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Major Gulf stock markets closed lower on Thursday amid escalating geopolitical tensions in the region, while rising oil prices limited losses.
The Saudi market’s main index fell 0.1 percent, with shares of giant MBC Media Group falling 9.9 percent, a decline for the third consecutive day.
Since first trading on January 8, MBC Group shares have risen more than 130 percent compared to the original issue price of 25 riyals per share.
The shares of the giant oil company Saudi Aramco also ended today’s session with a loss of 0.5 percent.
The Dubai Stock Exchange’s main index fell 0.2 percent, impacted by a 1.4 percent decline in Salik’s toll road inventory.
Among other losers, shares in Emirates NBD Bank closed down 0.8 percent after rising more than five percent in early trading.
In Abu Dhabi the index fell by 0.3 percent.
The Qatari index fell 0.3 percent, impacted by a 1.7 percent decline in Masraf Al Rayan shares.
Outside the Gulf, Egypt’s leading stock index rose 0.3 percent, benefiting from gains in Talaat Mostafa Group Holding shares, which rose 8.4 percent.
Reuters
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