The Gulf markets fell, led by the Kuwait Stock Exchange


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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