witnessed an increase of 11 shares, while 199 others decreased.
    The first market index in the Kuwait Stock Exchange fell by 2.09%, or 176.57 points, to reach the level of 8260 points.
    Shares of Kuwait Finance House fell by 3%, Ali Al-Ghanim Sons Automotive Company by 1.9%, Zain Mobile Communications by 1.2%, and Bahrain's Ahli United Bank by 3.4%.
    The shares of Agility Public Warehousing fell 1.6%, National Investments 4.8%, and Kuwait Real Estate 4.6%, and the value of trading reached 51.8 million dinars, and the volume of traded shares was 169.6 million shares.
    The Qatar Stock Exchange index closed down by 1.39%, or 181.7 points, to the level of 12,917 points.
    The Bahrain Stock Exchange index fell by 0.69% to the level of 1870 points, while the Muscat Stock Exchange index fell by 0.21% to 4125 points. finished/25h
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