Gulf markets plunge collectively last week

Daily News Egypt
1 Min Read
Abu Dhabi, UNITED ARAB EMIRATES: Emirati and Arab men discuss the stock rates at the Abu Dhabi Stock Market 14 March 2006. Share markets in the oil-rich Gulf states, including the Saudi bourse -- the largest in the Arab world -- dived further today.The Saudi Tadawul All-Shares Index (TASI) dropped for the fourth day running, shedding 4.82 percent to end below the 15,000-point psychological barrier for the first time this year at 14,887.74 points. AFP PHOTO/STR (Photo credit should read STR/AFP/Getty Images)

 

The Arab Gulf stock markets experienced a collective decline over the past week, contrary to its good performance during the previous week.

Dubai led the region wide decline by finishing 1.88% lower, recording 3,307.7 points, with an average daily trading value of AED 257.302m.

Abu Dhabi also declined by 1.35% and settled at 4,327.6 points, with an average daily trading value of AED 79.233m.

Muscat fell by 1.32% to reach 9,791 points, with an average trading value of 93.013m Riyals.

The Saudi market fell slightly by 0.37% and closed at 6,543 points, recording an average daily trading value of 3.195bn Riyals.

Kuwait ended its trading last week at 5,380.5 points, registering a decline of 0.29%, with an average trading value of 9.013m dinars.

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