• Privacy Policy
LSD News
  • Home
  • Business
  • Crypto News
  • Finance
  • Health
  • Politics
  • Sports
  • Stock
  • Tech
  • Travel
No Result
View All Result
  • Home
  • Business
  • Crypto News
  • Finance
  • Health
  • Politics
  • Sports
  • Stock
  • Tech
  • Travel
No Result
View All Result
LSD News
No Result
View All Result
Home Stock

Most Gulf markets fall as Israel-Palestinian conflict rages

by
October 9, 2023
in Stock
0
Most Gulf markets fall as Israel-Palestinian conflict rages
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter



Oct 9 (Reuters) – Most stock markets in the Gulf sank on Monday as battles between Palestinian Islamist group Hamas and Israel ignited fears of a wider conflict in the Middle East.

Israel said its troops backed by helicopters had also killed a number of armed infiltrators entering the country from Lebanon, further raising concerns fighting could spread two days after Hamas gunmen burst in from Gaza on a deadly rampage.

Dubai’s benchmark index slumped 2.6%, the sharpest fall since June last year. The index was dragged down by losses in all sectors with real estate developers Emaar Properties

and Emaar Development dropping 4.4% and 5% respectively.

The emirate’s largest lender Emirates NBD sank 1.9% and Dubai Islamic Bank dropped 3.3%.

In Abu Dhabi, the benchmark index retreated for a fourth consecutive session and ended 1.3% lower, the lowest since May as almost all the stocks on the index were in negative territory.

State-owned oil major ADNOC’s units Abu Dhabi National Oil Company for Distribution and ADNOC Logisticslost 3.8% and 1.9% respectively.

Among the losers, the UAE’s largest lender First Abu Dhabi Bank slipped 1.2% and Abu Dhabi Islamic Bank shed 2%, while blue-chip developer Aldar Properties slumped 2.9%.

The Qatari index fell for a fourth straight session, ending 1.7% lower, with all stocks in the red.

The region’s largest lender Qatar National Bank dropped 2.6% and Qatar Islamic Bank slid 1.7%.

Saudi Arabia’s benchmark index recovered some of previous session losses, ending 0.2% lower after it slumped 1.6% in last session, the sharpest decline in 10 months.

The kingdom’s largest lender Saudi National Bank dropped 2.2% and Saudi Basic Industries shed 1.8%.

However, Etihad Atheeb Telecommunication rose 1.5% and the world’s largest Islamic bank by assets, Al Rajhi Bank gained 1.2%.

Outside the Gulf, Egypt’s blue-chip index recouped some of previous session losses and rose 0.3%.

The index was helped by gains in finance and communications sectors with Commercial International Bank rising 1.7% and Telecom Egypt adding 2.2%.

(What’s moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.

Top Trending Stocks: Sensex Today Live, SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

Related

Tags: BattlesconflictfallGulfHamasIsraelIsrael-Palestinian conflictIsraelPalestinianMarketsPalestinerages
Previous Post

Nvidia cancels AI Summit in Tel Aviv following Hamas attack on Israel

Next Post

Stocks making the biggest moves midday: General Dynamics, United Airlines, Spotify and more

Next Post
Stocks making the biggest moves midday: General Dynamics, United Airlines, Spotify and more

Stocks making the biggest moves midday: General Dynamics, United Airlines, Spotify and more

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected test

  • 131 Followers
  • 23.9k Followers
  • 99 Subscribers
ADVERTISEMENT
  • Trending
  • Comments
  • Latest
Hawaii officials work to address mental health challenges facing wildfire survivors

Hawaii officials work to address mental health challenges facing wildfire survivors

August 17, 2023
Wegovy heart health data is promising — but insurers face long road, high cost to cover obesity drugs

Wegovy heart health data is promising — but insurers face long road, high cost to cover obesity drugs

August 10, 2023
Working-age Americans are struggling to pay for health care, even those with insurance, report finds

Working-age Americans are struggling to pay for health care, even those with insurance, report finds

October 28, 2023
Weekend-only exercise can still offer major health benefits, study finds

Weekend-only exercise can still offer major health benefits, study finds

November 25, 2023
Ethereum Price To Reclaim $1,300, What Are The Possibilities?

Ethereum Price To Reclaim $1,300, What Are The Possibilities?

