Tension in the Gulf leads the Arab bourses to the red zone in Monday's session

Economy and stock exchange

The Gulf bourses suffered sharp losses during Monday's session due to investor sales for fear of escalating the situation after the sabotage operations targeting UAE merchant vessels in the Gulf of Oman.

The UAE Ministry of Foreign Affairs and International Cooperation announced that 4 civilian commercial cargo ships from several nationalities were attacked by the state's territorial waters in the Gulf of Oman towards the eastern coast near the emirate of Fujairah and near the territorial waters and in the economic waters of the UAE on Sunday morning.

Meanwhile, Saudi Energy Minister Khaled Al-Falih revealed the details of two Saudi oil tankers being subjected to a sabotage attack in the UAE's territorial waters.

Dubai Stock Exchange

Dubai Financial Market index dropped by 3.97% to close at 2525.61 points, losing 104.29 points.

Volume reached 231.1 million shares, with a total value of AED 300.1 million executed through 4599 deals for 36 shares.

The real estate sector fell by 7.49%, followed by the real estate sector by 5.64%, followed by the investment sector by 5.23%, the insurance sector by 3.83%, the banking sector by 3.49%, the transport sector by 3.01%, and the services sector by 1.80%, followed by Telecommunications [0.98%].

Salam Group Holding gained 2.09%, followed by Ithmaar Holdings by 1.74%. The losers were National Industries Group Holding [10%] and Union Properties [10%].

Saudi Stock Exchange

The general index of the Saudi stock market, "Tasi", ended the trading session Monday, by 3.55% losing 308.02 points to close at 8366.64 points, and the index of the parallel market – growth of 1.97% losing 68.99 points to close at 3424.31 points.

The volume of trading on the Saudi Stock Exchange closed at 184.5 million shares worth 5.3 billion riyals, the shares of 8 companies, while 174 companies declined.

The real estate sector was the most active sectors with a decline of 3.75%, followed by the basic materials sector by 3.65%, followed by the consumer services sector by 3.40% .

Qatar Exchange

The Qatar Exchange fell 1.89%, or 188.02 points, to close at 9740.20.

Trading on the Qatar Exchange closed at 15.7 million shares valued at 328.99 million Qatari riyals through 8354 transactions, 5 shares rose, 38 declined and 3 shares settled.

Followed by the real estate sector with a decrease of 4.84%, followed by the transport sector by 3.61%, followed by the insurance sector by 2.66%, followed by the transport sector by 2.61%, followed by the telecommunications sector by 2.59%, followed by the industrial sector by 0.44% Consumer spending by 0.44%.

Kuwait Stock Exchange

KUWAIT: Kuwait Stock Exchange [KSE] indexes ended lower on Monday, with five sectors falling.

The general market index decreased by 1.05%, losing 59.5 points to close at 5632.49 points. The index of the first market shed 1.37%, losing 84.33 points to close at 6078.86 points. The benchmark index was down 0.17% losing 8.29 points to close at 4770.46 points.

The deal was closed at 126.7 million shares worth KD 33.3 million through 5,830 transactions.

On the Kuwait Stock Exchange, the sectors headed down by 1.44%, followed by the Industrial sector by 1.06%, followed by Real Estate by 0.89%, Financial Services by 0.81%, Oil & Gas by 0.23% and Basic Materials by 0.0%. The consumer services sector rose by 1.24%, followed by the consumer goods sector [0.36%] and the telecommunications sector [0.12%].

Sinarji topped the list of green listed on the stock exchange with a growth of 16.90%, followed by funds by 10%, livestock by 10%, while Red Centers was down 19.60% and Arjan 9.77% 9.64%

Bahrain Stock Exchange

Bahrain Financial Market Index fell by 0.81% to close at 1416.15 points today, under pressure from banks, investment, industry and services sectors.

Trading on the Bahrain Stock Exchange ended with a volume of 2.2 million shares worth BD410,000.

Bahrain Commercial Bank led the decline in the Commercial Banks sector by 24.27%, under pressure of Ahli United Bank to fall 1.22%, Al Salam Bank-Bahrain by 1.22%, then Investment by 8.85%, while the shares of GFH fell 7.69% By 6.28%. Aluminum Bahrain was down 0.61%, followed by Services that fell 3.67%. Bahrain Telecommunications Co fell 0.61%.

[tto] t