The stock markets in the Gulf ended on Sunday as investors became concerned about President Donald Trump’s trade tensions with China and the potential definitions of other countries.
Trump said on Friday that he intends to announce a mutual tariff in many countries by Monday or Tuesday next week, a major escalation of his attack to reshape global trade relations in favor of the United States.
The standard of the standard in the Kingdom of Saudi Arabia gained 0.3 %, as Al -Raji Bank increased by 1.3 % and the country’s largest lending bank was 0.7 %.
Trump’s plan to take over the Gaza Strip, which was transferred to the war and economic development, has sparked fears between Arab countries.
The Kingdom of Saudi Arabia strongly rejected the comments of Israeli Prime Minister Benjamin Netanyahu about removing the Palestinians from their land. In a statement issued on Sunday, the Saudi Ministry of Foreign Affairs confirmed its factional opposition to such observations.
In Qatar, the index decreased by 0.3 %, as it decreased by 0.3 % in the largest Qatar National Bank in the Gulf.
Elsewhere, Dairy Baladna fell 2 % after spreading a slight decrease in the fourth quarter profits.
Outside the Gulf, the Egypt SIM index ended.
The Kingdom of Saudi Arabia increased by 0.3 % to 12469
Qatar decreased by 0.3 % to 10,584
Egypt was flat at 30,014
Bahrain increased by 0.3 % to 1,888
Oman lost 0.3 % to 4551
Kuwait added 0.2 % to 8,436
