2024-01-29T16:14:05+00:00
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/ The effects of the drone attack in Jordan, which killed three American soldiers, appeared on most stock markets in the Gulf, as they closed on Monday, lower, amid investor caution about escalating geopolitical tensions in Jordan, and the Dubai Stock Exchange alone closed higher.
US President Joe Biden and officials said on Sunday that at least 34 soldiers were also wounded in the attack by gunmen on US forces in northeastern Jordan, in a dangerous escalation of tensions sweeping the Middle East.
The Qatari index fell 1.9 percent, extending a losing streak for three sessions. Almost all stocks recorded losses by the end of the session.
Qatar Islamic Bank shares fell 3.2 percent and Qatar National Bank shares fell 2.1 percent.
The Saudi index fell 0.1 percent, with most sectors declining.
Shares of MBC Group fell 2.9 percent and Al Rajhi Bank, the world’s largest Islamic bank, fell 1.1 percent.
The Abu Dhabi index closed down for the third consecutive session by about 0.2 percent, affected by a 1.0 percent loss in Alpha Dhabi Group and a 2.3 percent loss in First Abu Dhabi Bank.
Dubai’s index rose 0.2 percent, supported by gains in most sectors, with Dubai Islamic Bank and Salik toll company shares rising 1.1 percent and 0.9 percent, respectively.
Emirates Central Cooling Systems lost 2.2 percent and Emaar Properties lost 0.4 percent.
Outside the Gulf, Egypt’s index rose for the third straight session, recording gains of 2.1 percent, with Commercial International Bank up 8.5 percent and Abu Qir Fertilizers and Chemical Industries up 7.1 percent.