0
Tech layoffs in Southeast Asia mount as unprofitable startups seek to extend their runways

Tech layoffs in Southeast Asia mount as unprofitable startups seek to extend their runways

0
Stock market update: Stocks that hit 52-week lows on NSE in today’s trade

Stock market update: Stocks that hit 52-week lows on NSE in today’s trade

0
Wealthy Chinese keep on spending while others cut back, survey finds

Wealthy Chinese keep on spending while others cut back, survey finds

0
Amazon tests grocery subscription service for Prime members

Amazon tests grocery subscription service for Prime members

December 7, 2023
Big Blue’s Big Move: IBM Reveals Cutting-Edge Crypto Cold Storage Tech

Big Blue’s Big Move: IBM Reveals Cutting-Edge Crypto Cold Storage Tech

December 7, 2023
Nikki Haley’s South Carolina Strategy Has a Donald Trump Problem

Nikki Haley’s South Carolina Strategy Has a Donald Trump Problem

December 7, 2023
US stocks open higher on rate cut optimism

US stocks open higher on rate cut optimism

December 7, 2023

Recent News

Amazon tests grocery subscription service for Prime members

Amazon tests grocery subscription service for Prime members

December 7, 2023
Big Blue’s Big Move: IBM Reveals Cutting-Edge Crypto Cold Storage Tech

Big Blue’s Big Move: IBM Reveals Cutting-Edge Crypto Cold Storage Tech

December 7, 2023
Nikki Haley’s South Carolina Strategy Has a Donald Trump Problem

Nikki Haley’s South Carolina Strategy Has a Donald Trump Problem

December 7, 2023
US stocks open higher on rate cut optimism

US stocks open higher on rate cut optimism

December 7, 2023

We bring the latest news from all over the world and get all time updated you

Follow Us

Browse by Category

  • Arts & Entertainment, Music
  • Arts & Entertainment, Photography
  • Business
  • Business, Careers
  • Business, Customer Service
  • Business, Home Based Business
  • Business, Marketing
  • Business, Sales
  • Communications, Mobile Phones
  • Computers, Data Recovery
  • Computers, Games
  • Computers, Hardware
  • Crypto News
  • Disease & Illness, Breast Cancer
  • Fashion, Jewelry
  • Finance
  • Finance, Credit
  • Finance, Currency Trading
  • Finance, Investing
  • Finance, Real Estate
  • Finance, Taxes
  • Food & Beverage, Coffee
  • Food & Beverage, Gourmet
  • Food & Beverage, Wine
  • Health
  • Health & Fitness, Acne
  • Health & Fitness, Cardio
  • Health & Fitness, Diabetes
  • Health & Fitness, Exercise
  • Health & Fitness, Medicine
  • Health & Fitness, Weight Loss
  • Home & Family, Crafts
  • Home & Family, Gardening
  • Home & Family, Hobbies
  • Home & Family, Holidays
  • Home & Family, Home Improvement
  • Home & Family, Home Security
  • Home & Family, Landscaping
  • Home & Family, Pets
  • Internet Business, Affiliate Programs
  • Internet Business, Audio-Video Streaming
  • Internet Business, Blogging
  • Internet Business, Ecommerce
  • Internet Business, Email Marketing
  • Internet Business, Podcasts
  • Internet Business, SEO
  • Internet Business, Site Promotion
  • Internet Business, Web Design
  • Politics
  • Politics, Commentary
  • Politics, Current Events
  • Product Reviews, Book Reviews
  • Product Reviews, Consumer Electronics
  • Product Reviews, Movie Reviews
  • Product Reviews, Music Reviews
  • Recreation & Sports, Biking
  • Recreation & Sports, Fishing
  • Recreation & Sports, Martial Arts
  • Reference & Education, College
  • Reference & Education, Homeschooling
  • Reference & Education, K-12 Education
  • Reference & Education, Sociology
  • Self Improvement, Coaching
  • Self Improvement, Creativity
  • Self Improvement, Happiness
  • Society, Divorce
  • Society, Sexuality
  • Society, Weddings
  • Sports
  • Stock
  • Tech
  • Travel
  • Travel & Leisure, Aviation
  • Travel & Leisure, Destinations
  • Travel & Leisure, Travel Tips
  • Travel & Leisure, Vacations
  • Uncategorized
  • Vehicles, Boats
  • Vehicles, Cars
  • Writing & Speaking, Writing

Recent News

Amazon tests grocery subscription service for Prime members

Amazon tests grocery subscription service for Prime members

December 7, 2023
Big Blue’s Big Move: IBM Reveals Cutting-Edge Crypto Cold Storage Tech

Big Blue’s Big Move: IBM Reveals Cutting-Edge Crypto Cold Storage Tech

December 7, 2023
  • Privacy Policy

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • Privacy Policy

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

You have not selected any currencies to display