Arab markets remain in the red region. The Saudi index violates the direction

The Arab stock markets reduced their losses on Monday, but they remained in the red region, while the Saudi Stock Exchange index became rise to the heavy losses that the markets entered into yesterday, affected by a global landing wave in the midst of customs scaling between the United States and several countries around the world. This comes after today, Monday, the shares in Asia continued their decline, as the most important index reduced its largest rate in more than 16 years, and Chinese shares led a deep and wide scale of sale because of the concerns of the impact of the trade war on the world economy. Ziad Awad, CEO of “Awad Capital”, warned during an interview with “Al Sharq” that the global markets are experiencing more losses, unless an agreement between countries is reached on customs duties. “There are many fluctuations and fears these days. The main reason is that the customs definitions were not expected by the market. The calculation method is not logical, nor economically correct, and none of the analysts expected it … If good news does not come, the risk of the decline will continue,” Awad said. European stocks have dropped to the lowest level since December 2023, as the German “DAX” index fell by 10%. Dereva, head of the Governor’s Department of Management at a ‘guarantee of investment’, attributed the shares in the wave, mainly to concerns about the fall in oil prices. “The impact is due to oil prices. There are concerns about the demand for RU if we reach a falling economy, which will affect the wave states. Investors should not sell on a large scale, taking into account that we believe there will be an opportunity for negotiations between the United States and other countries, which will limit low oil prices.” Oil prices dropped for the third consecutive day in the light of Saudi Arabia has lowered the selling price of its most important ore by more than two years, and with the rising trade war, the concerns about the global economy entering stagnation and demand for RU, have weakened, according to “Bloomberg”. Brent ruol fell by 4% to $ 63.01 a barrel, which is the lowest level in four years, before reducing its losses a bit, while the RU -West -Texas spread near $ 60 a barrel. Below are the movements of the most prominent Arab market at the closure of the Monday session: The Dubai Financial Market Index has closed 3%. Emar real estate shares fell 2.5%, emer development by 4.5%and Dubai Islamic Bank 5.7%. The Abu Dhabi Securities Market Index ended the trading, with a low 2.5%, with ADNOC gas stocks falling 5%, “Aldar Real Estate” by 1.5% and “Abu Dhabi Commercial Bank” 2%. The Saudi Tassi index has recorded its biggest daily profits since March 26 to close 1.1% with the support of the public utilities sector. In Kuwait, the first market index has reduced its losses to close 0.6%at the lowest level since 20. The Qatar Stock Exchange Index closed, with 0.35%, which recorded the lowest closing level since June 23, with the shares of “Qatar Industries” by 0.6%, but the “Qatar National Bank” shares fell by 2.2%. The Bahrain Stock Exchange Index ended the transactions, with low 1.15%, while the Muscat Stock Exchange Index fell 0.68%. The most important index of the Egyptian Stock Exchange closed, 0.6%. The most important index of Moroccan shares has closed 5.63%, the highest rate of losses since 2020.