The Gulf markets fell, led by the Kuwait Stock Exchange

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Most of the Gulf stock markets closed lower on Tuesday, and financial sector stocks led the decline, especially in Kuwait, amid widespread investor reluctance.
In Kuwait, the index fell 2.2%, to record the largest daily decline since April, and Kuwait Finance House fell 2.4%.The main index in Saudi Arabia lost 0.6%, as Aramco lost 1% and Al-Rajhi Bank lost 0.6%.

Mobile Telecommunications Company Zain Saudi Arabia jumped 7.8%, after the company said in a disclosure to the stock exchange that it had raised a loan of 6 billion riyals ($ 1.6 billion) to refinance an existing debt and provide additional liquidity to support growth.

The main index of the Dubai Stock Exchange gave up its early gains, closing down 0.4%, while the Abu Dhabi index advanced 0.1%, thanks to the rise of First Abu Dhabi Bank, the UAE’s largest bank, by 0.4%.





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