Most stock markets in the Gulf ended on Monday due to the uncertainty surrounding the American commercial policy, although the Qatari index has succeeded the direction.
US President Donald Trump reaffirmed his commitment to enforcing the customs tariff, with a recent dispute with Colombia focusing on issues related to immigration that prompted Trump to threaten the country with definitions and sanctions. This step sent a clear indication that the United States will not hesitate to act to protect its interests.
Investors in the region are increasingly cautious because of the unpredictable nature of American trade decisions, which have the ability to significantly affect global markets. Continuous tensions between the United States and its commercial partners have created an atmosphere of uncertainty, making it difficult for investors to make informed decisions.
The record index in the Kingdom of Saudi Arabia abandoned early gains to close 0.1 % less, decrease 0.5 % in Al Raji Bank and decrease by 2.1 % in the Saudi Mining Company.
However, the indicator losses were limited to the gains in the real estate department with the increase of JABAL DELELOPMENT 10 %.
The Capital Market Authority in the Kingdom (CMA) said that foreign investors will be allowed to invest in real estate companies listed in Saudi Arabia operating in Mecca and Medina as of January 27.
Dubai’s main stock index decreased by 0.7 %, and weighing a 2.3 % decrease in EMAAR Properties.
In Abu Dhabi, the index reduce 0.1 %.
Meanwhile, the oil market momentum was kept under examination as prices were fluctuated inside and outside the negative lands, with the brink of the abyss, although the United States has declined from the preliminary sanctions threats against Colombia, which reduces immediate concern about oil supplies.
The Qatar Standard increased by 0.2 %, helped 1.5 % in the Commercial Bank.
Outside the Gulf, the blue chip index in Egypt decreased by 1 %, as most of its voters were in negative lands, including the World Trade Bank, which decreased by 0.8 %.
---------------------------------------- SAUDI ARABIA fell 0.1% to 12,373 Abu Dhabi lost 0.2% to 9,553 Dubai down 0.7% to 5,192 QATAR gained 0.2% to 10,667 EGYPT declined 1% to 29,742 BAHRAIN eased 0.5% to 1,890 OMAN rose 0.2% to 4,561 KUWAIT added 0.8% to 8,361 ----------------------------------------
