GCC stocks down for second straight month in June amid recession fears
- Date: 04-Jul-2022
- Source: Eye of Riyadh
- Sector:Financial Markets
- Country:Saudi Arabia
GCC stocks down for second straight month in June amid recession fears
Stock exchanges in the Gulf Cooperation Council states logged their second straight monthly decline in June as fears over inflation and recession rattled investors.
MSCI GCC Index, which captures the performance of indexes across the region, was down 9 percent as it exited its worst month so far this year, a report by Kamco Invest revealed.
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