Most Gulf bourses fall as Omicron worries weigh – Reuters
- Date: 27-Dec-2021
- Source: Reuters
- Sector:Financial Markets
- Country:Gulf
Most Gulf bourses fall as Omicron worries weigh – Reuters
Dec 27 (Reuters) - Most Gulf stock markets ended lower on Monday, with investor sentiment hit by uncertainty over the economic impact of the Omicron coronavirus variant.
The spread of the Omicron variant is becoming an increasing concern despite reports of it having a less serious impact on health than previous variants, said Farah Mourad, senior market analyst at XTB MENA.
Saudi Arabia's benchmark index (.TASI) dipped by 0.1%, with Al Rajhi Bank (1120.SE) losing 0.7% and Riyad Bank (1010.SE) declining 1.5%.
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