The military escalation continued in the region, as the Israeli army said that it killed a member of the Lebanese Hezbollah group in SyriaWhile Syrian media reported on Thursday that Israeli air strikes hit targets in the country.
Stock movements
Index went up Saudi market By 0.6 percent, supported by the rise of Al Tayseer Aluminum Products Manufacturing shares by 1 percent and Al Rajhi Bank by 1.7 percent.
The Saudi index rose by 0.3 percent during the week.
Joseph Dahria, managing director at TikMail, said that the market was negatively affected by the possibility of further escalation, which weakened the optimism resulting from anticipation of companies’ third-quarter results expected later this month.
He added: “These results could support the market. But the future path is still uncertain.”
Index rose Dubai Financial Market The main stock rose by 0.3 percent, with Dubai Islamic Bank shares rising by 0.7 percent.
The index fell Abu Dhabi 0.3 percent at the end of trading.
There was no significant change in the Qatari index at the close of trading on Thursday.
Outside the Gulf region, the leading stock index declined in… Egypt 1.3 percent, with Commercial International Bank shares falling 1.8 percent.
Prime Minister Mostafa Madbouly said yesterday, Wednesday, that the fourth review of the International Monetary Fund related to the eight billion dollar loan program provided to Egypt was postponed until after the Fund’s annual meetings.
He mentioned International Monetary Fund In August, the fourth review is expected to be completed on September 15 or later, one of eight reviews of Egypt’s latest 46-month loan program.
