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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

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Gulf stock exchanges are falling amid the gloomy scene in China

    Rocky
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    • Post n°1

    Gulf stock exchanges are falling amid the gloomy scene in China Empty Gulf stock exchanges are falling amid the gloomy scene in China

    Post by Rocky Tue 05 Sep 2023, 5:00 am

    [rtl]Gulf stock exchanges are falling amid the gloomy scene in China[/rtl]

    economy  ,  04/09/2023 10:12  , number of readings: 150 
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    [rtl]Baghdad-Iraq today:

    Most stock markets in the Gulf closed lower, affected by the contraction of the manufacturing sector in China, whose economy showed signs of stalling, which negatively affected investor sentiment.

    Last Thursday's data showed that manufacturing activity in China, the world's second-largest economy, contracted for the fifth consecutive month in August, while the service sector's growth eased slightly.

    In Qatar, the main index fell for the third consecutive session and closed down 0.1 percent, with most sectors declining.

    Qatar National Bank, the largest lender in the region, fell 0.6 percent and Commercial Bank fell 1 percent.

    The Saudi index fell 0.3 percent, affected by a 1.3 percent decline in the giant oil company, Saudi Aramco.

    However, Saudi Basic Industries Corporation (SABIC) rose 1.8 percent after it said, on Sunday, that it had agreed to sell its unit, the Saudi Iron and Steel Company, Hadeed, to the Saudi Public Investment Fund for 12.5 billion riyals ($3.33 billion). ).

    Outside the Gulf region, the blue-chip index in Egypt fell 0.8 percent, ending a series of gains that lasted for six sessions, with most sectors declining.

    The index was affected by the decline in the share of the Commercial International Bank by 1.3 percent and the share of El Sewedy Electric by 3.7 percent.[/rtl]
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    [/rtl]
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