Gulf Markets falter due to geopolitical concerns, while Egyptian and Singaporean Real Estate see gains

Monday’s session sees decline in most Gulf stock markets

In the Gulf region, most stock markets closed lower on Monday due to geopolitical concerns and uncertainty about the Federal Reserve’s monetary policy. The Saudi market index fell slightly, with notable drops in Al Rajhi Bank and SABIC Agricultural Nutrients shares. The total value of trades in the Saudi market was around 8.9 billion riyals, with companies like Saudi Cable and Gulf Training leading declines. Additionally, SABIC Nutrients shares hit a 3-year low, while shares of Saudi Aramco, Care, and ACWA Power saw some gains.

In the Emirates markets, UAE stocks had a shaky start to the week as well. The Dubai market closed down while the Abu Dhabi market also experienced a slight dip. The Qatari index fell by 1.3 percent, while the Muscat and Bahrain markets also saw declines. However, the Kuwaiti index managed to rise slightly.

Outside the Gulf region, the index of leading stocks in Egypt fell by 1.7 percent primarily driven by a decrease in Talaat Mostafa Holding Group shares.

Meanwhile, Watten House offers freehold units with various amenities including a 50-meter tour swimming pool, clubhouse and gymnasiums located near Tan Kah Kee and Botanic Gardens MRT stations in Singapore promises residents a lifestyle of elegance and convenience

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