Banks, real estate shares weigh on Saudi; insurer lifts Qatar – Reuters
- Date: 27-Feb-2023
- Source: Reuters
- Sector:Financial Services
- Country:Saudi Arabia
Banks, real estate shares weigh on Saudi; insurer lifts Qatar – Reuters
Feb 26 (Reuters) - Major stock markets in the Gulf ended mixed on Sunday, with Saudi Arabia's index pressured by real estate and banking shares, but a 10% surge in Qatar Insurance (QINS.QA) lifted the Qatari index.
Saudi Arabia's benchmark index (.TASI) fell 1%, recording its sixth consecutive decline.
The luxury real estate developer Retal Urban Development (4322.SE) lost 3% while Al Rajhi Bank (1120.SE) was down 1.8%.
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