Most Gulf bourses fall as Omicron concerns weigh – Reuters
- Date: 27-Dec-2021
- Source: Reuters
- Sector:Financial Markets
- Country:Gulf
Most Gulf bourses fall as Omicron concerns weigh – Reuters
Dec 27 (Reuters) - Most stock markets in the Gulf fell in early trade on Monday, with the Saudi index leading the losses, as uncertainty over the economic impact of the Omicron coronavirus variant weighed on investor sentiment.
Coronavirus infections have started rising again across the six Gulf Arab states after months of low or falling figures, data from health ministries showed on Thursday. read more
Saudi Arabia's benchmark index (.TASI) dropped 0.7%, with Al Rajhi Bank (1120.SE) losing 0.6% and Saudi National Bank (1180.SE), the kingdom's largest lender, retreating 1%.
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