Hundreds of Beirut residents fled their homes late yesterday evening, Sunday, in preparation Israel To attack sites linked to the financial operations of the Hezbollah group.
Stock movements
The Saudi index rose by 1.1 percent, driven by a 2.8 percent increase in Al Rajhi Bank shares and a 0.4 percent increase in Al Tayseer Aluminum Products Manufacturing Group shares.
Company shares rose Saudi Aramco Oil giant 0.2 percent.
Oil prices, a catalyst for Gulf financial markets, increased to reduce some of last week’s losses, which amounted to more than seven percent, after data showed a slowdown in economic growth in China, the world’s largest oil importer, as well as a decline in fears about the possibility of disruption to supplies from the Middle East.
The Dubai index rose 0.2 percent after Emaar Properties shares rose 2.3 percent.
The indicator closed Abu Dhabi Stable.
In a separate context, today the Emirati Lulu Group, which operates one of the largest hypermarket chains in the Middle East, launched an initial public offering that bankers say could be the largest in the world. The UAE this year.
The Qatari index fell 0.1 percent, with Qatar Islamic Bank shares falling 1.9 percent.
At the same time, Qatar is having difficulty agreeing on new deals to supply liquefied natural gas to… Japan andSouth KoreaDoha’s decades-long dominance of the market faces challenges due to increasing competition from the United States and others with more flexible contract terms.
Outside the Gulf region, the leading stock index jumped Egypt 3.1 percent, ending three sessions of losses, as almost all stocks included in the index rose, including Commercial International Bank, which rose 3.9 percent.
