Trading at one of GCC markets
Stock markets in the Gulf region closed in the red today, Nov. 28, with Dubai Financial Market (DFM) General Index leading the slump as it fell 5.2%. Saudi Arabia’s Tadawul All Share Index (TASI) followed with a drop of 4.4% or more than 500 points.
Oman's exchange is closed on Nov. 28-29 on occasion of the National Day.
The global markets witnessed severe declines on Friday, Nov. 26, after the World Health Organization warned against the new COVID-19 variant discovered in South Africa, as it contains a large number of mutations that threaten to resist vaccines.
Oil prices also plunged more than 11%. Brent crude fell 11.6% to $72.72 a barrel, while NYMEX crude contracts declined 13% to $68.15 a barrel.
|
GCC Markets Performance |
||
|
Market |
Level (points) |
Variation |
|
Saudi Arabia |
10872 |
(3.8%) |
|
Dubai |
3006 |
(5.2%) |
|
Abu Dhabi |
8278 |
(2.1%) |
|
Kuwait |
7513 |
(2.7%) |
|
Qatar |
11464 |
(2.8%) |
|
Bahrain |
1775 |
(1.9%) |
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