Dubai-Sana
Most Gulf bourses suffered heavy losses today, affected by the drop in global stocks and oil prices.
Reuters reported that the Saudi Stock Exchange fell 1.3 percent due to losses in the banking sector shares, Al-Rajhi Bank fell 1.1 percent, and Alinma Bank lost 3.7 percent after announcing a decrease in annual net profit by 11.3 percent, Saudi Mining Company shares fell 3.3 percent and Aramco shares fell 0.6 percent to 33.95 riyals, i.e. The equivalent of $ 05.05, its lowest level since it began trading on December 11.
The Dubai index closed down 0.9 percent, Emirates NBD fell 1.5 percent and Dubai Islamic Bank lost 0.9 percent.
In Abu Dhabi, the stock index lost 0.08 percent, the share of First Abu Dhabi Bank, the largest bank in the Emirates, fell one percent, and the share of Etisalat fell 0.7 percent.
Qatar’s index fell 0.0 percent, Qatar’s fuel lost 4.2 percent, while Qatar Islamic Bank fell 1.4 percent.