A GCC market trading hall
Gulf stock indices collectively slumped today, Aug. 5, coinciding with a drop in Asian markets on concerns about a slowing US economy.
Asian stock markets experienced widespread losses during today’s trading. A sharp sell-off by investors due to uncertainty about a US economic slowdown led to the suspension of automated trading in South Korea.
The Dubai Financial Market (DFM) topped the list of declining Gulf markets with a 4.5% slip, The following table shows the GCC markets’ stock performance today:
|
Gulf Markets’ Stock Performance |
||
|
Market |
Level (Points) |
Change (%) |
|
Dubai |
4046 |
(4.5%) |
|
Abu Dhabi |
8975 |
(3.4%) |
|
Saudi Arabia |
11504 |
(2.1%) |
|
Kuwait |
7544 |
(2.0%) |
|
Bahrain |
1931 |
(1.0%) |
|
Muscat |
4602 |
(1.0%) |
|
Qatar |
10057 |
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