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Oil prices put pressure on shares of Gulf
Agencies - overshadowed limited declines on the performance of the GCC stock markets on Monday, as it dropped the Saudi stock market index at the close of about 0.62%, to the level of 8482 points, trades worth 6.6 billion riyals.
The Saudi market to strong pressures from the petrochemical sector, which lost 1.74% index, while banks and financial services index fell 0.64%.
And Brent crude was trading near $ 50 on Monday and received raw deal of support from the decline in the pace of growth of production in the United States, but the issuance of forecasts weak economic data from China impair the market. The price of futures contracts for Brent crude to $ 50.12 a barrel, down 5 cents, and the prices have dropped about 50 cents in early trading.
And led the most active stock market Arabia metals B504 million riyals, Development 472 million riyals, and in the third place share Dar Al Arkan was 297 million riyals, and SABIC B295 million riyals.
Saudi Arabia has come under strong Investment Group losses B3.55%, with the decline in profits by 60%, dragged down oil prices.
DFM also fell by 0.16%, to 3893 points, active trades exceeded one billion dirhams.
And Anhvd Arabtec shares 3.13%, to 3.10 dirhams, Emaar Properties 1.81%, to 7.61 dirhams, and Dubai Investments 3.43%, to 2.44 dirhams.
Bucking the trend of the rest of the Abu Dhabi Gulf markets index, which rose by 0.26%, to the level of 4576 points, pressure from the investment, real estate, energy and industry sectors, but also the right MSM index 0.97%.
The Kuwait Stock Exchange index ended the day's trading on the decline 0.42%, to the level of 6623 points, and Qatar by 0.21%, to 11891 points. The Bahrain Stock Exchange index fell 0.10%, to the level of 1431 points.
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Agencies - overshadowed limited declines on the performance of the GCC stock markets on Monday, as it dropped the Saudi stock market index at the close of about 0.62%, to the level of 8482 points, trades worth 6.6 billion riyals.
The Saudi market to strong pressures from the petrochemical sector, which lost 1.74% index, while banks and financial services index fell 0.64%.
And Brent crude was trading near $ 50 on Monday and received raw deal of support from the decline in the pace of growth of production in the United States, but the issuance of forecasts weak economic data from China impair the market. The price of futures contracts for Brent crude to $ 50.12 a barrel, down 5 cents, and the prices have dropped about 50 cents in early trading.
And led the most active stock market Arabia metals B504 million riyals, Development 472 million riyals, and in the third place share Dar Al Arkan was 297 million riyals, and SABIC B295 million riyals.
Saudi Arabia has come under strong Investment Group losses B3.55%, with the decline in profits by 60%, dragged down oil prices.
DFM also fell by 0.16%, to 3893 points, active trades exceeded one billion dirhams.
And Anhvd Arabtec shares 3.13%, to 3.10 dirhams, Emaar Properties 1.81%, to 7.61 dirhams, and Dubai Investments 3.43%, to 2.44 dirhams.
Bucking the trend of the rest of the Abu Dhabi Gulf markets index, which rose by 0.26%, to the level of 4576 points, pressure from the investment, real estate, energy and industry sectors, but also the right MSM index 0.97%.
The Kuwait Stock Exchange index ended the day's trading on the decline 0.42%, to the level of 6623 points, and Qatar by 0.21%, to 11891 points. The Bahrain Stock Exchange index fell 0.10%, to the level of 1431 points.
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